Buy a New Home Before You Sell Your Old One — Mortgage refinance that works around your needs
Some homes are truly a once-in-a-lifetime opportunity. The kind that simply won’t wait for you to be completely ready. If you hesitate too long, waiting for your old home to sell, the opportunity will be lost, and someone else will have the keys to your dream home.
Fortunately, there’s no need to wait for your existing home to sell before you buy or build a new one. No need, either, to move into a rental, only to move out again a few short months later. Nor do you need to pay two mortgages at once.
Instead, you can simply get ‘home to home’ finance (a special type of mortgage refinance), and strike while the iron is hot.
What is home-to-home mortgage refinance?
Ideal for when you’re building a new home, home-to-home mortgage refinance is a unique mortgage refinance system that covers you when the timing of your new home purchase doesn’t coincide with the sale of your old one.
Rather than taking out a second loan for the new home, or immediately selling your existing home then using the proceeds to fund your new one, you stay where you are and use the equity in your existing loan to finance your new home.
In other words, if you’ve found the perfect new home, home-to-home mortgage refinance lets you buy it and move in, while your old home is still selling. Or, if you’re building a new home, home-to-home finance lets you stay in your existing home until your new home is finished.
Benefits of home-to-home mortgage refinance
- Live in your current home while you sell your old one (or, if building, until building is complete)
- No hassles of finding rental accommodation, and moving in, only to move out again soon after
- No family upheaval
- No dead rental outlay
- Move only once instead of twice or three times
- You have more time to sell your existing property
- You may pick up additional tax-free capital gain on your existing home by selling it at a later date
- Additional interest repayments can be capitalised into your new loan meaning you don’t pay anything extra until your new home is built
Find out if you’re eligible
Enquire below to have one of our home loan refinancing specialists call you back within 24 hours. They’ll be able to tell you if you’re able to get home-to-home mortgage refinance.
