Short Term Property Loans In Sydney

How To Navigate Short Term Property Loans in Sydney

Short term property loans in Sydney can be a source for homeowners in need of funding. However, the challenge lies in finding the specific loan and provider that aligns with your needs.

At Bridgit, we’re here to offer a solution for those looking to buy their dream home before selling their existing one by offering a bridging loan. As you read along, you’ll discover the benefits of this type of funding and how to find a lender that suits your unique situation.

An overview of short term property loans in Sydney

What are short term property loans?

Short term property loans in Sydney or short term loans for real estate generally offer a way for homeowners to borrow funding against their property’s equity. Beyond securing funds for immediate needs, short term home loans are popular tools that help property owners improve their current homes or secure a new one.

How do short term property loans differ from traditional mortgages?

Both traditional mortgage loans and short term loans are related to properties. However, traditional mortgage loans in Sydney often refer to financing solutions where the borrower can use the funds to purchase a property.

On the other hand, while some types of short term property finance can help with the same goal, they are generally more versatile and have a broader range of uses. To simplify, you can use mortgage loans if you’re looking to finance the initial purchase of a property, but you can also use short term property loans in Sydney when you already have an existing mortgage and need additional funding for other purposes.

Moreover, unlike the long-haul commitment of a typical mortgage, which can stretch up to thirty years, short term property loans in Sydney are designed for immediacy, generally spanning one to twelve months.

What are the benefits of short term property loans?

There are many advantages to short term property financing solutions, including:

Flexibility

Short term property loans in Sydney generally offer versatility in how you can use the funding.

They can allow you to leverage the equity in your current property, offering a practical solution for a variety of scenarios. One key example is bridging loans. Whether you’re downsizing to a more manageable home or upsizing to accommodate a growing family, these loans provide you with the ability to buy now and sell later.

Ease of application

Short term property loans in Sydney often have less stringent criteria compared to conventional loans. At Bridgit, we offer streamlined online application processes to quicker loan processing, ensuring that you receive the support you need without unnecessary delays.

Benefits specific to the type of loan

Each type of short term home loan also carries its own set of advantages.

For example, bridging loans offer their own advantage. These loans are instrumental in bridging the gap between the acquisition of a new property and the sale of your current one, facilitating a simple transition between properties. This type of short term property loan ensures you don’t miss out on securing your ideal home.

Are there specific lenders in Sydney specialising in short term property loans?

Sydney boasts a variety of specialised short term private lenders.

At Bridgit, we specialise in bridging finance solutions designed to help Australians leverage the equity in their homes to secure their next dream home before selling their existing one. We embrace technology, streamlining the lending process to create a hassle-free customer experience.

Our application process is a testament to our commitment to efficiency and customer convenience. It only takes five to ten minutes to complete our simple online application. We could provide approval within twenty-four hours, and settlements can happen in just a few days.

We also offer no annual fees, monthly fees, or early repayment fees.

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.