You are on the way to accumulate wealth in the best country in the world.
Buying your second home is much easier because you will in most cases have equity that does away with the need for a full deposit. Genuine savings are also no longer required. Your trusted Mortgage Broker will show you how to release/free up to 90% of your equity.
Buying a second property could be for upsizing or downsizing, relocating or investing in property.
Request that your mortgage broker shows you home loan options to 40 years and large land sizes to 40 hectares
Ask your broker if you can release cash from your home loan
Knowledgeable mortgage brokers can assist in the purchase of a property with up to 5 dwellings on a single title to maximise/optimise property yields and return on investment
| Type of Loan | Interest Rate | Comparison Rate | |
|---|---|---|---|
| Fix & Save - 2 Years Fixed | 1.99% p.a. | 3.27% p.a. | Fix & Save - 1 Years Fixed | 1.99% p.a. | 3.34% p.a. | Fix & Save - 3 Years Fixed | 1.99% p.a. | 3.19% p.a. | Advantage - 2 Year Fixed (Special) | 2.15% p.a. | 2.61% p.a. | Advantage - 2 Year Fixed (Special) | 2.15% p.a. | 2.63% p.a. | Super Low 3yr Fixed Special Home Loan | 2.19% p.a. | 2.59% p.a. | Advantage - 1 Year Fixed | 2.24% p.a. | 2.96% p.a. | Advantage - 2 Year Fixed | 2.24% p.a. | 2.91% p.a. | Advantage - 3 Years Fixed - Investment | 2.27% p.a. | 3.04% p.a. | Advantage - 3 Years Fixed | 2.29% p.a. | 2.87% p.a. | The Essentials Low Rate Home Loan 60 | 2.29% p.a. | 2.47% p.a. | Advantage - 3 Years Fixed - Investment | 2.32% p.a. | 3.04% p.a. | Advantage - 2 Year Fixed - Investment - IO | 2.34% p.a. | 3.58% p.a. | The Essentials Low Rate Home Loan 80 | 2.39% p.a. | 2.57% p.a. | Advantage - 1 Year Fixed - Investment | 2.44% p.a. | 3.11% p.a. |
This is where your experience in previously purchasing a home will come in handy. If you have been paying your present mortgage for a few years or more, you will have noticed variable interest rates fluctuate over time, plus the opportunities that both variable and fixed interest rates provide. The temptation to change from fixed to variable interest rates, or vice versa, will arise at times, and knowing when to make a financial move is good money management. Your mortgage broker & financial expert will explain the relative home loan advantages in easy to understand manner. They can help with the same purchasing power as Australia’s biggest banks, more for experienced & professional investors, allowing you to choose a fixed rate, variable rate or another loan option. Investment loan incentives and rewards can be negotiated, including bridging loan products that are perfect for second home buyers.
