Bridging loans
We help customers secure bridging loans when they need to purchase a new property before completing the sale of their existing home.
We can help you cross that bridge.
Canberra mortgage brokers can help customers secure bridging loans when they need to purchase a new property before completing the sale of their existing home. A broker can assess the customer’s available equity, calculate the temporary peak debt and likely ongoing loan balance, and compare bridging finance solutions from suitable lenders. They can also explain how interest is charged during the bridging period, develop a realistic exit strategy based on the expected property sale, and highlight the financial risks if the property takes longer to sell or achieves a lower price than anticipated.
Our team can help with:
- Assess borrowing capacity: Calculate the customer’s equity, peak debt, expected sale proceeds and estimated loan balance after their existing property is sold.
- Compare bridging options: Identify suitable lenders and compare loan terms, interest rates, fees, lending criteria and repayment structures.
- Coordinate the application: Assist with documentation, property valuations, lender communication, approval and settlement to help keep both transactions on schedule.
The process made easy
01
Get in touch with our team
15 mins
02
Complete a fact finder form
45 mins
03
We review and provide options
2 days
Our panel of lenders
With access to over 50 leading lenders, including the big four banks, we can help you get a loan that suits your individual circumstances.
Are you paying too much on your current home loan?
We offer a no-cost assessment of your home loan to review your current mortgage, interest rate, and overall loan structure, then compare it with loan options available through our panel of lenders to determine whether there’s a better fit. If there’s an opportunity to reduce your repayments or cut fees, we’ll explain the numbers clearly and guide you through the next steps. Get in touch today and you could save thousands of dollars.