Buying Your Next Home
Even if you’re about to purchase your second, third, or fourth residential property, it’s always best to seek reliable help and advice. That’s where we come in!
Whether you’re upgrading your home, buying vacant land or building we ensure we understand your needs and goals so that we can find the home loan option that best suits your situation. We outline how each loan option could work for you and what it costs so that you have all the information you need to make the decision that works for you.
We then handle the application and manage the process right through to settlement to make the process as easy for you as possible.
Things to think about for your next home:
The second, third or fourth time around for purchasing a home comes with new considerations compared to your first home. Below is some things to think about for your next purchase.
Reason for moving: Consider why you are moving and what you’re looking for in your next home. Perhaps it’s more space for a growing family or downsizing to more affordable home or relocating to a new suburb or city. If you like your current location, you could consider renovating - see renovation loans here.
Equity of current home: If you’ve made extra mortgage repayments over the years or your existing property has increased in value, you may be able to use the equity of your existing property for a deposit on your next home or to secure a home loan.
Costs: There can be additional costs involved in buying your next home that weren’t relevant for buying your first home. Such as stamp duty, selling fees, bridging finance or moving fees. We can help you calculate all the additional costs you may incur for your next home purchase.
Determine your budget: Once we work out your equity, additional costs and your financial position, we can determine what you can afford for your next home.