How to avoid property pitfalls
When investing in property the stakes can be high. To avoid going from bad to disastrous, it’s always a good idea to make decisions with a certain degree of caution. But it’s n
Whether you’re looking to upsize, downsize, relocate, or buy that dream holiday home – let us help you on your journey.
You’ve already been in the situation of buying a home, applying for a mortgage, and going through settlement. What’s different this time is there are a few extra things to consider when buying your next property.
Depending on how much equity you’ve built up in your current property, you may be able to put it towards the deposit of your next home, by converting your current home into an investment property. This is a complex situation that requires getting financial advice before deciding whether it’s feasible for you.
Putting your house up for sale before buying your new one will avoid the cost of two mortgages, but you will need to arrange for a place to stay once your house is sold. You’ll feel less pressure to take a lower offer, but on the flipside, you’ll have increased pressure to find a new home after you sell.
These tools make it easy to calculate how much you can borrow based on your income and expenses, estimate your home loan repayments, and work out how to repay your loan faster.
We offer our loans exclusively through experienced AFG brokers via our broker network, making sure you receive a loan that meets your individual needs.
AFG Home Loans Pty Ltd is part of the ASX listed Australian Finance Group Ltd (AFG), one of Australia’s leading mortgage broking firms for almost a quarter of a century.
The information provided is a short summary and is not everything you need to know to select a product and features that are appropriate for your needs and requirements. All information is subject to change without notice. Terms and conditions and lending criteria may apply. Fees and charges may be varied or introduced in the future.
AFG Home Loans Pty Ltd | ACN 153 255 559 | Australian Credit Licence 411913
