Consider this...
Each lender has their own calculators for working out how much they will lend you so work out which one will lend you the most.
Your choice of lender will effect how much you can borrow to upgrade your home.
When buying your new home before you settle on the sale of your current home you may need to finance both properties at the same time.
Your income may not be sufficient to support a loan approval for both loans.
Short term bridging loans to finance both properties is expensive.
Some lenders will fund both properties during the changeover even if you only have sufficient income to pay for the loan on the new home.
The finance market has changed rapidly. Your current loan may not be as competitive as a new loan.
Lending rules for your existing loan may have changed. If you need an increase to your existing loan it may be harder than you think.
Consider the total cost to change loans including exit costs from your current loan and entry costs into your new loan. |
Onyx helps you to...
Work out which lender will lend you the most.
Assess the total cost of staying with your current loan, using bridging finance, or changing to a new loan.
Work out whether to stay with your current loan or change
Get the timing right by arranging your loan approvals and settlements so you have funds when you need then.
Make sure everything goes smoothly by working with you, your conveyancer, and the funders
Onyx will then...
provide you with support after your loan settles
helps with your plan for your next property purchase whether that’s a new home or an investment property.
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