Award-Winning Bridging Loan Brokers
Do you have your eye on your dream property but can't afford to buy it before selling your existing property first? Then, a bridging loan is the ideal solution. Whether growing your family or just seeking a more spacious lifestyle, our industry-qualified (FBAA), multi-award-winning brokers take the time to guide you through every stage of the bridging loan process to ensure you secure your new home without the financial worry and pressure of trying to sell your current property beforehand. We make even the most complex home loan lending simple so you can feel confident in upgrading your home.
Your Local Bridging Loan Experts in Melbourne
Bridging loans are short-term loans that can help you finance a new house purchase while you sell your current property.
We help you understand how to utilise the equity in your existing property to upgrade your home. In addition, we:
- Keep on top of the latest deals so we can secure the most competitive home loan that works for you now and in the long run.
- Have access to over 30 lenders with the ability to compare up to 600 home loans.
- Help you save time and stress by completing all the paperwork and simplifying the process.
- Answer all the tricky questions about using your equity, negative gearing and offset accounts so that you come out on top.
- Take away the burden of liaising with solicitors, conveyancers, real estate agents and lenders on your behalf.
Simplifying the Bridging Loan Process
The first decision you will need to make is whether to turn your current home into an investment and rent it out, or whether it's better to sell. There is no one-size-fits-all solution, so we explore the pros and cons of each option with you.
In some circumstances, it might be possible to upgrade your home without selling your current one. But what will it cost you to sell? Check out our selling cost calculator or get in touch with our mortgage broking experts today to discuss the best way to fund your home upgrade. Our services come at no cost to you, so what are you waiting for?
Why Choose Loanscope?
At Loanscope, you are not just a number on our books. We take the time to understand your situation and goals. We explore the scope of your financial situation and create a tailored home loan strategy with you so that you can make the right decision for your future and your circumstances. Not only will we help you understand the products, but we will also make sure you understand the process and the policies they come with. Speak to a Loanscope mortgage broker now.
We Make the Complex Simple
Is your loan situation complex? While this may be an issue for some mortgage brokers, it is rarely an issue for us. Finding solutions for multiple properties, trusts, companies, and SMSF loans are all part of our day-to-day work. In fact, we specialise in helping clients with complex financial scenarios. We help you get clear about the 'bigger picture' and help you achieve the specific outcomes you need. We offer you the most relevant options and help you implement your chosen solutions quickly and easily. Contact Loanscope today. We make the complex simple.
Experienced & Personalised
With over three decades of combined experience and expertise, Loanscope is the one of the most trusted names in Melbourne mortgage broking. We have access to hundreds of loan products that you can choose from, each one personalised to your individual circumstances. Whether you are investing for personal or business reasons, you’ll get access to the full market spectrum, not just an over-advertised, stock standard solution from the the big four. Choose Loanscope.
Equity Versus Savings for Buying a Home
The equity in your home is the current market value of the property, less what you owe on your existing mortgage. If the market value of your property has increased substantially or you've been making extra home loan repayments, you may have accumulated a tidy sum of equity to use as a deposit for your next home. Loanscope can advise you on how to use your equity wisely.
Alternatively, you may like to buy your next home using savings for a cash deposit. Remember, if you borrow more than 80% of the property value, you'll usually need Lenders Mortgage Insurance (LMI). Loanscope can arrange Deposit Guarantees for next-home buyers whose funds are tied up in investments or a property that's still on the market.
Cost-Effective Bridging Finance
The times are changing, especially when it comes to securing finance. Fees associated with buying and selling may be different from when you last bought a property, which is why it's crucial to seek the advice of a bridging home loan specialist.
Our mortgage broking experts here at Loanscope can help you remain informed, in control, and confident about your home loan decisions to ensure you select the best loan for your needs.
Our Home Loan Services
Loanscope works with more than 30 different lenders and compares over 600 home loans to find the right one for you and your needs.
Refinancing your home loan can save you money, and the refinance process is made easy with Loanscope.
Whether you're dipping your toes in the property investment water for the first time or have a substantial property portfolio, Loanscope can help.
Loanscope have specialist knowledge and can help with access to lenders who provide preferential treatment for doctors and medical professionals.
Loanscope are experts in securing optimal home loans for lawyers. We have access to lenders who provide highly competitive loans for legal professionals.
Loanscope makes buying your first home easy by getting rid of the complex and securing a competitive deal so you can move in sooner.
Renovation loans can be more difficult to set up than standard home loans unless you have Loanscope Mortgage Brokers in your corner.
We guide you through every stage of the bridging loan process to ensure you secure your new home without the pressure of trying to sell your current property beforehand.
Commercial loan structures can be complex. An experienced broker on your side can help secure a competitive deal.