How To Buy A House When You Haven't Sold Yours

More and more people are looking up ‘how to buy a house when you haven’t sold yours’ because of the benefits of doing so. One of its best advantages is that you don’t have to miss out on a great opportunity to buy your dream house because you haven’t sold your current home yet. A bridging mortgage can give you instant cash flow to buy the house you want, when you want it. You can also use the loan to renovate your existing home to increase its value and sell it at a price you’re happy with.

Bridgit has streamlined how to buy a house when you haven’t sold yours through our very own cutting-edge technology. You may submit your online application and get approval within 24 hours and possibly get a settlement in as little as a few days. Unlike traditional lenders, our process is fast and hassle-free, making it possible to get a bridging loan without leaving your home.

There are different ways to buy a house when you haven’t sold yours, but bridge finance is one of the most practical ways. It won’t disrupt your cash flow or result in double mortgages, as you can pay for the loan after selling your house at the end of your loan term and refinance your existing mortgage into the bridge loan. You can also use the loan to renovate your existing property or pay the downpayment of your new home by using the Bridgit equity release, allowing you to achieve your goals more quickly without financial stress.

Is a bridging loan a good idea? Definitely, especially if you get one from Bridgit. We don’t charge monthly repayments, so you can pay back your loan in a lump sum after selling your old house.

If you have other questions aside from ‘how to buy a house when you haven’t sold yours’, you may schedule a call with the Aussie-based Bridgit team for a consultation. We will talk you through the process to help you buy your dream home, so feel free to contact us.

It’s a good idea to look for ways to support you buying a house when you haven’t sold yours, because having to buy and sell houses simultaneously can be stressful. Because you get very little time to move out of your old home and move to a new one after selling it, you might rush to buy a new house you’re not completely happy with. You may also be forced to sell your existing house for less than your desired price because you need to make a downpayment for your new home quickly so you don’t miss out on it.

In the process of selling your house, there also may not be a place for you to move into, so you may spend money on temporary living arrangements. A bridge loan at Bridgit can eliminate such problems by giving you the funds you need to buy your dream home and having more than enough time to settle that loan over 12 months. You can then plan for a more efficient and organised home buying and selling process.

If you have property equity, you can qualify for a short-term bridging loan – the practical option to choose rather than struggling with buying and selling houses simultaneously.

From PAYG earners, self-employed, and retirees – everyone is welcome to apply for a Bridgit loan. Bridgit adjusts pricing, loan size, and loan term according to the risk and your scenario. We can give you a great offer if you have low LVR, high-quality assets, and a strong credit score.

Complete your Bridgit loan application in less than ten minutes, and our team will reach out to let you know how much you can borrow. Send us a deposit (from $900) to accept our loan offer, and we will proceed with the valuation and verification processes. We will then send the necessary documents to you via email which you may sign electronically and complete your loan application to get the loan and purchase your property!

Apply for bridge finance at Bridgit to get closer to your dream home!