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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

Mortgage House offers an extensive range of Bridging Home Loans, listed below:




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