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Bridging finance is an excellent tool to allow fast & efficient auction purchase.. It seems more people are turning to auction houses to sell their.
Bridge Loans for Home Purchases. A bridge loan is a type of short-term loan offered by lenders that allows you to "bridge" the gap between the sale of your old residence and the long term.
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A bridging loan is a form of financing, primarily used in property buying, that allows you to borrow money on a short-term basis in the gap between buying a new home and selling your old one.
Using bridge loans allows home buyers to buy a new home before they’ve sold their current home and without making the sale of the old home a contingency. Bridge loans are costly and have time.
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Cool! What would you do with all that cash? Pay off the mountain of student loans you’d otherwise be stuck with till you die? Buy a house? Buy a car? Maybe you should call the bank and find out what’s.
Other than bridging finance, we have a number of options available such as supplementary loans or redrawing on your current loan. If you have an existing ANZ home loan and need short-term finance between selling your existing home and buying a new property, you can apply to increase that existing home loan amount to include the new purchase.
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