Bridging Finance, is it for you?

Bridging Finance, is it for you?

Ready to build or buy now, but haven’t yet sold your old property? Bridging finance could be the answer to keep the ball rolling.

Trying to sell one property and buy another can be quite a daunting and emotional process, especially when the timelines of both projects don't match up perfectly.

Generally, people can be a bit nervous or anxious, but it’s an education process for them.

One of the services that we have offered clients in the past is assistance in applying for bridging finance,.A bridging loan is usually just an extension of the loan amount on a regular home loan, and it can cover the purchase price or construction costs of a new property while your old one is selling.

Most lenders offer a period of interest-only repayments on bridging loans, allowing borrowers to get into their new home sooner without having to start paying off a full mortgage before selling the old one.

Anthony Ruehland, Mortgage Broker

M: 0447 009 492

E: [email protected]


要查看或添加评论,请登录

Anthony Ruehland的更多文章

  • Exit costs when refinancing

    Exit costs when refinancing

    Refinancing can be a great way to save money if you believe you are paying too much for your loan, but there is more to…

  • 3 differences between a mortgage broker and a bank lender

    3 differences between a mortgage broker and a bank lender

    It’s easy to walk into the local bank and talk to a lender, or apply online for a home loan, but it may not always be…

  • Pros and cons of a line of credit

    Pros and cons of a line of credit

    A line of credit can be a very appealing idea, with immediate access to the limit of a mortgage and no extra approvals…

  • Six ways to fund a renovation

    Six ways to fund a renovation

    Any renovation project, large or small, can be all-consuming in terms of your energy and money. Here are six loan types…

  • What comes first: the property or the loan?

    What comes first: the property or the loan?

    It’s easy to get carried away with the fun part of buying a property – looking at houses – but delaying the less…

  • How to buy a home when you’re self-employed

    How to buy a home when you’re self-employed

    Self-employed borrowers come up against the challenge of not being able to simply present payslips and tax returns to…

  • Case study: why you need access to many lenders

    Case study: why you need access to many lenders

    When experienced property investor Tim agreed to buy a block of land, he didn’t expect the land’s mining-town location…

  • What are investment lending caps?

    What are investment lending caps?

    In an attempt to curb the high competition of the Australian housing market that locked out many would-be first home…

  • Buying a tenanted investment property

    Buying a tenanted investment property

    There are plenty of upsides to buying an investment property that already has a tenant, as well as a raft of risks…

  • Save your legs and call a loan expert

    Save your legs and call a loan expert

    How do you match a loan and lender to your needs? Rather than running around finding out the details of each and every…

社区洞察

其他会员也浏览了