Moving to a new house can be a daunting prospect, especially if you’re moving somewhere that’s an improvement over your current residence. There’s so much to think about, and the moving process itself is only part of the overall potential headache that is climbing the property ladder. First and foremost on your mind should be “how am I going to finance my new home?”. The answer is a home loan!
Luckily, there are a number of options available to you in terms of financing a new home, especially if you’re the owner of your current one. First, and perhaps most obviously, if you have savings squirreled away or a large cache of money that’s waiting for you to claim it, then now’s the time to use it. Savings are all well and good, and that rainy day is never far away, but hey – if the rainy day does finally come, then it’s nice to have a house in which to weather it, right?