Laura Cartmill, leading mortgage broker and Director of Calibre Loan Solutions, was recently interviewed by Forbes Australia about bridging loan strategies and solutions.
Laura Cartmill’s Expert Analysis on Bridging Loans
Recognised mortgage broker Laura Cartmill, Director of Calibre Loan Solutions, has shared her comprehensive insights on bridging loans in a recent Forbes Australia feature. Drawing from her extensive experience in property financing, Cartmill provided valuable guidance for property buyers considering bridging loan options.
“If you’re confident that your current property will sell quickly at a reasonable price, a bridging loan can provide flexibility,” Cartmill explained in her Forbes interview. “But if there’s uncertainty around the sale of your property or the market is slow, you might want to consider other options or ensure you have a solid exit strategy in place.”
Key Financial Insights from Laura Cartmill
In her Forbes feature, Laura Cartmill outlined several crucial factors that property buyers should consider when exploring bridging loans:
Equity Requirements Explained by Laura Cartmill
According to Cartmill, equity plays a vital role in bridging loan approval: “Most lenders require 20% to 30% equity in the property. If you have a larger amount of equity, you may be in a stronger position to secure a better bridging loan rate.”
Laura Cartmill’s Assessment Criteria Guide
Cartmill emphasised that lenders evaluate multiple factors:
- Current and projected financial position
- Income and expenditure analysis
- Credit history assessment
- Existing property’s potential sale value
Strategic Success Factors
Drawing from her expertise, Laura Cartmill highlighted three essential elements:
- Developing clear timeline strategies
- Securing signed contracts to enhance approval chances
- Utilising mortgage broker expertise for optimal outcomes
Expert Property Finance Guidance from Laura Cartmill
As Director of Calibre Loan Solutions, Laura Cartmill recommends considering these additional factors when exploring bridging loans:
- Market timing and condition analysis
- Alternative financing exploration
- Comprehensive equity position review
- Long-term financial impact assessment
Connect with Laura Cartmill
For personalised bridging loan advice or to explore your property financing options, contact Laura Cartmill and her experienced team at Calibre Loan Solutions. Schedule a consultation to discuss your specific requirements and financial goals.
As featured in Forbes Australia, November 2024
About Laura Cartmill: Laura Cartmill is the Director of Calibre Loan Solutions, a leading mortgage broking firm specialising in property finance solutions. With extensive experience in the Australian mortgage industry, Laura Cartmill provides expert guidance on bridging loans and various property financing options.
