🤓 A Bridging loan is a facility that allows you to access your equity to purchase a new property before selling.
A bridging loan can also be used to access equity in the case of transitioning to other residential setting, such as retirement residences.
Normally a bridging loan would be approved for up to 12 months to provide time to sell. Sometimes it can be more or less, but the interest only applies to the 'bridging' period.
👉 Many mainstream lenders don't love providing bridging loans, because for them it's a lot of effort and they don't tend to make the long-term money from long-term borrowers.
Truly Finance has multiple lenders and end solutions for short and medium term bridging loan scenarios! We understand that there are real-life benefits to securing a new place before releasing an old place!
Book a time with Truly Finance broker to chat about your bridging loan!
Truly Finance's mortgage broker advice, financial services and property strategies are generally complimentary. We do this for the best interests of our clients and we strive to be the best mortgage brokers!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0438 257 888
Andrew O'Brien. Senior Mortgage Broker ☎️ 0451 308 292
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
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Credit Representative Numbers 521733, 550284, 550765 & 547037 are authorised under Australian Credit Licence 389328
