Loan for Existing Home Owners, MORTGAGE to Purchase a Second Home or Rental Property

Buying your next home is often required to fit a growing family, move into a new area or purchase a rental investment property.

As with first home buyers, extending the mortgage is also a big financial decision.

It’s important to work with someone who knows the finance requirements when selling your existing property and purchasing a new property. 

That’s where I come in. As your mortgage broker I offer extensive services and consulting around the home loan process.

Services Provided to Existing Home Owners;

  • Assist with the co-ordination of buying a new property and selling your existing property in the same market.
  • Obtain bridging finance from your existing lender or from a specialist lender if settlement dates do not match up.
  • Discuss options around keeping your existing property as a rental investment if that is a goal of yours.
  • Help with finance requirements to purchase your first or second rental property
  • Review existing and new mortgage structures to ensure you are in a position to minimize interest costs over the life of your mortgage.
  • Provide competitive interest rates for your mortgage refinance and refix – and quickly compare with other lenders.
  • Provide house insurance reviews and competitive house, contents and car insurance quotes
  • Provide Personal Risk Reviews to ensure you and your family are adequately insured.

As before my services to you are free. I work as your advocate and ensure you get the best mortgage advice. I am only paid a commission from the bank once your mortgage is secured and successful.

first home buyer

My job is to walk you through the mortgage process and ensure you get the right mortgage and have a financially stable future ahead of you.

You don’t need to commit this to memory, but below is an overview of what my process looks like for first time home buyers:

Meeting and Chat

Every mortgage and loan is different, so I take the time to understand you and your situation, so we can prepare the right supporting documents for the bank

Set up for Mortgage Application Success

One of the biggest parts of my job is making sure your application is complete and attractive to the banks to approve the loan. Your application is custom built to highlight your individual circumstance and lending eligibility.

Summary and Action Steps

I get it, it’s a lot to remember. After our first meeting, I will send you a summary that you can refer to at any time, plus a list of the action points we need to take to get ready for the next step.

Home Ownership Budget

Indicative home ownership budgets will be presented along with quotes for homeowners’ insurance to demonstrate that the budgeting for a new home has been well thought out and established.

A Home Buyers Financial Assessment

There are several hidden costs that come with buying a home that aren’t included in mortgage payments. To ensure you are fully prepared for the transition, we do a financial assessment to compare your existing fixed costs and the added costs of a new home to ensure you have the right finances in place.

Options for Deposits – (Including Bridging Finance)

Second time home buyers are limited in their options for deposit funds. Often it is the equity in the existing property, plus savings which is used for a deposit.
Depending on the settlement dates, applications may need to be presented with a request for bridging finance.

Second Time Home Buyers Checklist

Buying your second home (along with selling your existing home) is a time-sensitive process with many steps. To help keep things on track, I offer a full checklist of steps and timeframes that need to be met. You will never be unsure of where we are in the process.

This is just a brief summary to give you an idea of what the process looks like to prepare for a mortgage. If you are ready to get started or want to ask a few more questions, contact me today.

    Testimonials

    • 5 star review  Oliver has worked with our family for over 20 years and we will continue to use his expertise well into the future. He has personally help me purchase my first home and rental investment, and always finds us the best interest rates every time we refix. Oliver is your go to guy when it comes to buying property and I can't recommend him enough.

      thumb Lis Garman
      01/10/2021
    • 5 star review  Oliver helped me with every step of my first home purchase. He's very responsive and helpful. Definitely saved me a lot stress and work 🙂 I'd recommend to anyone looking to purchase a house.

      thumb mejsnarp
      26/02/2021
    • 5 star review  Anyone who asks for help with Mortgages, I happily give Oliver's name! I am so very grateful for his help last year getting some stability with our home. He was extremely professional and very patient helping me with anything I was not sure on during the process. I highly recommend Oliver. Oliver thankyou so so much for all your fabulous work helping me and the kids secure our future! aka V Evans

      thumb ness L
      03/09/2020
    • 5 star review  Oliver brought our dream to reality. He is amazing.

      thumb Iran Lover
      07/11/2021
    • 5 star review  Me and my wife Rebecca had the opportunity to work closely with Oliver when purchasing our first property. We had already done some research and Oliver came highly recommended to us. Straight from the outset Oliver put us at ease! something which was so important as we started our process of being first time homeowners!. Throughout the course of the coming weeks and months Oliver was always on hand to guide us in the process and we felt completely assured step by step. Oliver was highly knowledgeable, experienced and professional and we can't thank him enough for all his guidance! he was outstanding and any question or concern we may have had he quickly put us at ease. We would highly recommended Oliver for any mortgage and insurances queries.

      thumb Jess Ibrom
      02/03/2021
    • 5 star review  Oliver provides concise mortgage advice enabling you to make informed decisions during the process. I have used Oliver's services several times over the years and each time been happy with the outcome.

      thumb Patrick Long
      19/12/2021
    • 5 star review  Working with Oliver was great! We felt like we had constant support throughout the journey, which is quite overwhelming for a first home buyer. We would highly recommend working with him.

      thumb Chris Morgan
      28/02/2021
    • 5 star review  I recently purchased my first home. It took 8 months to find the right house in the current market. Oliver patiently assisted me through the entire process. I found Oliver to be extremely knowledgeable, helpful and was very prompt on communication with the many queries I sent to him. I highly recommend his services.

      thumb Hanna Marshall
      24/03/2021
    • 5 star review  Oliver is truly the best broker we have ever used. He assisted us with new build home loans, commercial finance and finance. He is super knowledgeable, helpful and honest. We have used Oliver for many years. He helps you every step of the way.

      thumb Lara Kamionka
      15/05/2022
    • 5 star review  Oliver was excellent in helping us purchase our very first home. Oliver is very approachable, has great knowledge and very welcoming. Oliver was great at answering our questions and making sure he was available to us if we needed to ask anything. I would highly recommend Oliver if you are in Auckland.

      thumb cassandra louise Jobin
      02/07/2021