Timing is often a challenge when it comes to buying a new home and selling an existing one. In a perfect world, both transactions would happen simultaneously. In reality though, you could end up owning two properties while you sell your existing home. That’s where bridging finance comes in.
Topics: Retirement, Mortgages, NZ Finance, Bridging Finance, Home Loan, reverse mortgage, Mortgage Debt
A number of banks are tightening up on lending in the wake of a cooling property market, with lenders more reluctant now than ever to do bridging finance. And could those holiday snaps actually make your insurance more expensive? Find out more in this month’s finance article.
Topics: Finance Update, Mortgages, NZ Finance, Bridging Finance
If you’re looking to buy a new home but you still need to sell your existing home, you may need bridging finance. Bridging finance helps fund the purchase of your new home before your existing home has been sold, which means you don’t miss out on buying your dream home by having to wait until you’ve sold your existing home. Read on to find out more about the benefits and risks of bridging finance.
Topics: Buy a Home, Home Buyers, Bridging Finance
