Bridging Finance Funding
How much does bridging finance cost?
One of the most common questions first-time buyers ask is how much it will cost to buy a home. The answer can be complicated, but fortunately there are affordable ways for you to get a down payment together.
Bridging finance is a short-term loan. It allows you to bridge the gap between your existing credit line and what you can afford to borrow in order to pay off some debts, or make a home improvement project happen. The interest rate on this type of loan can be as high as 30 percent, but it usually sits around 10 percent.
How much does bridging finance cost?
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Property bridging is a way of selling your property and then using the money to purchase another property. This allows you to take advantage of the capital gains tax (CGT) exemption that applies when selling your first home.
How does bridging finance work?
What is Property Bridging Finance
