When you’ve been through it all previously, you probably have a pretty good idea of just what a headache the home buying process can be. And if you’re relying on selling your current home to fund the next, you also have the challenge of organising finance to cover any time gap between the sale of your current home and the purchase of your new one. In this case, a bridging loan could be the answer.
On the other hand, you may want to turn your current home into an investment property and use available equity to fund your next home purchase. This can be a little complex, and it pays to get professional home loan advice from a broker on how to structure the loans.
The lender and loan you choose for your next home loan should depend on your specific situation. Don’t assume that because you already have a loan with one lender that you’ll get a better deal as a return customer. In today’s market it pays to shop around. There are a few things to look out for that may help you reduce the amount of interest you pay.
From comparing home loan options from a wide choice to lenders, to preparing the paperwork and negotiating a competitive rate. Your mortgage broker does all the legwork, supporting you through to settlement.
Thousands of home loans, multiple lenders. We’ll find the one that’s right for you.
There are hundreds of different home loans out there in the mortgage marketplace. To help you understand which type of home loan may be best suited to your needs, let’s take a look at the key types of home loans available and how they work.
If you’re looking to buy a home, investment property or even build your dream house, chances are there’s an app that could fit the bill. From real estate portals to floor plan designs, here’s our top 10 property-related apps you’ll definitely want to check out.
Most Australians who sell their home don’t own the property outright. If you’re one of them and wondering what happens to your mortgage when you sell, read on.
To help you find the perfect home, we offer free Property Reports detailing information about the property you are considering, previous sale prices, information about the area, median house prices and the local demographic.
“Never have I experienced the level of customer service that I have with The Loan Room. I would highly recommend this company to help you with your financial needs, so thorough, takes all the guess work out and made our buying and selling a breeze. Thank you!” – Leah Thompson via Facebook
“We were put onto The Loan Room by a couple real estate agents. My wife and I are so happy and glad we dealt with them. They made the process smooth and easy. From selling our house to buying a new house. Highly recommended.” – Sean O’Keeffe via Google