Tag Archives | Bridging Finance

Bridging finance is term used to explain short-term finance to “bridge” a gap when a bank will not provide a standard mortgage. Often this is to provide finance when you have purchased a new house but have not yet sold or been paid for the existing house.

Short Term Bridging Finance Loans Can Help

Over the past 20+ years as a mortgage adviser I’ve seen plenty of times where short term bridging finance loans have helped people manage their way through some difficult times, and this way have managed to get into a lot better long-term financial position. You may have heard the saying “short term paid for long
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Don’t Accept High Bridging Finance Interest Rates

People tend to accept that bridging finance interest rates will be high, but it’s important to realise that not all bridging loans are the same. In New Zealand there are a number of banks and finance companies that can offer bridging finance, but you need to know where to go to get the best options
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There Are More Bridging Loan Options

When you want to buy a new home before selling your existing home you may approach your bank for a loan to cover the period between buying and selling. This is known as bridging finance as it “bridges the gap” which is expected to be short term. Unfortunately your bank is unlikely to approve a
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Mortgage Broker Explains How Bridging Finance Works

As a mortgage broker I often get asked for bridging finance but those asking often do not understand what bridging finance is, so I decided to write this blog post to help explain how bridging finance works and when it is an option that brokers may use. The most common purpose for a bridging loan is
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Debt Consolidation Saves Money For Hawkes Bay Couple

Having been recognised as a specialist non bank broker I now get contacted from people all over New Zealand looking for help to tidy up their finances. This week it was a couple from Hawkes Bay that needed some help. They had a mortgage with a credit union but also had a lot of short-term
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Aaron’s Successful Mortgage Rescue Story

Last week I was contacted by a very concerned man who needed a mortgage rescue. He left his job last year and set up his own business and while things have been ticking along quite well, a few months ago he had done a large job, was paid the 50% deposit but is still waiting
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Non Bank Broker