Buying your first home is a great feeling – but what about when you want to upsize or even downsize to another property? Many people find all of their cash for a down payment is tied into the equity of their existing home.
This poses the problem when you find your next dream home and are unable to make a down payment because you have to wait for your current home to settle to secure the funds you need. Often people feel they have been locked into a catch 22 situation. There is a solution to this problem commonly known as bridging finance.… Read the rest