A Bridge to Tomorrow: A Quick Loan for Your Current Mortgage Goals
MOVING & BRIDGING
Your Path to Property Success: Overcoming Financial Obstacles with Moving and Bridging Loans
Reach your Property Goals with Moving and Bridging Loans
Bridging loans are quick, flexible, and offer short-term funding choices with terms of a year or less. Homeowners in Christchurch can use them. This plan for money can help pay for short-term costs until a longer-term loan is found or until other funds, like those from selling a house, are available.
When you compare the risks of missing out on your dream home to the benefits of getting a bridge loan, it's easy to see why the former is more important. Most of the time, the big benefits of bridge loans outweigh the costs, even when there are costs involved.
There may be times when you shouldn't wait for your present home to sell before buying the perfect one. This is especially true if you want to move, downsize, or upgrade. If there aren't many homes for sale in Christchurch or if the market is very competitive, homes may be snapped up before you can sell yours.
Please allow us to put you in touch with an experienced mortgage broker so that you can take advantage of a better mortgage chance. Moving and bridge loans can be hard to understand on your own, but with their help, you can get through the process and make smart choices that are right for you.
Let Laura find the lender that works best for you
Advantages and Benefits of Bridging Loans and Moving Loans
You can acquire a short-term loan known as a bridging loan or a relocation loan to assist you in buying a house before you sell your current one. Borrowers are required to put up collateral, such as their home, in order to secure a secured loan, such as a bridge loan. An additional benefit of a bridging loan is that the funds could be available to you quickly. Because a high-value asset, usually a residence, is pledged as collateral for a bridging loan, the lender takes on less risk and you can borrow more money.
Fortunately, mortgage brokers can assist you in obtaining the loan that you require, be it to cover the shortfall or to finance your relocation. Contact a seasoned mortgage broker in Christchurch right now if you need their assistance!
Quick Actions, Strategic Decisions
Bridging and moving loans are lifesavers in many cases where fast cash isn't a possibility.
Because of this, bridging loans are a typical method for covering house-related expenses including a down payment and building charges while a mortgage is being processed. A relocation loan, on the other hand, can be useful if you're short on cash during your house hunt.
You should prepare thoroughly and have a plan to repay the bridging loan or relocation loan in full and on time before asking for one. One possible resource for this is a mortgage broker.
We are aware that a bridging loan or a moving loan can be the key to solving your troubles. A seasoned mortgage broker, nevertheless, would be the best person to ask for advice. We have connections in Christchurch who can help you find one. Get in touch with us!
FAQs - Moving & Bridging
To begin with, what are bridging loans and how do they work?
When one property sale falls short of funding the purchase of another, a bridging loan might help cover the shortfall. Until a more permanent solution, such as the sale of a property, is realized, they offer short-term funding, usually for 12 months or less, to enable people or businesses get the necessary funds.
In comparison to more conventional forms of financing, what exactly is a moving loan?
The expenses connected with relocating might be adequately covered by a moving loan, a type of specialized loan. A moving loan, in contrast to a regular loan, will consider all of the costs associated with the move, including packing, transportation, and lodging. Their adaptable service can alleviate some of the stress associated with moving.
When I need a loan, how can I know which one is best for a bridge or a relocation?
It is important to consider the interest rate, loan conditions, and costs when choosing a bridging loan. You must ensure that the loan is tailored to your individual financial objectives and current situation. To achieve your property-related goals with the help of a bridging loan that fits your circumstances, it is a good idea to consult with a mortgage broker. They can offer helpful insights and advice.
Christchurch Mortgage Broker Services
Beyond Transactions, Building Homes: Go for Expert Mortgage Services
FIRST HOME MORTGAGE
Buying a home is thrilling. However, it can be intimidating. Listen to Laura and don't allow anything stop you from pursuing first home.
Re-Mortgaging
If your circumstances has changed or a fixed rate agreement has expired, explore your options with mortgage expert.
Debt Consolidation
Pay off your loans more quickly by combining them. When you achieve financial independence, you open the door to all of your dreams.
New Build Finance
Building a new house? You can save more money by securing new construction financing and only taking out the money when it's really needed.
Investment Purchase
Want to add more properties to your portfolio? In Christchurch, we can help you find a Mortgage Broker to get the lowest rates on properties.
Moving & Bridging
If you're in a bind and need to buy something before you can sell it, or if you need funding, we can help. A bridging loan can be the best option for you.
