Mortgage Broker in Forest Lake

It depends on your equity and risk appetite. Bridging finance lets you buy before selling; a simultaneous settlement avoids paying two loans but adds timing pressure. We model both with real numbers so you can choose deliberately.

Lenders generally allow borrowing up to 80% of the property value without LMI. On the $960,000 median with a $400,000 loan remaining, that is potentially over $350,000 in accessible equity for renovations, investment or upgrading, subject to serviceability.

Yes, mainly through the unit and townhouse market around the $480,000 mark, which fits comfortably under the First Home Guarantee price cap and, for new builds, qualifies for the $30,000 FHOG and zero stamp duty.

No. There's no cost to you. The lender pays us on settlement and the commission is disclosed.