208. How do you manage upsizing your family home скачать в хорошем качестве

208. How do you manage upsizing your family home

Welcome back to another episode of the 360 Money Matters Podcast! In this episode, we break down the mechanics of upsizing your family home. We walk through the classic dilemma of whether to buy first or sell first, exploring the pressures that come with each approach. We cover bridging loans, equity releases, matching settlement dates, and the hidden costs most people don't anticipate. We also discuss how to fund the gap between properties, what happens when you need to service two mortgages at once, and practical strategies like converting your current home to an investment property or temporarily moving in with family. Listen to this episode if you're planning to upsize and want to understand your options before you commit. - This podcast contains information that is general in nature. It does not take into account the objectives, financial situation, or needs of any particular person. You need to consider your financial situation and needs before making any decisions based on this information. This information is provided by Billy Amiridis & Andrew Nicolaou of 360 Financial Strategists Pty Ltd, authorized representatives and credit representatives of Akumin Financial Planning – AFSL 232706 Episode Highlights The buy-first versus sell-first decision and the pressures each approach creates How bridging loans work and when they make sense to use Managing settlement timing and the risks of matching dates Using equity release from your current property to fund the new purchase The cost considerations beyond the property price Serviceability requirements and why available equity doesn't guarantee approval Connect with Billy and Andrew! 360 Financial Strategists Check out our latest episode here: Apple Podcast Spotify Google Podcast