Upgrading a property? Know your borrowing Capacity

Upgrading to a bigger property often comes with heaps of paper works and involves a far complicated process than buying your first home. As a first home buyer, all you would be looking forward to is buying a new home, but upgrading a property involves both your existing home and the new one you would want to buy. This being said, upgrading to a bigger property requires the transaction of two properties usually within a single timeframe.