...solving your
mortgage
problems...
...creating
opportunities
to build a
property
nest egg...
...retire on a
tax free
income...
...release money
from equity
for emergencies
or personal
luxury...
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Bridging Finance
Seen the best deal around, but would have to sell your home to get into it?
Particularly in a heated market, the opportunity of a lifetime can be missed by a mere hour, let alone the restriction of having to sell before you buy another property.
Ever been to an auction that has sold way below your expectation, and said "if only I had sold my place first".
When selling an existing home to purchase a new home, two loans are set up. However, minimum payments are made on the existing loan, with the new loan interest capitalising for a maximum of 6 months (then principal and interest is required). Servicing is based on the repayment that will be required once the existing home is sold.
Can you see some opportunities here -- for thinking outside the square???
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