Next Home Loans
Looking to buy your next home or renovate your dream one? Make the move to your next home with a mortgage broker by your side.
The process is easy!
1
Start Your Application
Once you’ve started an application with us, I’ll be in touch to assist you through the process.
You’ll enjoy the ease and flexibility of our secure online portal to assist in providing the required documents.
2
Receive Personalised Advice
Once I’ve assessed your situation, I’ll provide you with a few options to consider personalised to your situation and goals.
3
Select Your Preferred Loan
I’ll guide you through the options and assist you in selecting the right loan product. Then I’ll do the legwork for you with the lender and process the application through to approval.
4
Receive Your Funds
I’ll keep in touch with you in the lead up to your loan settlement day and ensure you receive your funds to facilitate your exciting next move!
Loan types and features
There are a number of loan types available to you; variable rates, fixed rates, guarantor loans and more. Scroll through some of the options below to get a better understanding of what the differences are. I’m here to answer your questions when you’re ready.
Variable Rate Loan
The interest rate can change over the life of the loan. This gives you flexibility but can also leave you open to rate rises. Variable loans offer more flexible features like unlimited additional repayments, redraw, and offset accounts.
Fixed Rate Loan
This is the opposite of a variable rate loan. Your interest rate and repayments will stay the same during the fixed term, no matter what.
Interest Only Loan
As the name suggests, you only pay the interest on the principal balance for a set term, with the principal balance unchanged.
Packaged Loan
Professional packages offer discounts on standard variable and fixed rates, the waiving of fees and, in some cases, great deals on other products from the same lender. A packaged loan usually comes with one annual fee for the bundled products.
Split Loan
You’re able to fix part of your loan, while leaving the rest variable.
Introductory Rate Loan
Also known as ‘honeymoon’ loans, these offer a low interest rate for a short period (eg. a year), after which the rate moves to the standard variable rate.
Guarantor Loan
A guarantor uses the equity they’ve built up in an existing property to help you purchase your property sooner. Guarantors could be your parents, parent-in-law, stepparent or grandparents.
FAQs for next home loans
We’ve got your questions covered.
Generally you have two options for switching your current loan. You can either refinance with the same lender (or a new lender) or pay out the existing loan and take out a new one with your new property. We can help you determine what you can afford and which option may be right for you.
A bridging loan helps you purchase a new home whilst you wait for a buyer to purchase your current one. The loan works by covering the cost of your new property with the idea that this debt will be paid off when your old property sells.
Typically, variable rate home loans offer flexibility whilst fixed rate loans offer predictability. Get in touch with me today and I can help explain how each could benefit you.
There is no cost to you. A mortgage broker acts as the middleman between you and the lenders/banks. We work for you, but get paid by the lender or bank of your choosing.