Buying Your Next Home

Just because you have done it all before, doesn't make the home loan process any easier! In fact you probably have a pretty good idea of just what a headache it can be.

There are many factors to consider when buying your new home.

First
What are your goals?
   ·   Do you want to pay off your new loan as soon as possible?
   ·   Do you need to keep payments down for any reason i.e. growing family?
   ·   Do you need extra features like redraw facility?
   ·   Are you better off fixing a portion or the entire loan for the next few years?
   ·   Can you keep your existing home as an investment and use its equity for a deposit on the new property?
   ·   Are you building a home and need a construction loan?
   ·   Or do you need Bridging finance?

Second
Selling your current home before or after you purchase your new home or retaining your existing home as an investment property and purchasing your new home.

Third
Taxation implication of keeping your existing home as an investment property We suggest you talk to your Accountant.

Fourth
The costs associated with buying a new home.