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Alternative Home Loans Financing

How To Unlock Your Dream Home Today: Alternative Home Loans Financing

Those searching for terms like ‘alternative home loans financing’ online may be looking for distinctive property loans that can provide them with the purchasing flexibility they need.

In this article, we at Bridgit will first discuss what a bridging loan is. Afterwards, we’ll talk about the advantages you could experience if you choose our financing and also how we stand against other alternative home loan options.

An alternative to traditional home loans

There are various options presented after looking up terms like ‘alternative home loans financing’ or ‘loan financing solutions’ online.

However, we at Bridgit provide an advanced tech-first approach and offer a bridging loan, allowing you to buy your next perfect home before you have sold your current one.

This short-term property loan enables homeowners to void the traditional barriers a homeowner might face when selling first, including temporary living, multiple moves, and being out of the property market. It’s straightforward; we can supply the necessary funds for acquiring the new property, and following the sale of your existing home, the proceeds can be used to settle the bridging loan.

Apply now and experience convenience through our streamlined online application.

Disclaimer: Unless otherwise specified, the opinions expressed in this article are strictly for general informational purposes only and should not be taken as financial advice or recommendations. Any views are subject to change without notice at any time.
Owner-occupied
Investment

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

8.24

%
p.a.

Variable rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.33

%
p.a.
Comparison rate
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees

Residential Bridging Loan

Buy now, sell later

No monthly repayments
Set-up fee from 0.79%
Min $300K, max $8M

8.74

%
p.a.

Variable rate

We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
We offer an introductory rate for the introductory period of the loan term which includes a 1% discount.
i

8.84

%
p.a.
Comparison rate
Apply now
Up to 12 month loan term
Up to 80% LVR
Downsizers, upsizers, retirees
The Bridgit Loan Calculator

Buy now, sell later

$
$
$
$
Buy new property
(less contribution)
$800,000
Existing
mortgage
$500,000
Sell existing
property
$2,000,000
Your estimated loan calculation
Estimated principal amount
$1,300,000
Your cash after sale
$700,000
Estimated principal amount
$1,300,000
(LVR 43%)
Based on the information provided your Loan to Value Ratio (LVR) may be too high. To help you we require some additional information; feel free to get a quote or schedule a call with our team.
Get a quote

Please submit an application or quote to receive a detailed breakdown of your loan amount.

Get 24 hour approval

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Why buy before you sell with Bridgit?

No income verification

We assess loans based on property equity and asset position.

No monthly repayments

No monthly repayments or fees for the duration of the loan term

No double mortages

We’ll pay your existing mortgage, so you don’t have to worry about two mortgages at once.

Save on temporary living

Move into your home sooner and avoid short-term rental, storage and moving costs.

No missed opportunities

Don’t miss out because of slow processes, unlock your property equity in 24 hours.

Apply nowSchedule a call

Trusted by customers
who Bridgit

Customer Service at its best.

Everyone I dealt with at Bridgit was helpful and responsive. Candice (BDM) checked in with me regularly to make sure everything was going smoothly and Andrew kept me in the loop. I recommend Bridgit highly.
- Sue Farnham
Trustpilot

Get 24 hour approval with Bridgit

01

Submit application

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

02

Accept the offer

Accept your loan offer by making a small upfront deposit and progress your application to the next stage.

03

Purchase your property

Apply online and receive 24 hour approval. Tell us some details about yourself and see how much you can borrow.

*Subject to the loan scenario and outgoing lender processes onrefinance (if applicable).

04

Sell

Sell your existing property and pay down your Bridgit loan. No rush, you have up to 12 months.

Apply NowSchedule a call
Frequently Asked Questions (FAQ)

What are the advantages of alternative home loans?

Compared to their traditional counterparts, alternative home loans can boast fast and simple applications, improved flexibility, and more. As such, Australian borrowers look to this kind of option to replace the slow, manual, and rigid processes typically associated with conventional housing finance plans.

Here at Bridgit, we specialise in bridging loans, providing an intuitive, technology-forward solution.

This way, you can potentially end your search for terms like ‘alternative home loans financing’ or perhaps ‘alternative mortgages’ online.

Through our short-term lending bridge loan, you can experience advantages like:

    • Speed and simplicity. Our application only takes five to ten minutes, complete with a twenty-four-hour approval process. Plus, you could experience a settlement in as little as a few days.
    • Cost savings. By moving into your new home sooner, you're saving on temporary living fees from renting and storage costs for your belongings.
    • No double mortgages. We can finance your existing short-term mortgage, making it so you’re not handling two at once.
    • Equity conversion. Unlock the value of your current home to purchase your next one. This way, you can have funding before you sell.
    • No hidden fees. Know that we’re transparent about our fees. Here, we have a straightforward set-up fee and no annual, monthly, or early repayment fees.

With these advantages alone, don’t hesitate to connect with us at Bridgit. Allow us to help you enjoy the benefits of letting you buy and sell on your own terms. Leave your search for terms like ‘alternative home loans financing’ behind you today.

What types of alternative home loans are available in the market?

A number of Australian borrowers nowadays are looking up terms like ‘alternative home loans financing’ and ‘exclusive home financing’ online. After this search, they find options like private mortgages, land contracts, rent-to-own agreements, and bridging loans.

Bridging loans can be a flexible solution compared to other alternative home loans. At Bridgit, our bridging loans are short-term property loans designed to help homeowners transition from their current place to their ideal one, without the hassle of selling first.

We provide the funds for the new purchase, and once the old home is sold, the proceeds go towards settling the bridging loan. Any remaining balance can be refinanced with a traditional lender, offering a straightforward financial journey.

In line with speed and simplicity, we also pride ourselves on providing loan terms of up to 12 months and no monthly repayments.

Don’t hesitate to contact our customer support team should you have any general questions about topics like ‘alternative home loans financing’. Apply online today at Bridgit!

A purchasing path to your dream home

Our mission at Bridgit has always been to empower Australians with innovative financial solutions, specifically to meet the evolving needs of today’s homeowners. At the core of our services is the bridging loan, a way to unlock the equity of your property without the constraints of traditional processes.

At the end of the day, this could give you the chance to eliminate the pressure of having to sell your current home before you purchase a new one.

Join us in embracing a future where property goals are just within your reach.

Bridging essentials

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Aussie based crew

We’re here to help, if you have any questions get in touch.

Weekdays 9am – 5:30pm

1300 141 161
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Disclaimer
‍
Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply.
‍
^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. Comparison rates for interest only loans will not reduce your loan balance. This may mean you pay more interest over the life of the loan. Bridging Loan set up fee is from 0.79% and government charges apply.