Taking the next step on your property journey can be a very exciting time, whether you’re upgrading, downsizing or just moving to a new location, we can help.
You’ve been through this process before and have some understanding of what’s involved, and you know a few things will be different this time around.
You may hold significant equity in your existing home resulting from the market value increasing over the years or by making extra mortgage repayments. This equity could be used towards the purchase or construction of your next home, whether as security or to help with the deposit. We can help you understand the amount of equity you have available and your borrowing capacity.
Once you understand your equity position and borrowing power, you may choose to keep your existing home and turn it into an investment, alternatively you may sell this property or simply use the equity to renovate your current home and stay where you are.
If you’re going to sell your existing home, you’ll need to decide whether you sell or buy first. It would be easy moving if your existing home sold at the same time as buying your new home, but it doesn’t always happen this way. Here are some things to consider…
Whatever option you choose, we always encourage you to seek independant taxation and financial advice.
At Rhythm Finance Co we’ll help you navigate every step of the process, so that you can relax knowing we’re working hard for you. We don't charge any fees for our service, because the lender pays us once your loan has settled. It’s important to understand that we work exclusively for you and your best interests. Rhythm Finance Co is family owned, our brokers are local to the Coffs Coast and are keen to help you with buying your next home.
Rhythm Finance Co Pty Ltd (Credit Representative 532711) is authorised under Australian Credit Licence 389328
This page provides general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances and your full financial situation will need to be reviewed prior to acceptance of any offer or product. It does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances.