In the fast-paced world of real estate, timing can make all the difference. For one homeowner, navigating the lengthy process of securing a loan meant risking the loss of her dream home.
According to the latest Broker Pulse survey, the average time it takes lenders to make crucial decisions in the mortgage approval process is significant - 4.2 business days for initial credit decisions, and 17.2 days for unconditional approval. For many, these timelines are more than just numbers - they represent missed opportunities.
When this homeowner found herself in need of an urgent solution to unlock her property equity and purchase her dream home, her broker turned to us. Within less than 24 hours, we provided conditional approval and expedited the settlement process, enabling her to confidently move forward with her purchase while allowing ample time to sell her existing property.
Let’s take a closer look at the loan:
We’re thrilled we could help another homeowner secure the perfect home, and we’re happy to report that she’s loving her lifestyle change - “I can clean this place in like half an hour”.
Have a client that you think will benefit from our solution? Schedule a call today and workshop a scenario with one of our specialists.
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Australian fintech Bridgit has set its sights on transforming bridging loans, offering speed through technology where others have exited the niche asset class.
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At Bridgit, we’re dedicated to helping our brokers and their clients navigate property transactions smoothly. Meet Arthur, a recent Bridgit customer who wanted to move from the Melbourne city to the countryside. Read more about how we made this Aussie homeowner’s dream move possible.
In the fast-paced world of real estate, timing can make all the difference. For one homeowner, navigating the usually lengthy process of securing a loan meant risking the loss of her dream home. Read more about how we helped this homeowner secure her next home to better suit her lifestyle - “I can clean this place in like half an hour!”
