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What is a Bridging Loan?

Bridging occurs when you need to purchase a new home but haven’t sold your existing home.  There will be a short (usually a maximum of 6 months) time when you own both homes.  Bridging loans aren’t usually allowed to exceed 80% over both homes (the banks can’t lend more than 80% of the value of both homes) but can sometimes exceed your income affordability if you have cash reserves.

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