Hi, I was wondering if anyone could offer an advice on the following: I have done a BAD THING by wanting to put an offer in on a property, before selling my current property, I know this is a NO NO [
], but the place is just what I am after and a good price.I have heard a bit about bridging finance – is this a terrible step or are there better options available?
Your input would be greatly appreciated[]Cheers
GinamarreeHi Ginamarree,
We used bridging finance a couple of years ago…
It was something that I will never do again. I don’t think that I slept for about 2 weeks, until we sold our house.
Don’t forget to ask how much the application fee will be for bridging finance. The application fee for us (at the time) was almost $3000!! RIPOFF..[8]
Never, Never again (for me)[V]
Good luck with your decision, my advise – try to avoid it. If it’s not too late, perhaps make your offer a really long settlement.
Del
Del
Gina,
Please get onto someone ASAP. Bridging finance isn’t as straightforward as a normal home loan.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Surely if you have the income to service both debts it’s a lot easier than calling it bridging finance?
Cheers
Mel
], but the place is just what I am after and a good price.
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