How Bridging Finance Helped Matt & His Family Upsize Without the Stress
![Coffs Harbour Mortgage Broker Derek Jordan's head shot](https://cdn.prod.website-files.com/60bd5ec31568e83a917c33f5/679c4805c466e9c9e35eeffb_erwan-hesry-e9jV1ZyrOmg-unsplash.jpg)
For many growing families, the decision to upsize comes with a mix of excitement and stress. The idea of finding a bigger home to better suit your family’s needs is thrilling, but the logistics—like selling your existing home before buying a new one—can feel like a real headache.
That’s exactly the situation Matt and his young family found themselves in. They loved their home, but with their growing children, they knew it was time to find something bigger. The challenge? They didn’t want to sell their current home before securing a new one, yet they needed the equity from their existing home to afford the upgrade. Enter: Bridging Finance.
The Problem: Sell First or Buy First?
Matt and his partner wanted to avoid the common dilemma of having to sell their home before purchasing a new one. They feared the uncertainty of not finding the right property in time and the stress of potentially needing temporary accommodation between moves.
The Solution: Bridging Finance to the Rescue
Mortgage broker Derek Jordan explored their options and found that Bridging Finance was the perfect solution. This strategy allowed Matt and his family to:
✔️ Secure their dream home before putting their current property on the market.
✔️ Retain a large portion of their savings to cover interest accrual during the bridging period.
✔️ Avoid the stress of rushed selling or finding temporary housing.
With a clear financial strategy in place, Matt and his family were able to secure finance within a week, purchase their ideal home in November, and settle in just before Christmas—giving them the best holiday gift they could ask for.
Why Bridging Finance Could Work for You
If you’re in a similar situation—wanting to upsize but hesitant about selling before you buy—Bridging Finance could be the key to making your move stress-free. It’s a flexible option that provides peace of mind, allowing you to transition smoothly into your new home without financial pressure.
Thinking about upgrading your home?
📩 Contact Derek today to discuss your options - derek@northcoastlending.com.au
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