Buying and Selling your home can be very stressful as there are many factors to consider such as :
- Is the current property sold and what are the settlement terms?
- How can I the deposit paid on my sale
- How can I raise a deposit on the property I have just purchased ?
Normally, the client would approach their current bank to discuss Bridging Finance to meet the purchase of the new property, pending receipt of the sale proceeds of the sold property. This process would involve a loan application and other documentation to be provided to their bank, and then subject to normal credit assessment both of which may take considerable time.
A Bridging Loan is a small step for the client in order to achieve their next home loan. Flakus and Associates has specialist lenders who provide Bridging Finance with minimal documentation.
Contact Paul on 0417 567 747 if you are contemplating buying and selling and wish to utilize Bridging Finance.
Tags: bridging funding
