Bridging Loans

So, you've found your dream home in Moonee Ponds, spotted the perfect investment opportunity in Essendon, or secured a cracker of a place in Coburg, but your current property hasn't sold yet? It's a common scenario, and it can feel a bit stressful, like you might miss out. That's precisely what a Bridging Loan is for!

*What is a Bridging Loan?*
Simply put, a Bridging Loan is a short-term finance solution designed to "bridge the gap" between the purchase of your new property and the sale of your existing one. Instead of juggling two mortgages or facing the pressure of a quick sale, this loan allows you to access the funds needed for your new purchase before you've received the proceeds from your old one. It's all about giving you flexibility and peace of mind during what can be a hectic time.