Short Term Home Loans

Frequently Asked Questions (FAQ)

Are there advantages to choosing a short term home loan?

Certainly! Short term home loans are particularly advantageous when transitioning to a new home while waiting to sell your current one. They offer quick access to your property equity with a fast application and approval process.

Bridgit elevates this concept further by offering an efficient and homeowner-friendly approach. Unlike other short term mortgage lenders, our bridging loans have no monthly fees, and settlement is possible in just a few days, so you don’t have to look any further for a short term property loan.

Can I refinance my existing mortgage into a short term home loan?

Absolutely. Refinancing your existing mortgage into short term loan options is possible and can be a strategic move under the right circumstances.

This mortgage refinancing option is particularly viable if you have considerable equity in your current property and a solid plan for loan repayment options after selling it. Bridgit offers bridging short term home loans that facilitate this process, helping you purchase a new home by leveraging the equity of your existing one.

Our services are designed to alleviate the difficulties associated with juggling the purchase of a new home and the sale of an existing one. You don’t have to look for short term mortgage options. Our bridging loans can help you save money on relocation expenses, temporary living costs, and more.

At Bridgit, we understand the varied needs of Australian homeowners when it comes to short term property loans, whether they are upscaling for a growing family, or downsizing for comfort and manageability. Our quick home financing solutions don’t only offer approvals within twenty-four hours, but they also have flexible loan terms.

What are the common features of short term home loan products?

A short term home loan is typically characterised by relatively brief loan terms, with the term of the loan typically lasting no longer than six months. A key aspect of short term home loans is their flexible repayment structure; rather than monthly repayments, the full amount is usually due after the sale of your current property.

Bridgit incorporates technology as a fundamental aspect of our service for bridging short term property loans in Perth and beyond. Our streamlined online application form takes just five to ten minutes to complete, so you can easily get the process started.

What’s more, we lend to a wide range of borrowers. You just need the following requirements, according to your category:

If you’re a PAYG income earner, you will need to have six months of continuous employment and proof of two months’ pay. On the other hand, self-employed people are required to present their tax returns for two years or provide an accountant declaration as an alternative.

Feel free to reach out to our customer service team for the full list of requirements.

Bridging Your Property Dreams with Bridgit

In the heart of Australia’s property landscape, Bridgit emerges as a trailblazer, redefining the essence of bridging short term property finance. Established in 2021, our mission is to empower Aussies with innovative, technology-driven solutions for their property needs.

Specialising in short term lending, we’re the go-to experts for those seeking to purchase their dream home without the traditional constraint of having to sell first. Whether it’s accessing a loan for a short term rental property, seeking short term property loans in Sydney, or even short term property loans in Canberra, Bridgit is your reliable partner.

Our ‘tech first’ approach ensures a fast and simple home loan process, allowing homeowners to make pivotal life decisions without delay in their bridge financing.

With Bridgit, the journey to owning that perfect property is not just a dream but a reality, delivered with expertise, speed, and a deep understanding of what Australian homeowners truly need.

Get closer to your dream home today by applying for our bridging short term home loans!