Bridging Loans

Bridging Loans

A bridging loan can provide a cashflow injection for personal use when:

  • Your bank can’t deliver based on circumstance or time, you don’t have financials in order (but have equity in your home or other real estate), or you need short term bridging funds when:
  • You want to renovate or prepare your property prior to sale
  • You’d like to complete a small land subdivision or duplex intended for sale
  • You need a deposit for a new property (investment or principal place of residence)
  • You require help with moving, living, legal or medical costs
  • You’re seeking to pay a personal bill or debt that can’t wait until the property is sold
  • You’re downsizing

Short term bridging loan snapshot:

  • $25K – $500K+
  • By caveat, second or first mortgage
  • Funding typically within 3 – 5 days from application
  • Loan terms from 2 to 24 months+
  • Available Australia-wide
  • No credit check or income assessment
  • Minimal documentation
  • Real estate backed (residential real estate required to obtain a loan)
  • Flexible underwriting
  • NCCP compliant
  • Australian Credit Licence 422165 (Mango Mortgages Pty Ltd)

The upside of short term bridging loans include:

  • Access the equity in your home within days to help buy your new home quickly or pay deposit on your next residential purchase
  • You don’t have to miss out on THAT property while you wait to sell yours
  • Avoid the stress of having to sell in a hurry, and by doing so, you potentially get a better price on your house
  • Maximise the market value of your home in preparation for sale
  • Can help reduce or avoid storage and/ or temporary rental property costs
  • Create wealth by completing that small subdivision or duplex
  • Fully regulated by ASIC with the extra protection of AFCA membership (Mango Mortgages only)
  • Obtain funding for personal purposes

Apply here for bridging loans online