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The OCEAN Lending Blog

Using Existing Equity to Purchase Vacant Land

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We recently helped a growing young family start the process to secure a vacant block of land to eventually build their next family home.  We initially helped these clients purchase their first home, in which they worked hard to pay down on the loan, all whilst renovating and building equity in their home.  

This put them in a fantastic position to use the equity to secure the vacant land in which they will ultimately build their next home.  This now gives them the option to either obtain bridging finance or sell their existing home to fund the construction.

We really look forward to see the finished product.

If you are looking to upgrade your home please CONTACT US to discuss your options.

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Let’s Talk About Your Next Step

Read something that sounds like your situation? A conversation with Scott or Clare can help you understand your lending options and what to consider next.

Unit 3, 18-22 Castles Drive, Torquay VIC 3228
scott@oceanlending.com.au

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