They're completely different products solving completely different problems. Here's the side-by-side so you can choose with confidence.
| Feature | Bridging Finance | Traditional Mortgage |
|---|---|---|
| Term | 1–24 months | 20–30 years |
| Approval time | 24–48 hours | 2–6 weeks |
| Typical rate | 0.8–1.5% / month | 5–7% p.a. |
| Repayments | Interest-only or capitalised | Principal & interest |
| Security | Existing &/or new property | Purchased property |
| Exit | Sale of property or refinance | Full amortisation |
| Best for | Timing gaps, auctions, fast settlement | Long-term property ownership |