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A bridging loan is a temporary loan which bridges the gap between the sales price of a new home and a home buyer’s mortgage. It can be applied for if the home buyer’s existing property has not been sold yet.
Bridging loans provide short-term home finance and are approved on the basis the home owner will be selling their existing property shortly after the purchase of a new property. Heritage offers its customers a maximum loan term of six months, with no regular repayments necessary and no monthly administration fees.To find out whether a bridging loan could be for you, visit your local branch or phone our Queensland based Contact Centre on 13 14 22.