Bridging Loans
At Luxe Finance Group, we're expert Mortgage Brokers helping clients Australia-wide bridge the gap between buying and selling with a Bridging Loan
Rated 5 from 37 Reviews
At Luxe Finance Group, we're expert Mortgage Brokers helping clients Australia-wide bridge the gap between buying and selling with a Bridging Loan
Rated 5 from 37 Reviews
Bridging loans offer a crucial financial solution when you're caught in the middle of buying a new home and selling your old one. It's a common dilemma: should you buy your next home before selling your current one, or vice versa? Bridging loans bridge this gap, allowing you to purchase your new property while awaiting the sale of your previous home. However, navigating the nuances of bridging loans, from the application process to interest rates, can be challenging. That's where Luxe Finance Group comes into play.
Opting for Luxe Finance Group for your bridging loan needs is a smart choice for several reasons. Our experienced mortgage brokers have access to a plethora of bridging loan options from banks and lenders across Australia, tailoring a solution that fits your unique financial situation. Whether it's about securing a competitive interest rate, understanding lenders' mortgage insurance (LMI), or finding a loan with favourable terms according to your credit history and Loan to Value Ratio (LVR), we've got you covered.
Applying for a bridging loan with Luxe Finance Group is streamlined and straightforward. Our application process involves assessing your borrowing capacity, considering both your current financial obligations and the prospective expense of your new home. We'll guide you through providing necessary documents, like bank statements, to ensure a smooth experience. Whether you're looking for a variable interest rate that fluctuates with the market, a fixed interest rate that offers stability over the loan term, or seeking to calculate your bridging loan repayments, our experts are here to assist.
Bridging loans are typically short-term loans, spanning 6 to 12 months if you're selling an existing property, or up to 12 months if you're waiting on a new property to be built. When discussing your bridging loan, it's essential to understand concepts like Peak Debt, which combines the balance of your existing mortgage with the contract purchase price of your new home, and End Debt, which equates to the Peak Debt minus the expected proceeds from selling your existing home. Interest Capitalisation means that the interest charges on your bridging loan can be added to your overall loan balance, reducing immediate out-of-pocket expenses during the transition period.
Choosing Luxe Finance Group means benefiting from a diverse range of bridging loan options, interest rate discounts, and a hassle-free application process designed to secure your new home with confidence. Whether it’s a home loan or an investment loan, considering the local property market dynamics, or figuring out if you should buy or sell first, our team is dedicated to helping you make informed, strategic decisions to align with your short and long-term financial goals.
JG
Jozef Grech
Jay was friendly, efficient and knowledgable. He went the extra mile to ensure my loan was approved in a timely manner. Would 100% recommend!
AS
Ancela Suparno
Jay helped me to find finance options to my construction loan. His professional knowledge is very impressive. I highly recommend him to anyone in need of a mortgage broker with best service.
SB
Shawn Baker
Jay is incredibly knowledgeable, always available to answer my questions, and explains everything in detail. ...
Luxe Finance Group is 100% privately owned, ensuring a personalised and independent approach to your financial needs. We are a credit representative of Connective Credit Services Pty Ltd ABN 51 143 651 496, allowing us the flexibility to focus solely on delivering exceptional service to our clients.
Of course! We believe that we can find the best interest rate for you to refinance your home loan or investment loan.
Of course, we work closely with the more than 30 different banks and lenders. A number of these lenders have specialised expat investment and purchase policies. Reach out to enable us to understand your situation we will be able to structure it to the most suited lender.
We take look at a wide range of loan options available from Banks, Credit Unions & other lenders across the country. This means we can search thousands of loan products and make sure we're always recommending the best home loan, investment loan and other types of loans for our clients.
Yes, Luxe Finance Group we have helped many first home buyers purchase their first home with a bespoke home loan. We provide personalised guidance and tailored solutions making sure you able to properly apply for the relevant state and federal government first home buyer schemes.
Absolutely, Luxe Finance Group is your go-to for both home loans and investment loans. Our expert mortgage brokers are committed to securing the most advantageous loan options for your unique situation.
We can help with Home and Investment Loans, Construction Loans, Car Loans, Personal Loans and much more. If you're looking to borrow to buy something, we can probably help.
Absolutely, all Luxe Finance Group mortgage brokers are fully licensed and accredited professionals. Your financial well-being is our top priority, and our team adheres to the highest industry standards.
Mortgage Brokers are there to help you find the right loan options whether it be from the major banks, smaller lenders or other sources. We have a broad range of loan products (more than any single lender can offer) which means we can do all the legwork to find the right loan for you.
Transparency is key at Luxe Finance Group. Our commitment is to provide clear and honest financial guidance throughout the lending process. It’s worth nothing that because the commission is paid by the bank our fees come out of the proceeds that the bank receives from you. These fees/commissions are paid on settlement by the banks and clearly outlined in our initial credit guide.
Certainly, Luxe Finance Group understands the needs of self-employed individuals. We have tailored self employed loan options to assist self-employed borrowers in navigating the complexities of the mortgage process (we actually prefer these).
Luxe Finance Group Pty Ltd ABN: 52660091690. Credit Representative #541795 is authorised under Australian Credit License #389328.
Disclaimer: This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.
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