Are you ready to upgrade to your next home?
Talk to your local Bexley home loan experts to find the best deal.
Just because you've been there before, it doesn't make moving house any easier the next time around. Make your next move hassle-free with support from your local Bexley Mortgage Choice broker.
What are my home loan options?
Moving would be so easy if we sold our current home at the same time as buying a new one. But things don’t always work out that way. In fact, there can be a whole range of reasons why you buy a new property before selling your current home.
Your home may take a little longer to sell than expected, or you could come across your ideal property before even placing your present home on the market.
If you do opt to buy before selling, it’s good to know there are finance options available to secure your new home while still managing the mortgage on your current property.
How your local Bexley mortgage broker can help…
As your local Bexley home loan experts, you can depend on us to work hard to find you the best deal. We've helped hundreds of local residents and our team has many years of experience in providing credible and professional financial services at various banks and institutions, which enables our team to provide you, our clients with a rewarding experience when dealing with us
We get to know your personal situation and then we work with over 20 lenders, including the big four banks, to find the loan for you. We’ll manage your home loan from application to post-settlement, all at no cost to you.
What are my options for upgrading?
Upgrading simply means selling your current home and purchasing one that's a little further up the property ladder. There can be a raft of good reasons for upgrading. As the kids get bigger you may need more space. You may be hoping to secure a better location. You may be keen to trade up from an apartment to a house. Or you may be relocating for work purposes.
Whatever your reason for upgrading, it’s important to think through the financial aspects. You have probably built up sufficient home equity to be able to afford an upgrade but you should also consider how you'll fund the move.
Refinancing is an option
The process of upgrading can be an opportunity to refinance your home loan. This involves taking out a new loan to pay off your current mortgage. Refinancing can also give you access to improved loan features or a more competitive interest rate.
Or you could take advantage of loan portability
Alternatively, your existing home loan may offer a feature known as 'portability'. This means you can take the same loan with you when you move from one property to another. If you’re happy with your current loan this option can provide savings on the costs that may apply to refinancing. It can also be very convenient as you're dealing with the same lender and retain the same account number.
You've built up enough equity to play with and you're wondering which direction you should take.
We’re here to help!
The key thing is to speak with your local Bexley Mortgage Choice broker to talk through the available options for funding your upgrade or your next move. This will let you know just how you stand in terms of borrowing options, leaving you free to focus on selling your current home and choosing your next property.
Call us to have a chat on 1300 088 333 or email Anthony.Moschoudis@mortgagechoice.com.au
Your local Bexley mortgage broker and finance team for Bexley, Kogarah, Banksia, Monterey, Ramsgate, Sans Souci, Wolli Creek, and Surrounding areas.
Are you looking to upgrade or move?
Our mission is to find the right home loan for your individual needs and to always have your best interests at heart. Plain and simple. Which is why we have such a wide range of lenders to choose from. We can search through hundreds of products to find something tailored to your situation. ~