Expert Mortgage Guidance for Shifting House
Discover the confidence and clarity you need to make informed decisions when shifting your owner occupied home. Let us guide you every step of the way.Moving Home? Let’s Make the Finance Invisible
Moving house is a big deal—and it looks different for everyone. While some people stay put for decades, others find themselves relocating often due to career moves, family changes, or lifestyle upgrades. There’s no such thing as “average” when it comes to shifting home.
And because every move is unique, the financial help you need should be just as personal.
Maybe your job is taking you to a new city.
Maybe the family has outgrown the space.
Maybe life’s on the up and it’s time to upgrade—or perhaps it’s time to downsize as the kids leave the nest.
Whatever the reason, I’m here to help.
There are a few common threads when it comes to moving:
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What should you do with your current home?
Sell it, or keep it as an investment? -
When do you make your move?
Buy first or sell first? -
How should you structure your debt?
If you’re keeping your current home, how does that impact your borrowing power?
Sometimes we can transfer your loan to the new property.
Or it might be time for a completely new loan, especially if your financial goals are changing along with your lifestyle.
Many people talk about bridging finance – a short-term loan to cover the gap when you own two properties temporarily. This is a term that causes so much confusion. We need to work out what this means for you in your own specific circumstances
Your situation is one of a kind, and that’s why we take the time to understand your needs and tailor a solution that works for you. While you’re busy finding the perfect home, arranging new schools, packing boxes, and hosting garage sales—we’ll handle the finance in the background, seamlessly.
At Ask Alan, we listen carefully to your hopes and dreams and help make them come true—in a way that fits your budget.
Curious to know more about how moving house can also mean moving your loan?
Read more in my blog: Shift your Home, Shift your Loan.
Common Questions when shifting your owner-occupied home
Shifting home can be both daunting and exciting! Take the guess work out of shifting your mortgage with the help of our experts – Here are some frequently asked questions when considering shitfing home.
Can I keep my current home as an investment and still buy a new one?
Yes, many homeowners choose to retain their existing property as an investment while purchasing a new home. You may be able to use the equity in your current home to fund the deposit for the new property. Ask Alan Mortgage Brokers can assess your borrowing power and help structure your loans for both properties.
What happens to my current mortgage if I sell and buy at the same time?
If you’re selling and buying simultaneously, you may use the proceeds from your sale to pay off your existing mortgage and put the remainder toward your next purchase. Our mortgage brokers can assist with timing settlement dates and ensuring pre-approval is in place for a smooth transition.
What is bridging finance and do I need it?
Bridging loans are short-term finance solutions that help cover the gap between buying a new property and selling your current one. This allows you to secure your next home first, then sell your current home later. We can help determine if bridging finance is right for your situation and explain the costs and structure.
Will I need a new home loan, or can I transfer my existing one?
In most cases, you’ll need a new loan for the new property. Some lenders may allow loan portability, where your existing home loan is transferred to the new property, but this depends on the lender’s terms and your financial position. We can help you compare options to see which is more cost-effective.
Can I buy a new home before selling my current one?
Yes, but it requires careful planning. You’ll need to demonstrate that you can service both loans or use bridging finance to manage the overlap. Getting pre-approval and working with our broker can help ensure your finances are in place for a seamless transition.
Guidance for moving house
At Ask Alan Heath – Mortgage Broker, we understand that transitioning to a new home often comes with its own set of challenges and dreams.
Beyond just securing the best rates, we focus on crafting a comprehensive plan that aligns with your unique lifestyle aspirations and financial goals.
Whether you are upsizing for a growing family or downsizing for a simpler life, our dedicated team is here to ensure that each step of your financing process is as seamless as possible.
With our wealth of resources and expert advice, we empower you to make informed decisions, turning the stress of moving into an exciting opportunity for new beginnings.
Let us help you unlock the door to your next chapter, confident that you have the right support by your side.
Ready to Start Your Mortgage Journey?
Take the first step towards securing your dream home. Contact us today for a personalized consultation or to begin your mortgage application process. Let us guide you with expert advice tailored to your needs.
