BROKER LOCATIONS
BRIDGING LOANS/ FINANCE
Selectabroker is a free service to help you find a suitable mortgage, home loan or finance broker that will arrange the bridging loan package that you are looking for. At no charge.
There are many myths about bridging loans, main ones being they are nearly impossible to get and the other myth is, that it is a very expensive way of borrowing money. A common response from most lenders is " to hard".
The common purpose for a bridging loan is when you wish to purchase another property but have not sold your existing property. Most people would advise against the risk of being stuck with two properties and so would we, if you were unable to afford to hold onto both.
Speaking to one of our mortgage loan broker experts will help you decide if you are in a position to make an offer on the property you wish to buy. If your own lender says no this does not mean that other lenders will say no to your bridging loan.
Whether you are buying a piece of land to build your dream home or upgrading or downgrading from your existing home, a normal home variable rate should be on offer to you. Standard commercial or development type ventures would also attract normal rates.
An expert home loan broker would be able to advise you on your specific situation.
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