Bridging Loans
Looking to finance a new property but your existing home has not yet sold? We can help.
A Bridging Loan is used when you have bought a property and your existing home has not yet sold.
The lender will advance the money you need to settle on your new property. When your original property sells, the money is used to repay some or all of the bridging loan. Any remaining debt will be your end home loan.
Loan Features
- You can buy and settle into your new home before selling your existing home.
- No need to move twice - once to a rental property and then into your new home. This can save considerable money in moving and relocation costs.
- Depending on the equity in your original property, some lenders may loan you fees and allow you to add the interest to the loan as well.
For more information, please feel free to ring one of our Finance Professionals on (08) 9381 8311, or email us and we will arrange for one of our team to speak with you in person.