Bridge loans are also appearing in the real estate sector. If a buyer has a delay between the purchase of a property and the sale of another property, he can turn to a bridge loan. Typically, lenders only offer home loans to borrowers with excellent credit scores and low debt ratios. Bridge loans bundle the mortgages of two homes and give flexibility to the buyer while waiting for their old home to be sold. However, in most cases, lenders only offer surplus real estate loans worth 80% of the total value of both properties, which means that the borrower must have significant real estate capital in the original property or sufficient cash savings. : A sales contract represents the conditions of the sale of a property by the seller to the buyer. These general conditions of sale include the amount to which it is to be sold and the future date of full payment. . .