A bridging finance loan is a type of short term finance. Bridging finance is often used to fund you for a period of time. This enables you to move to a longer term debt or to sell your property. Often the monthly interest is often rolled into the bridging finance loan. This means there may be no repayments to make during the term of the loan. The balance is generally payable at the end of the loan period. Bridging loans can be a bit complicated so you need to ensure you understand how they work. These articles are an entry-level guide answering the top questions.

How a Bridging Loan can Help You Secure the Property of Your Dreams

A bridging loan is a temporary loan that is intended to ‘bridge the gap’ that could exist when a homeowner is still selling his house and when he is set to take another mortgage. In other words, when a homebuyer is purchasing a new home before completely selling his current house, the bridge loan can be a source of cash needed to pay the down payment of the new home purchase.

Bridging loans are supposed to use the buyer’s existing house as security. The facility can provide sufficient amount of money to fund the down payment, which is a requirement to buy and relocate to the new move-up home. There is doubt that a bridging loan can help you finally buy your dream house.
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By |May 3rd, 2012|Categories: Bridging Finance|Tags: , , , , |Comments Off on How a Bridging Loan can Help You Secure the Property of Your Dreams

Bridging Finance

Home owners have been making the most of rising property prices.  Sydney, Melbourne, Brisbane and Adelaide all had significantly more properties up for auction than on the same weekend last year, with 1991 homes listed, which was up from 847 last year.
According to Australian Property Monitors, the total weekend auction revenue was up $208 million […]

By |May 20th, 2011|Categories: Bridging Finance|Tags: , , , |Comments Off on Bridging Finance

When is the Best Time to Sell?

Every year there’s hype and excitement around the ‘Spring Selling Season’. As September comes closer however, the cold hard facts are that the spring season doesn’t see the greatest level of sales activity, although it does record the greatest number of listings.
According to a recent report by RP Data, it is actually March that is the busiest month for house and unit sales. On average over the last 10 years, March has accounted for about 9.3% of all dwelling transactions on a national basis. The results have shown that despite the fact that March is the busiest month for sales, there is little fluctuation in sales activity – except within December and January when sales volumes fall away noticeably. Clearly, once everything starts to settle down after the Christmas – New Year period, attention turns back to the property market resulting in strong sales volumes during March.
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By |May 20th, 2011|Categories: Bridging Finance||Comments Off on When is the Best Time to Sell?

Banks Decline Homeowners from Bridging Finance

You may have found your dream home but have not yet managed to sell your existing property.  Without the proceeds from the sale of your current property, many people can find it difficult to buy the new property.  Bridging finance enables people in this situation to purchase a new property, whilst you await the sale of your existing and offers financial relief during this period.
According to industry experts, bank lenders are increasingly blocking homeowners from receiving bridging finance.  This strict position by the major banks is restricting the property market by delaying home purchases and forcing homeowners to sell their homes before they’re able to buy a new one.
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By |May 20th, 2011|Categories: Bridging Finance|Tags: |Comments Off on Banks Decline Homeowners from Bridging Finance