If your home is busting at the seams or it just doesn’t suit your lifestyle anymore, then upgrading to your next home may be your next step. Mango Money can help you through the process of upgrading to another home. You may have more experience and equity in your property now, than when you first purchased. This means that you may need more features from your home loan, like having the ability to redraw or having a package deal that bundles many options together. We can help you sort through all these options and talk to you about what you need now.
Equity that you have built in your current home is very valuable and banks are wanting customers to keep that value with them. When upgrading you don’t need to stay with your current bank and keep all your business with them. When looking at upgrading, it is the perfect time to review your home loans and see whether you have the best deal for you. We can also help you make a strategy for your future purchases when setting up your upgrade purchase by making it more tax effective.
Things to consider before upgrading your home
Upgrading your home means that there are many areas to consider. Many upgraders may think that they need to sell their current home but you may also want to consider renting out your current home. We can help you with a decision like that by talking and accessing your situation. A few things to consider before you make the jump is:
What is your current home value?
Do you have a budget, so you know what you can borrow for your new home?
What is the best option with your current home – rent or sell?
Should you consider a bridging loan?
As a strategic mortgage broker we can help you through this process, saving you time and money. Call us today.
We have known Alex for over 10 years now and he has always steered us in the right direction, he now handles 3 property mortgages and 1 car loan for us having completed the 3rd property only last week. His advice is always spot on and communicates in a language that all can understand. Luke and I highly recommend Mango Money to help with wealth creation, money management and overall to get the best possible rates etc. Thank you Alex will now start saving for property number 4 - lol! 🙂
So happy with my car loan that I'm getting Alex to redo my home loan. More money for me, its a no brainer
Happy Car Loan Client
I have just had my car loan approved with Alex. He is very professional, easy to deal with and his language is understandable without the technical jargon. He kept me informed all the way through the process which didn't take very long. I would recommend anyone seeking finance to give Alex a call. Thanks Alex and my next loan from you will be for an investment property.
I have dealt with Alex twice now and both times he has exceeded my expectatio