Bridging Home Loan Wollongong
Welcome to Wollongong's Bridging Home Loan
experts.
SimpleFin are Wollongong Bridging Home Loan experts, helping locals across all of wider Illawarra get stress-free loans. Simply get in touch to discuss your Bridging Home Loan goals.
We had a great experience with Greg from SimpleFin regarding what to do with our home loan, the funds we had in offset and how we could look to invest for our future. We would have set our home loans up all wrong if it wasn't for Greg. Highly recommend working with him, it was great!." ⭐⭐⭐⭐⭐
Bridging Home Loan Mortgage Brokers that care
We help you find better Bridging Home Loan options.
Your first home or your fifth, SimpleFin help make Wollongong home loans and financing simple. With access to 60+ leading lenders, no pushy sales, no confusing lingo, just local finance experts that find real options that works for you.
Greg began his broking career in 2014 at a boutique mortgage brokerage on Sydney’s Northern Beaches, quickly mastering the ever-changing lending landscape. In 2016, he joined NAB as an in-house mortgage broker, working with MLC (now IOOF/Insignia) Financial Planners, where his strong relationships and client-first approach led to rapid success.
From 2017 to 2024, Greg held key roles at PLAN, Choice, FAST, and Loan Market, ultimately serving as State Manager under Loan Market’s new private ownership.
Now, as a proud Wollongong local with a young family, Greg is dedicated to helping Wollongong locals achieve their financial dreams through home ownership and wealth creation.
1. Local Bridging Home Loan experts.
Every question you have, no matter how big or small, gets a straight answer from the same person every time. You’ll always know exactly where you & your loan stands.
2. Jargon-free advice.
Home loans come wrapped in language most people don't use. LVR, LMI, comparison rates, serviceability. We cut through the noise and explain everything simply & practically.
3. More lender choice.
With 60+ lenders on our panel, we compare options and negotiate on behalf of our Bridging Home Loan clients, so they can see how their loan stacks up.
We compare 60+ lenders to find a Bridging Home Loan solution that works for you.
We work with Australia’s leading banks and non-bank lenders, giving you more options and loans tailored to your exact needs. No bias, just what works best for you.
WOLLONGONG MORTGAGE BROKER REViews
“We couldn’t be happier with the service we received from Greg at SimpleFin. We went to him with quite a complicated financial arrangement, and he made the whole process feel so much easier and more manageable. He was incredibly helpful and genuinely cared about getting the best outcome for us. We’re so grateful for his guidance and highly recommend him to anyone. Thanks again Greg!"
Annelie Watt
June 2026
★★★★★
Contact our Bridging Home Loan expertS
Chat to our Bridging Home Loan experts today.
We've been helping Wollongong home buyers, investors and families since 2014, with Bridging Home Loan
advice that works for you - not the bank.
Get in touch.
We'll reply the same way you contacted me, unless you say otherwise.
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FAQs.
A Wollongong Bridging Home Loan
should be simple, transparent and tailored to you. Here are some questions we're asked, with no jargon.
How does a bridging loan work?
A bridging loan is short term finance that covers the gap between buying your next home and selling your current one. The lender combines both debts into a single facility, known as peak debt, which you draw on until the existing property sells.
During the bridging period most lenders capitalise the interest, meaning it is added to the loan rather than paid monthly, so you avoid carrying two full repayments at once. Once your existing home sells, the proceeds reduce the balance down to the end debt on your new home, which then reverts to a standard principal and interest home loan.
Do I need to sell my current home first?
No. Bridging finance exists specifically for buyers who need to secure a new property before their current one has sold, which is common in tightly held Illawarra suburbs like Thirroul, Austinmer and Figtree where the right home rarely comes up.
Closed bridging applies when you have already exchanged on the sale of your existing home and have a settlement date, which lenders prefer. Open bridging applies when your current home is not yet under contract, and carries tighter terms because the lender cannot be certain when it will sell or for how much.
How much can I borrow and what deposit do I need?
Bridging capacity is driven by the equity in your existing property and the value of the one you are buying. The lender calculates peak debt as your current balance plus the new purchase price and costs, then checks that the end debt, once your home sells, sits within normal serviceability and loan to value limits.
Most lenders want the end debt at or below 80% of the new property's value to avoid Lenders Mortgage Insurance. Because Illawarra values move at different rates between suburbs, an accurate appraisal of your existing home is the first step, and we can order upfront valuations before you commit.
What happens if my home takes longer to sell?
This is the main risk in any bridging arrangement. While your existing home is unsold, interest continues to capitalise against the peak debt, so the longer the sale takes, the more the total debt grows.
If the property has not sold by the end of the bridging term, an extension may be available but is not guaranteed. To manage the risk, price your existing home realistically, have it on the market before you settle on the new one, and keep a cash buffer aside. We build a conservative sale assumption into your plan rather than the best case figure.