WANT TO UPSIZE OR RELOCATE?
Not every home is your ‘forever home’ but the process to upgrade can be tricky.
Most of the time, homeowners sell first, then buy. However, sometimes that perfect house becomes available before you have sold – meaning purchasing first might suit you better.
This is where a bridging loan comes in. This short-term loan can help you finance the purchase of a new property while you’re still in the process of selling your current home, without forcing you to pay two full mortgages.
BRIDGING FINANCE DOESN’T HAVE TO BE CONFUSING
Whether you want to understand your options or have already signed the dotted line on your new home, Clark Finance Group can help.
We are here to find the best solution for you and ensure you are set up for success on your finance journey.
Let’s have a discussion about your goals and the most cost- effective solution for a bridging loan.
HOW BRIDGING LOANS WORK
Your bridging loan is a short-term loan that covers the purchase of a new property while you wait to sell your existing property. It can also be used to take care of costs while you build a new home and live in your original one.
To help you manage the repayments on a bridging loan, it is usually interest-only and will be valid for a period of around 12 months.
Many homeowners don’t realise this is an option when they begin the journey to upsize. Contact Clark Finance Group to find out if this type of loan is suitable for you.
MELBOURNE’S HOME LOAN SPECIALISTS
At Clark Finance Group, we aim to provide education on an ongoing basis so our clients can make well-informed choices and maximise their outcomes.
By staying in touch with industry changes and focusing on property loans, we’re able to deliver outstanding service for our Melbourne client base.
Your feedback and questions are important to us. We are here to assist in any way we can. You can contact us via phone or email.
– After hours and Saturday available by appointment