Next Home Buyers
Selecting an appropriate loan product and structure is just as important as interest rate.
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List of Services
Deciding when to move on from your current home is an exciting and important moment. It’s natural to spend a significant amount of time researching the right house, size, location and determining your ‘non-negotiables’.
What about time spent researching the best way to fund the purchase? This is what we do day-in, day-out, so we know the questions you’re about to ask next, and we have the answers – or, at least, we always know where to find them.
Is there an option to keep your existing property as an investment? If not, do you need to sell before you buy? If not, can you release some equity for the deposit? What is your actual borrowing capacity in each scenario?
We humbly suggest that there’s far too much to weigh up without some professional guidance.
Next home buyer FAQs
Should I buy first or sell first?
Selling first gives you certainty about your budget but may mean renting in between. Buying first secures your next home but can mean carrying two loans for a time, often with a bridging loan. The right choice depends on your equity, income and how quickly your current home is likely to sell, and we model both options with you.
What is a bridging loan?
A bridging loan covers the period between buying your new home and selling your current one. Lenders look at your total debt across both properties, and terms vary a lot between lenders, so comparing options matters.
Can I use the equity in my current home for the deposit?
Usually, yes. Equity is the difference between your home's value and what you owe, and lenders may let you borrow against it for the deposit and costs on your next purchase, subject to valuation and your ability to service the loan.
Can I keep my current home as an investment?
Many upgraders do. We look at whether the rent and your income support both loans, and how to structure them so your investment and home debt stay separate.
Helpful guides
We help clients across St Kilda and Melbourne's inner south and south east. See all locations.
Ready to learn more?
Whatever you need, get in touch and we’ll get the ball rolling. The sooner you reach out, the sooner you’re on your way to securing the right loan!
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GREAT REVIEWS FOR OUR SERVICES
Thanks for your amazing help.
Evelyn was fantastic to deal with when applying for our new home loan. Evelyn was very helpful, hands on and knowledgeable. She presented us with a range of options to consider and a product that had not only a great interest rate but also the best other features that suited our needs.
Once the loan was in place Evelyn was also very helpful with any questions we had. We were also blown away by the amazing and thoughtful client gift we received.
I would highly recommend Evelyn.
Josh Pennell
