Understanding Bridging Loans in Australia: A Smart Financial Tool with Archer Wealth
In today’s fast-paced property market, timing is everything. Whether you are purchasing a new property before selling your current one, or you need short-term funding for a business or investment opportunity, a bridging loan can be the perfect solution. At Archer Wealth, we help clients navigate the complexities of bridging finance so they can take advantage of opportunities without being held back by temporary cash flow issues. What is a Bridging Loan? A bridging loan is a short-term financing option designed to “bridge the gap” between two major financial transactions. For example, many homeowners in Australia use bridging loans to buy a new property before they sell their existing one. This ensures they don’t miss out on their dream home just because their current property has not yet been sold. Unlike traditional mortgages, bridging finance is meant to be temporary, typically lasting from a few weeks up to 12 months. Once the borrower secures funds thr...