In the fast-paced world of real estate, timing can make all the difference. For one homeowner, navigating the lengthy process of securing a loan meant risking the loss of her dream home.
According to the latest Broker Pulse survey, the average time it takes lenders to make crucial decisions in the mortgage approval process is significant - 4.2 business days for initial credit decisions, and 17.2 days for unconditional approval. For many, these timelines are more than just numbers - they represent missed opportunities.
When this homeowner found herself in need of an urgent solution to unlock her property equity and purchase her dream home, her broker turned to us. Within less than 24 hours, we provided conditional approval and expedited the settlement process, enabling her to confidently move forward with her purchase while allowing ample time to sell her existing property.
Let’s take a closer look at the loan:
We’re thrilled we could help another homeowner secure the perfect home, and we’re happy to report that she’s loving her lifestyle change - “I can clean this place in like half an hour”.
Have a client that you think will benefit from our solution? Schedule a call today and workshop a scenario with one of our specialists.
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This month, Nikki Pelizzoni, Regional Director at Bridgit, explains the broad range of clients that can benefit from access to bridging finance and how bridging can solidify your client relationships.
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In today’s fast-paced property market, securing your dream home before it’s gone can be challenging. Let’s run through how Bridgit’s bridging finance solution allows buyers to purchase their next home before selling their current one.
In the fast-moving world of real estate, speed is key. Here’s how we helped a Bridgit customer secure a bridging loan for an investment property that was ready to settle in just three days.
