Frequently Asked Questions (FAQ)

Are there any special eligibility criteria for short-term home loans?

Yes, there are special eligibility criteria for short term home loans with Bridgit. The main factors considered include your credit score, income, employment history, and property value. Bridgit manages to set itself apart by focusing particularly on property equity and the individual borrower’s situation. Bridgit focuses on bridging loans, ensuring a unique experience is provided when securing funds for your new home while your current one is still on the market.

Our ethos is deeply rooted in understanding the customer’s unique financial needs. Our eligibility criteria are designed to resonate with the varied financial situations of those looking for short term home loans Australia-wide, specifically bridging loans.

We revolutionise the lending process with advanced technology, creating a streamlined and customer-friendly experience. Our efficient system enables a quick application process, taking just five to ten minutes, coupled with a twenty-four-hour approval turnaround. This agility extends to the settlement phase, which can be completed in as little as a few days, significantly accelerating the journey to homeownership.

How do short-term home loans differ from long-term home loans?

Short term home loans differ from long-term home loans in a few key aspects. Bridgit’s short term quick residential loans have a term of up to 6 months and are designed to support a homeowner buying their next dream home. They support homeowners who are transitioning between properties and need a financial solution to buy now and sell later.

In contrast, long-term home loans often have terms extending over thirty years or more. They come with variable or fixed interest rates. The extended duration means that borrowers will generally pay more in total interest over the life of the short term property loan.

Bridgit specialises in providing short term home loans Australia-wide, offering fast and simple services tailored to the needs of homeowners in the midst of property transitions. This specialisation in short term lending allows us to offer a unique service that stands out in the home loan market.

What are the advantages of opting for a short-term home loan?

Opting for a short term home loan with Bridgit offers unique advantages, distinguishing it from traditional loan options. While Bridgit specialises in bridging loans, a type of short term property loans in Australia, one of the advantages is the initial interest-free period, a feature not commonly found with other mortgage lenders. This, combined with the absence of monthly repayments, makes it a great choice to support short term needs.

Our process significantly reduces the financial strain often associated with moving homes. Enabling homeowners to move into their new property sooner helps save on temporary living and storage costs, which is a practical advantage for those transitioning between homes.

Another key benefit is the elimination of double mortgages. Bridgit takes on the responsibility of paying the existing mortgage, relieving customers of the burden of managing two mortgages simultaneously. This not only simplifies the financial aspects of moving, but also provides peace of mind during what can be a stressful transition period.

These features underscore Bridgit’s commitment to providing flexible, borrower-friendly short term property finance tailored to the unique needs of homeowners looking up ‘Short term home loans Australia’ online.

Bridging the Gap in Homeownership with Bridgit

Bridgit provides homeowners the opportunity to leverage their property equity and buy before they sell, redefining the pathway to homeownership. Born out of a need for better, faster, short term mortgage options, Bridgit offers alternative home loan options that empower Australians to leverage their home equity without the pressure of selling first.

Our approach is ‘tech first’, streamlining the short term lending process with quick approval and a focus on customer needs. As specialists in bridging loans, we provide accessible short property loans solutions, allowing homeowners to progress in life on their terms.

Our technology not only accelerates the home financing process but also lightens the load, ensuring you can focus on finding the perfect property instead of spending hours looking for short term home loans Australia-wide.

Bridgit stands out in the market, offering a short term loan against property that is tailored, efficient, and designed with the modern Australian homeowner in mind.

Apply for a loan with Bridgit today and enjoy our short term home loans Australia-wide!