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Bridging
Finance
Don’t miss out on your dream home because of finance. At LoanZaver, we’ll help you secure bridging finance to make the transition between houses easier. Our Melbourne loan brokers will walk you through the loan process and discover whether bridging finance is the right option for you.
Bridging Finance
What is Bridging Finance?
If there’s a space between selling your current home and buying your next one, bridging finance ‘bridges the gap’ and lets you move ahead with the new purchase.
There’s no need to stress. Bridging finance gives you the funds you need to buy your new property before your current one sells.
Finance When You Need It
Is Bridging Finance Right For You?
Bridging finance is great, but it doesn’t suit everyone. You must consider:
- The expected sale price of your current home
- How quickly properties sell in your area
- How you can manage loan repayments during the bridging period
- Your long-term loan goals
Bridging Finance
FAQs
Answers to the most common questions about bridging loans with LoanZaver
How long does a bridging loan last?
Typically, bridging loans run for 6–12 months, which allows for time to sell your current home without the stress.
Do I need to make repayments during the bridging period?
It really depends on your situation. Some lenders may allow interest to be capitalised (added to the loan), while others want partial repayments. During the loan application process our Melbourne loan brokers will explain the options available to you.
Will I need a deposit for my new home?
It depends on your equity and loan structure. In the early stages of the process we will discuss everything in more detail.
Is bridging finance more expensive?
Just like all loans, bridging finance can have different costs and interest structures. Don’t worry, as a broker we will break this down clearly so you understand all the details.