Free Mortgage Assessment. Hurry Up!!!
Free Mortgage Assessment. Hurry Up!!!
Found your dream home, but haven’t sold your old one yet? Our bridging home loan solution can help you move forward with confidence. Whether you’re a homeowner upgrading to a new property or looking for an investment opportunity, Nice Loans can help you find the right bridging finance.
A Bridging Loan is a short-term loan option that helps in closing the financial gap between purchasing a new property and settling the sale of your existing one. In a bridging loan, you have the time and flexibility to plan ahead instead of missing out or selling under pressure. In Australia, bridging loans typically run for up to 12 months, giving you a realistic window to sell your current property while also securing your next one.
Bridging loans give you the freedom to act when it matters the most. You can purchase your new home before selling your existing one, with the loan swiftly secured against both properties. Once your current home is sold, the loan is repaid either fully or partially.
With Nice Loans, Bridging loans don’t have to be complicated. Here’s what you’ll get:
We know that every borrower's situation is different. That's why we compare a wide range of lenders to find you the best loan option. Here are some of the loan options we can help you with.
Best for the homeowners who have already exchanged contracts. As the sale is guaranteed, lenders consider it as lower risk and offer more competitive rates & smoother approval process.
Best for buyers who haven't found a buyer for their current property. Open bridging loans offer greater flexibility with terms but slightly higher rates due to added uncertainty.
During the bridging period, you only have to pay the interest on your loan rather than paying down the principal. This will keep your monthly obligations lower while you manage two properties & waiting to settle existing one.
The interest rate during the bridging period moves with the market. This can work in your favour if the rates remain stable or fall during the period. Also, it comes with flexible repayment features.
The interest rate during the bridging period remains locked in. This helps in making budget more predictable as it provides certainty during what can already be an uncertain time.
This kind of loan allow investors to capitalise on time sensitive opportunities where you need to act fast on a new acquisition without waiting on the sale or refinancing of an existing property.
Bridging loans are an excellent solution for the right situation. However, they come with specific terms & conditions. Here's a clear breakdown of the pros and cons:
Disclaimer: Loan suitability depends on individual financial circumstances, lender policies, and long-term property plans.
Make smarter decisions with our tools designed to simplify complex numbers.
Our mission is simple. We make home loans easy, clear, and stress-free for you.
We compare rates from a wide range of lenders to find the best loan for your situation.
We provide you full guidance from very start to settlement. We handle all the paperwork, negotitation, and support you at every stage.
We believe in client first approach. Your goals always come first. Our goal is to build a long-term relationship, not just one-off transactions.
We take away the stress for you by handling all paperwork, document preparation, bank submissions, negotiations, pre-approvals and full approval.
We are overwhelmed with our clients' overwhelming positive reviews and feedback.
We are here to help with your queries. Call us today 07 3114 2281 and get started with your home owning journey.
Book an appointment and get a free consultation with the most trusted mortgage broker in Brisbane.
Here are some frequently asked questions by our clients. If you have any specific questions, please don't hesitate to contact us.
A bridging loan is a short-term loan option that can help you purchase a new property before you sell your existing one. It bridges the financial gap between the two transactions giving you time to sell avoiding rush or compromise.
In Australia, most bridging loans have a maximum term of 12 months. This offers time to prepare your current property for sale, find a buyer, and settle. No need to make rushed decisions.
Peak debt refers to the total loan balance during the bridging period which is your existing mortgage if any plus the new bridging loan. And once your existing property sells, your ongoing loan balance will reduce down, also known as your ‘end debt’.
An open bridging loan is used when your existing property hasn’t yet been sold while a closed bridging loan is used when you’ve already exchanged contracts on your existing property and confirmed settlement date. A closed bridging loan is considered lower risk by lenders while open bridging loan comes with more flexibility but also come with slightly higher rates.
Most bridging loans are structured as interest only during the bridging period which means that your repayments are lower while you hold two properties. Some lenders also offer you capitalise interest so that no repayments necessary until the loan is repaid from your property sale.
The amount you can borrow with bridging loan depends on the lender, your equity, and your ability to service the peak debt. Most lenders will assess your borrowing capacity based on both the existing loan & the new one combined. Also, lenders typically require at least 20% equity in your current property.
