Bridging Loans.
A bridging loan provides short-term finance to cover the gap between purchasing a new property and selling your existing one. It allows you to buy confidently without needing to sell first.
How It Works:
Assessment of Your Situation – We evaluate your current property value, new purchase, and financial capacity.
Loan Structuring – We determine the best bridging loan option, considering repayment flexibility and interest costs.
Loan Approval & Settlement – We assist with the application and ensure timely approval to facilitate a smooth property transition.
Sale of Existing Property – Once your home is sold, the bridging loan is repaid, and any surplus funds go to you.
Benefits:
Flexibility to buy a new home without waiting to sell first.
Avoids the need for temporary housing or rushed property sales.
Avoids the need for temporary housing or rushed property sales.
Provides financial breathing space to achieve a better sale price for your existing home.
What Happens If You Don’t?
Risk of losing out on your ideal new home due to timing issues.
Potentially lower sale price if you’re forced to sell quickly.
Added stress and inconvenience of moving multiple times.
Want to work with us?
Truth Financial Pty Ltd | ABN: 82661568903 is authorised under Australian Credit Licence Number: 389328 | ABN: 82661568903
Your full financial situation and requirements need to be considered prior to any offer and acceptance of a loan product.