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Bridging Home Loans

A bridging loan is a type of short-term loan typically used when in the process of selling one property and purchasing the next or when waiting for the arrangement of longer term finance.

Advantages

Bridging loans can, generally, be arranged in a shorter period of time
Relatively little documentation is required to set up a bridging loan
Very useful when in the process of purchasing your next home whilst waiting for your current home to settle

Disadvantages

Bridging loans are typically more expensive then conventional financing to offset the increased risk of the home loan
Additional fees and costs can occur with a Bridging Loan which are amortized over a shorter period of time

Bridging Home Loans

For further information, including interest rates and product features, please click on
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