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Moment of the month - May 2022
At Bridgit, our mission is to help our customers progress in their life. From same day approvals and a quick application to being available to answer any and all customer enquiries, we are here every step of the way to ensure our customers move smoothly through the property buying and selling process.
This month, we were stoked to help Queensland homeowner Adam, when his traditional lender fell through with financing just days before settlement. Our flexibility, speed, and ability to adapt to Adam’s scenario by providing constant and clear communication, resulted in unconditional approval being accepted just 48hrs after the application was submitted.
We are thrilled to have taken the stress out of property financing and to help Adam purchase his next home! Congratulations Adam.
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Timing is everything. Now you’ve got 24 months of it
In a fast-moving market, timing is the difference between seizing an opportunity and missing out on it. For many homeowners, the goal is simple: secure your next move while ensuring your current property is market-ready to achieve the best possible price.
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Behind the deal
Welcome to Behind the Deal. A new series where we hear from one of Bridgit’s experts on what’s happening in the industry to help you move faster. Meet Lucas Horne, our QLD State Manager. Read his observations and insights below.
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Bridgit joins Specialist Finance Group lending panel, expanding access to its market-leading bridging solutions
Leading fintech Bridgit today announced it has joined the Specialist Finance Group (SFG) lending panel, expanding its bridging loan solutions across SFG’s national broker network.
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Eligibility and approval is subject to standard credit assessment and not all amounts, term lengths or rates will be available to all applicants. Fees, terms and conditions apply.
1The Stay Rate will only apply if a repayment is made from the sale of Outgoing Properties (or another repayment method approved by us, at our discretion) and the repayment reduces the Amount You Owe to an amount that is equal to or less than your Residual Loan Balance.
^Comparison rate is calculated on a $150,000 secured loan over a 25-year term. For Upsizer loans, a Bridge Rate applies for the first 12 months, followed by a Stay Rate thereafter. For Downsizer loans, only the Bridge Rate applies. WARNING: This comparison rate is true only for the example provided and may not include all fees and charges. Different loan amounts, terms, or fee structures will result in different comparison rates. For interest-only periods, your loan balance does not reduce, meaning you may pay more interest over the life of the loan. Set-up fee from 0.60% and government charges apply.
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