James Blacker

Finding your next home

Outgrown your current home? Or simply looking to move? Mortgage Choice can help you find the right finance to match your plans.

What is 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.

We've got you covered

There's a lot of things to consider when thinking about moving into your next home and some of the options that come with your home loan. But don't stress, we've got loads of resources to help you answer some of your questions. Check them out:

Let's get started!

We have a fantastic team and an excellent reputation in the local Ellenbrook area, and we look forward to helping you.

We offer a mobile service (home or work) to make even more convenient for you to get started. We service the areas of Ellenbrook, Ballajura, Beechboro,The Vines, Caversham & surrounds.

Call us today on 08 6296 7218 or click on the Contact us button at the top of the page.

We can also help you with

Home loans
Investment loans
Refinancing your current loan
Debt consolidation
Car Loans
Personal loans
Risk/Income Insurance
General insurances
Business lending
Equipment finance
and more.

*Photo by taylor hernandez on Unsplash