What Is A Bridging Loans

Most people are more familiar with the process of selling their old house first before purchasing a new one. Due to the lengthy and difficult process of selling, you may have a harder time getting that new house sooner rather than later. Bridging finance may be a good option if you want to buy your next home before you sell your current one, but then you'd have to deal with banks and other conventional lenders' slow and manual processes. 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 'Bridging Loan Default', 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 'What Is A Bridging Loans' in search of faster options. We deliver fast turnaround times thanks to our technology, so you can concentrate on other things during your property journey, such as making your old home appealing to potential buyers or finding your new home.

Consider your days of endlessly scrolling through results for 'What Is A Bridging Loans' over. Our range of available fast bridging loan products is sure to include something to suit your needs, no matter what your concerns about 'What Is A Short Term Bridge Loan' or 'What Do Bridging Loans Cost' may be. Whether you're looking to save on overhead and move into a smaller property with the help of a downsizer bridging loan, or if you need extra room to set up a home gym using an upsizer bridging loan, then Bridgit is here to help. Most conventional lending policies at banks and other institutions exclude anyone who struggles to provide traditional documents such as PAYG payslips or other standard income verification, but here at Bridgit, our low doc bridging loan option welcomes alternative forms of documentation. With Bridgit, you don't have to deal with the awkward transition period of staying with a friend or living in a motel while you wait for financing to go through for your new place. Instead of settling for a less-than-ideal offer just so you can get the funds you need, Bridgit allows you to purchase your new home and spend more time finding the right buyer. Plus, your previous mortgage payments are also covered by the loan contract, so you won't have to worry about two separate payments.

Whether or not you're convinced that Bridgit will satisfy your search for 'Interest On A Bridging Loan' and 'Bridging Finance Examples', our client-forward terms and conditions are designed to empower every Australian homeowner to buy and sell properties on their own terms. Applying for our bridging loans starts with a quick, simple, and completely digital application process to access a pre-approval loan offer. Once your loan has been approved, our experts will appraise the value of your property and the property you've been eyeing, which will determine how much you can borrow. Depending on the property type, your bridging loan can range from $300,000 to as much as $8,000,000. Once you are happy with the details of the loan, you can make an upfront deposit to accept the offer and move forward by signing the documents digitally. You can then receive settlement in just a few days. The next step is to buy and move into your new home. We have an excellent team of customer service representatives in Australia who can answer your questions and help you get started on your bridge loan application. If you ever have questions about 'bridge finance' or 'bridging finance rates', feel free to contact our support team. Talk to us today.