Using A Bridging Loan To Buy A House

Most people are more familiar with the process of selling their old house first before purchasing a new one. However, selling takes so long and so much energy that you may not be able to get a new house sooner rather than later. While you are searching for a new home, bridging finance is a great option to consider, but if you were to get it from a conventional lender, you would have to deal with the slow and manual process banks follow. As a non-bank lender, our bridging loans at Bridgit can help you bypass all those frustrating and unnecessary steps. Rather than scouring the internet for information on 'Typical Interest Rate On Bridge Loan', you can use our short-term loan options to get the financing you need for that new house now and handle the sale of your previous home from the comfort of your new one. You can finally stop looking up 'Using A Bridging Loan To Buy A House' in search of faster options. As a result of our technology, we have the ability to deliver fast turnaround times, so you can focus on other important things, such as preparing your old home for potential buyers or settling into your new home.

End your search for 'Using A Bridging Loan To Buy A House' with Bridgit, and take your first steps towards owning your new dream home by letting us help you minimise the hassle of applying for financing options. Instead of endlessly searching for 'What Banks Offer Bridge Loans', 'Unsecured Bridging Finance', or other similar terms, find exactly what you need for your dream home with our fast bridging loan options. By leveraging technology and expert teams, we enable you to access your property's value without needing to sell it first. We've got a financing option for different situations, such as if your children are leaving the nest and you want to consider a downsizer bridging loan, or if you're expecting a new addition to your family and want to apply for an upsizer bridging loan. At Bridgit, we've got you covered, even if you're having trouble proving your income the conventional way and need a low doc bridging loan to finance your purchase. Whenever you apply for this type of loan, we will accept alternate proofs of income instead of conventional proofs. Use our quick settlement process to make tempting offers on your dream home and never miss another opportunity.

If you've been wondering about 'Hung Bridge Loan' and 'Bridge Financing For Home Purchase', Bridgit can help get you started. It's so easy. We offer loans from $300,000 to $8,000,000, with exceptions for higher or lower amounts considered on a case-by-case basis. The total loan amount includes a reasonable set-up fee, and the loan term is for a total of twelve months. If you meet our qualifications as a borrower, you can expect a response regarding an approval offer along with the amount you are entitled to receive within 24 hours of submitting your information through our online application. The loan offer will be sent to you, and if you're satisfied with the details, you can accept it by making the initial deposit. Once your current property has been evaluated and you've signed the documents digitally, you can settle in just a few days. You'll be able to place a bid on your ideal property and move in as quickly as possible. By tapping into your house's equity, you can purchase a new home without having to sell your current one. Get in touch with Bridgit's customer support today for questions about 'short term bridging loan' or 'bridge finance'.