EQUITY RELEASE
Stay and live in your home while you release money from it. Have fun in retirement and find out how Equity Release can assist you.
ASSET FINANCE
If you're a business owner in need of capital for work expansion, or asset financing to purchase machinery or tools, we can help.
Why go for ‘Mortgage Broker Christchurch’?
Get the mortgage expertise you need from Laura Cates.
Laura is a Christchurch loan expert who can diligently get you the best possible outcome on your mortgage application.
Laura has ties with Mortgage Lab which has a strong industry network of trusted NZ lenders
Enjoy easy and stress-free online application filling and submission is also an option, as is meeting in person, by phone, or through Zoom.
No matter your financial circumstance, Laura can help up your chances by connecting you with over 26 lenders.
The home ownership is always a coveted dream. But many people don't think about their budgets while applying for loans. Having said that, a long-term mortgage requires monthly payments. Rest assured, Laura is at your service to help you make sure your debt is manageable and sustainable moving forward.
Select a Christchurch Mortgage Broker that places your goals ahead of the banks.
Explore 'Whole of Market' lending
Take a close look at multiple banks instead than just one
Increase their access to potential lenders through their connections
A mortgage expert is multitasking extraordinaire! They can evaluate current insurance policies all at once
Get free mortgage advice to help you succeed
The bank will cover the fees, so you won't have to worry about them
You can save money on interest payments by remortgaging today
If you let your mortgage professional discover the right financing partner for you, you can get the greatest prices
Reduce the length of time you pay your mortgage, freeing up more money to enjoy
Lower your financial load and free up more mental space to pursue your passions
Testimonials
FAQs
What is a Home Loan?
When you get a Home Loan from a bank, you can buy a property and pay it back over a set period of time. Loans in New Zealand usually have a duration of 20-30 years. If payments are not made, the bank may sell or take possession of the property. Bank financing is a popular choice among New Zealand homeowners who want to turn their housing dreams into reality.
What are the benefits of working with a mortgage broker in Christchurch, like Laura Cates, as opposed to going straight to the bank?
It can't be said enough, banks no longer provide the personalised service we once had come to anticipate. If you want to reestablish that personal connection with someone who truly cares about you and wants to see you succeed, hiring a Christchurch mortgage broker to act as your advocate is the way to go. Laura is a trusted mortgage broker in Christchurch, so she can find you the best deal possible by comparing policies, rates, and the appetites of different banks based on your unique scenario.
How much will mortgage brokers cost me in fees?
Most of the time, brokers don't ask for money. When you pay off your loan, the banks will give them a fee. You don't have to pay this commission. Instead, banks see it as part of the cost of getting a new customer, and it could come from their marketing or hiring budget, among other places.
A mortgage broker will work for free and not charge you for their time. But sometimes you may need a private or non-bank loan. If that's the case, the lender may charge you more for our service. We won't do anything without your full permission and understanding, and if your situation is likely to fit this group, we will talk about it with you in detail ahead of time.
What about Home Loans for first-time home owners here in Christchurch?
Buying your first home can be a daunting experience. Sometimes it makes all the difference to have someone walking you through the process, offering expert advice and support. Its not just a financial journey, its also an emotional one! A huge number of our clients are first home buyers, and we welcome the opportunity to support you on your home ownership journey.
What about Investment Purchase / Top Up Existing Borrowing?
A good mortgage broker will find the best choice for you, whether you want to buy an investment property, make improvements to your home, or get a second mortgage. You can easily get through this process with Laura's help. You can choose to save money while paying off bills or make an investment property do well. Please don't be shy about getting in touch; Laura is ready to help you right away.
Building your ideal house in the Christchurch district? Apply for New build Lending today!
Now is the perfect time to own the home of your dreams in Christchurch, thanks to the continuous development boom. Problems with delays, shortages, or changes in prices are just a few of the possible obstacles that could affect your application. A professional mortgage broker in Christchurch, such as Laura, can keep you apprised of these developments for a more streamlined lending procedure.
Is Re-Mortgaging or Fixed-Rate Rollovers an option?
Interest rates change throughout time due to changes in the financial market. When rates are about to change, it's a good time to talk to a mortgage broker. Is the service you receive from your bank sufficient? Are there any other loan options available? A substantial monetary contribution may be possible if you relocate your company. To make sure your financial plan is always optimised, Laura can assist you in exploring ways to save costs or change loan terms with little adjustments.
Where Dreams Find Homes: Your Journey Begins with Our Tailored Christchurch Mortgage Services
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