Are you a property owner, planning on making another purchase? You may want to use equity from your current property as a deposit for the next one. This is also known as getting “cash out” for a deposit. While this is a relatively common process, it can also be a complex one. A little planning and forethought can go a long way to making it easier.
Plan ahead when using equity
The most important thing when using equity from one property to purchase another one, is planning ahead. You should get started on the process well before starting on your next purchase. This avoids any costly and potentially disastrous delays that could see you missing out on the property you want.
Choosing a lender
At Bee Finance Savvy, our panel of more than 30 lenders allows us to match clients looking to get cash out with the most suitable lender. In some situations we may be able to simply take you to the same lender for the cash out, as for your subsequent purchase.
But this isn’t always the best option – and for some customers it might not be an option at all. In complex situations, we may need to spread the love by using multiple lenders to take out equity, and get finance for your next property purchase.
Everyone has different circumstances and needs, and lender policies vary widely. This means that there is no one solution that works for everyone. We provide custom solutions for each client, to best meet their needs.
Don’t delay – Bee Savvy!
If you’re thinking of using equity for your next property purchase, why not get
in touch with Bee Finance Savvy for a free, up front consultation to discuss your options. Our friendly Sutherland Shire broker Desiree will assess your situation to determine your best path forward.
To find out more, call or text Desiree on 0455 131 937 or 1300 140 554. Desiree can also be reached at firstname.lastname@example.org . Alternatively, you can fill out the contact us form on this site.
Would you like to learn more about Bee Finance Savvy? Hear from people who know us well…our customers. Take a look at our WOMO reviews – https://www.wordofmouth.com.au/reviews/bee-finance-savvy-miranda