Upgrading or Downsizing
HELPING YOU PURCHASE YOUR NEXT HOME
Is it time to buy a new home? Maybe your current home is getting a little too cosy for your growing family and you need a bit more room. Perhaps you’re at the other end of the spectrum and the kids have finally left the nest and you’re looking to downsize into something a bit smaller.
It’s probably been a while since you last purchased a property – and even longer since you last went mortgage shopping. Upgrading your home is a perfect opportunity to assess your current lending needs.
We will listen to your aims and discover what’s best for you. We will assess how much can you afford to borrow from the bank and come up with options on how to best finance your next home.
There are a lot of factors to consider when upgrading to your next home. You might decide to keep your current home as an investment property and use its equity to purchase your next home.
You may want to create your dream home and need a construction loan to build it. You might like to take advantage of home loan features that didn’t seem as important when you purchased your first home – such as offset accounts and redraw facilities.
We will listen to your property upgrading needs and help you
- Work out whether it’s possible to keep your current home as an investment and purchase your next owner occupied property
- Crunch the numbers to work out the holding costs associated with your new property
- Discuss loan products that are currently on offer and whether a variable rate, fixed rate or a combination of the two would be suitable for your next loan
- Look at options of securing a pre-approval for your next purchase prior to putting your current home on the market for sale
Free property reports for our property upgrading clients
We also provide our upgrading clients with free property reports to assist them in their home buying research. The desktop valuations provide an indication of a properties overall value by taking into account a number of different variables such as comparable sales in the area and the previous sales history for the property you’re looking to purchase.
These reports are helpful for those looking to upgrade – especially the local, comparable sales data they provide. It’s also a fantastic tool when the negotiations commence with the selling agent.
Ready to upgrade to your new home? Get in touch – we’re here to help.
Pass Go Home Loans Pty Ltd