Bridging Loans

Successful Money Management – servicing the Geelong finance market for over 10 years.

Bridging Loans          

Bridging Loans or Bridging Finance is typically used when the settlement upon sale of an existing home doesn’t consort to the settlement of the new property.   Therefore the finance gap between the purchase of a new property and the sale of an old property needs to be filled.

Bridging Loans are generally offered at standard home loan interest rates.  However you should be very careful with the size of debt and cost of these kinds of loans, although they are an excellent loan product which can give you the flexibility to buy your new property before you have sold your existing one.

For more information of Bridging Loans contact Successful Money Management to see if this loan product is right for your circumstances