Flexible Relocation Loans
Upgrading, downsizing, or simply switching postcodes? Relocating can be exciting. But juggling the sale of your current property while trying to secure a new one? That’s where things gets tricky.
Mango Credit’s relocation loans are built to give you financial breathing room so you can buy first, sell later. Avoid rushed decisions and move on your terms with the right financial solution.
Quick Links
- What is a Relocation Loan?
- Why Use a Relocation Loan: How it Helps
- How Funding Works
- Why Apply for a Relocation Loan with Mango Credit?
- How Borrowing with a Private Money Lender Works
What is a Relocation Loan?
A relocation loan is a short-term loan that helps bridge the financial gap between buying your next property and selling your current one. It’s ideal if you’ve found your dream home but haven’t sold your existing one yet.
You get quick access to funds using your existing property equity as security. Once your current property sells, you simply repay the loan. There’s no need to refinance or renegotiate your main mortgage. And because these are short-term loans secured against your current property, you get access to funds without the red tape of traditional lenders.
It’s fast, flexible, and gives you more control over your move.
Why Use a Relocation Loan: How it Helps
It can be overwhelming to buy and sell while ensuring everything, from settlement dates to moving schedules, lines up. Relocation loans smooth the process by giving you the funds to purchase now and more time to sell your current property later.
- Buy your next property without waiting to sell
- Avoid underselling your current property due to time pressure
- Settle into your new home at your own pace
- Keep your existing home loan in place
- Skip lengthy paperwork and credit checks
- Use your equity without refinancing
- Enjoy flexibility around settlement dates and timelines
Relocation loans are especially useful if your property is taking longer to sell, or if you’ve found a deal you don’t want to miss.
We also offer short-term first mortgages for anyone needing fast access to funds, but isn’t necessarily buying and selling simultaneously.
How Funding Works
With Mango Credit, you’ll have full visibility of fees, timelines, and repayment expectations throughout the process – no guesswork or hidden surprises.
- Start with a simple, obligation-free enquiry online.
- We’ll assess your current equity and proposed timeframe.
- Get approved funds usually within 3 to 5 business days.
- Sell within the agreed timeframe and repay from the sale proceeds.
Why Apply for a Relocation Loan with Mango Credit?
At Mango Credit, we’re a trusted private lender with a reputation for flexibility, transparency, and speed. Here’s what sets us apart:
- No credit score hurdles, hits, or unnecessary delays
- No income verification required
- Minimal documentation and straightforward process
- Personalised service from a team who cares
- Negotiable funding from $50K to $500K+
- Upfront terms and competitive interest rates
- Expert advice and guidance from a dedicated team
Get Moving with a Relocation Loan Today
Relocating doesn’t need to feel like a juggling act. With Mango Credit’s relocation loans, you can secure your new place, take your time selling the old one, and move on your terms.
Ready to make your move? Get in touch today and let’s talk through your options.