So you’re buying your next home? You may have been there before but the world’s changed a lot in the last few years, and not only the finance market. Australia’s property market has seen some huge changes recently, including rapid increases in property values across the country. This may have put you in a much better standing – as values go up, your ‘loan to value ration’ (LVR) goes down, which opens more doors to you in the way of lenders.
NSW Mortgage Corp’s home loan and refinance specialists are here to help you along the way. We’ll take a look at your existing home loan (including its balance and features) and how your circumstances have changed (increases to your income, additional children etc) and quickly help you identify the best options to explore.
Before moving on we’d like you to consider a few things: have your goals changed? Are you looking to pay off your home loan faster, or do you need to free up some additional cash by keeping your repayments as low as possible? Are you looking for different features from your home loan to better suit your lifestyle, like a line of credit with a redraw facility to cover bigger expenses? Are you trying to shield your household budget from future increases to interest rates by using a fixed home loan? Or perhaps you’d like the benefits of split loan with a fixed and a variable portion?
If you’ve been considering purchasing an investment property, perhaps you can get some tenants for your current home and use the equity you have behind you to free up the deposit for your next property. Talk to us about what you’re looking for – we’ll help you get the most out of it.
This section offers access to the resources you’ll need to purchase your next property:
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Necessary Paperwork Checklist - would you like to know the #1 thing that you can do to speed the whole process up? Preparing this paperwork is important to make it happen.
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Loan types available to you – would you prefer a variable home loan? Fixed home loan? Split loan? Interest only? Line of credit? Find out the differences here.
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Finance calculators – we’ve got them all: loan repayment calculator, extra repayment calculator, loan comparison calculator, borrowing power calculator, credit card debt repayment calculator, budget planning calculator, personal loan repayment calculator, savings calculator, stamp duty calculator.
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Home equity – learn how you can use the equity you have built up in your existing home to get ahead financially. Everything from lowering your repayments to freeing up money for a holiday or investment property.