This week on You Have My Interest, we're diving into one of the biggest questions for homeowners looking to upsize - should you buy first or sell first? It’s a tricky decision with a lot of moving parts. We’ll walk through the pros and cons of each option, explain how bridging finance can come into play, and share tips on negotiating longer settlements or flexible clauses to help align timelines.
In this episode of You Have My Interest, we’re taking a closer look at the difference between borrowing capacity and purchase capacity - two terms that are often used interchangeably but can lead to very different outcomes when planning to buy a property.This topic was prompted by a recent client scenario, where a buyer was exploring the option of using a lenders mortgage insurance (LMI) waiver due to having a smaller deposit. After reviewing their situation and running the numbers, we actually recommended that they proceed with paying LMI instead. Why? Because it gave them access to a higher loan-to-value ratio and increased their overall purchase capacity.
