Buying a home
Home Loans for Upgrading and Next Home Buyers
Upgrading means juggling two transactions: the home you are selling and the one you are buying. We work out how much your equity and income can support, line up the right lender, and plan the timing so you are not forced into a rushed sale or a stretched purchase.
Homestead is a mortgage broker, not a lender. Our service costs you nothing.
How it works
- 1
We estimate the equity in your current home and what you can borrow for the next one.
- 2
We plan the order: sell first, buy first, or bridge between the two.
- 3
We compare lenders, including your current lender, and arrange pre-approval.
- 4
We coordinate both settlements with your agent and conveyancer.
Who it suits
- Growing families who need more space
- Downsizers releasing equity from a larger home
- Owners relocating for work or lifestyle
- Anyone wanting to keep their current home as an investment
What lenders look at
A guide only. Each lender sets its own criteria, and they change.
- A realistic valuation of your current property
- Income that supports the new loan after the sale
- Your plan and timeframe for selling
- Existing loan conduct and credit history
Frequently asked questions
Selling first gives certainty on your budget but you may need to rent in between. Buying first secures the next home but can require bridging finance. We model both and show the cost of each.
Often, yes, if your income supports both loans. We look at how to structure the loans so the investment debt stays separate and clear for tax purposes. Speak to your accountant on the tax side.