We have seen a house we like in the same neighbourhood. We want to make an offer, issue is we still have our house to sell. Ideally we usually like to sell before finding a new house but in this instance we have found what we like. Question is could we use bridging finance to purchase the new house while we wait for our house to sell. We have about 50% equity in our PPOR. What are the pitfalls of doing this?
also as we have rental property will the banks we those loans look to grab money on selling our PPOR?
FH
also as we have rental property will the banks we those loans look to grab money on selling our PPOR?
FH
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