📲 There's a surge in enquiry for these types of loans lately - they are back in fashion!
Bridging finance is a short term loan facility that allows you to purchase a new property before selling your existing one.
🏚➡🏠 Effectively it 'bridges the gap' between buying and selling.
💵➕💵 It works by adding existing loan to a new loan as a "peak debt" for a defined period, such as 12 months.
When the old property sells, proceeds are used to pay down the bridging loan, leaving you with lower repayments.
Pro tip: Definitely talk to an experienced broker to find out if this is a suitable structure for your situation!
Truly Finance's advice, financial services and property strategies are generally complimentary. We do this for the best interests of our clients and we relentlessly strive to be the best mortgage brokers with uncommon excellence!
James Brett. Principal Mortgage Broker ☎️ 0439 591 759
Victor Simone. Principal Mortgage Broker ☎️ 0438 257 888
Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554
Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900
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Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328
