BMM bridging loans allow you to purchase or build a new home before before selling an existing property.
BMM offer fixed rate options on almost all loan facilities, allowing borrowers to lock in an interest rate for a particular period of time, usually 1-5 years. Fixed rates offer an assurance that repayments will not change for the fixed period. If interest rates rise, the rate will remain the same however, if interest rates drop, a fixed loan will keep the borrower at a higher rate. Indicative fixed rates are available on application but cannot be confirmed until the day of settlement.
Inurance can sometimes be looked upon as a dirty word. However, it is one of those things that really can be a great friend when you need it! Certainly, insurances such as Income Protection, Life and Trauma Cover can be the difference between keeping or losing your home in the aftermath of illness or accident. We would be happy to arrange for a competent insurance professional to discuss your needs with you - please don't hesitate to contact us for further information.
BMM's Specialist suite loans suit PAYG borrowers or self-employed borrowers, with or without financials who don't meet the requirements of traditional lenders (banks and non-banks). For example, borrowers with adverse credit entries, borrowers with irregular employment patterns such as seasonal or contract work or borrowers requiring high LVR's who are recently self-employed or without adequate savings history. Companies and Trust borrowers are ok in most instances. BMM's Specialist suite loans are designed to deliver the maximum flexibility at the lowest possible interest rate.