NEXT HOME BUYER LOANS
Looking to buy your next home?
Purchasing Options
There are numerous options available when it comes to purchasing your next home. Purchasing real estate can be an exciting experience! However, if you are selling and buying in the same market, timing, time constraints, and other factors can become tricky. Before we begin this process, we usually go over the pros and cons of each scenario to determine which structure will work best for you.
Bridging Loan
Skip moving twice! Apply for a Bridging Loan instead.
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Bridging Finance, also known as a Bridging Loan, is a short-term loan that finances the purchase of a new property while you are selling your existing property.
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A bridging home loan allows you to buy your new home while giving you up to 12 months to sell your old one. This, in turn, can alleviate the stress of attempting to buy and sell at the same time. Bridging loans can be more complex and difficult because they are conditional, so please allow extra time for financing and contact us before you begin shopping.
Buy/Sell in the same market!
If you happen to buy and sell at the same time, we may be able to arrange settlement on the same day. We can simply transfer the equity from one to the other in this scenario.
Sell First Purchase Later!
If you want to know exactly how much money you will have available for your next purchase after you sell, this could be the option for you.