Acquired Home Loans

Loan Types

Bridging Loan

This type of loan has come a long way. If you have your home up for sale – and you find the home of your dreams – this loan can really help you. It used to be seen an expensive option, but the Bridging loan has come a long way with a lot of enhancements.

This is how it works. The lender advances the money so you can buy your new home. Depending on the equity in your current home you may be able to include the fees. The interest charged to your loan can be paid by you or capitalized. Capitalized means it gets added to the loan.

When your original property is sold, the proceeds are deposited to the new loan. The balance owing becomes your final loan amount and you start making normal repayments.

Benefits

  • You can buy or build your new home before you sell your existing home
  • You can avoid moving into a rental property and move directly into your new home


Pitfalls

  • Interest is charged on the full amount of the new loan (opening loan)
  • If you don’t sell your existing home in due course (normally 6 -12 months), the interest bill adds up
  • It may force you to selling your existing home at a price lower than you wanted.
“My brother and I purchased an investment property from Acquired Properties after being recommended by a friend. Their research, customer service and professionalism made the process simple and easy. We wouldn’t hesitate buying through them again.”

Justin Furno
"Initially I was unsure of how to build a property investment portfolio, however Acquired Properties were helpful, approachable and listened to my concerns; explaining everything in simple terms. I knew I couldn’t do it by myself so I’m thankful that I chose Acquired Properties to help me through the process."

Evon Kong
“Acquired Properties made a great impression with their expertise and knowledge of property investment. Their industry knowledge and professionalism are just some of the reasons why I chose them to help expand, and look after my property portfolio. I can now look forward to the future knowing that Acquired are with me every step of the way.”

Paola Astudillo
"I highly recommend Acquired Properties for all your investment needs. They are true professionals with outstanding business acumen and integrity.”

Richard Narria

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