Selling your home and moving to a new one in the same timeframe can be a tricky business. An option that can overcome this issue is a bridging loan. A bridging loan is a short-term loan that can tide you over between transactions if you've found your new dream home, but have yet to sell or settle on your old one. Alternatively is can be used if you're looking to build while continuing to live in your old place until your new dwelling is complete.
By using this home loan, you are able to spend as much time as you desire to find a new place once your old one is under contract. You will not have to face the expense and disruption of going into rental accommodation while you are looking for your new dream house.
Bridging finance can eliminate the need to sell your home in a hurry, and make the business of trying to coordinate settlement dates less stressful by providing more time to get things sorted.
Contact us for more information on bridging home loans.