Time to move from your current home?
Need a local next home Mortgage Adviser in Hawke’s Bay?
Changes in the market since buying your first home may mean an array of new mortgage offers from lenders to consider. This makes it the perfect time to review your mortgage and make sure you are getting the best solution for your situation possible! If you need help upgrading your home in Napier or Hastings, come and talk to us at Mortgage Link Hawke’s Bay.
Some questions we often get asked:
Both options can work. It all depends on your finances, equity, and risk comfort. Selling first gives certainty and buying first gives flexibility. We can assess your situation to help you choose the best option for you.
A bridging loan is useful when you want to buy your next home before selling your current property. It allows you to:
- Access funds from your current home’s equity
- Avoid rushing your sale
- Move into your new home sooner
Whether you’ll need one depends on your equity, income, and the timing of buying and selling. We can model your scenario to see if a bridging loan makes sense.
When you move, your current mortgage may be paid out, restructured, or rolled into a new loan, depending on whether you sell your home first, buy first, or use bridging finance. We can explain the best option for your situation.