Buying Your Next Home
We believe that everyone should have the financial ability to live the life they want. Whether your family has grown, you’re looking to downsize, or are after a bigger house or a new reno project to take on etc. we can help. Our Mortgage Brokers can help you figure out how much equity your current home has and how this can help you purchase your next home.
Haven’t sold your current property yet? No worries! The team at Futurebound can arrange a plan to assist you in the sale or rental of your current home.
First things first - let’s figure out your situation.
The first step to buying your next home is evaluating your situation to help determine how many different options you have available when purchasing your next home. Some options may be ones you’ve never even considered.
There are many different options available when it comes to purchasing your next house.
How much equity do I have in my current home?
Equity is created by either reducing your mortgage through repayments or through your home appreciating in value (aka capital growth). You can work out a loose estimate of your house’s current value by using a free online tool such as homes.co.nz or qv.co.nz. The amount of equity in your current home will determine your finance options and budget for your next house.
Will you sell, then purchase?
This is one of the most common ways to get into your next home. Selling your existing home before buying a new one means you’ll avoid covering two home loans at once.
Will you purchase, then sell?
Buying a house first puts time on your side. You’re free to hunt for homes without a settlement date looming. Your finances, however, may not be on your side. To secure a new home, you’ll need to come up with the money for a deposit which might be tricky if your equity is tied up in your existing property.
Will you keep your current property as a rental?
Often not even thought of, but keeping your current property as a rental can ensure a nice bit of passive income for you and your family, not to mention the capital growth for future endeavours.
Is there an option for you to subdivide your current property?
If you really love the location and are sitting on a nice piece of land, you could investigate the option of building a second house (your dream home or next home) on the land and keeping the existing dwelling as a rental or selling it once the subdivision is completed.
Would you consider renovating?
If you love the character of your home but it needs a bit of a facelift, you may be able to use the equity in your existing home to get a loan to make some improvements.
If you’re having some issues deciding on what might be best, or know exactly what you’re wanting to do, book in a mortgage advice consult with us. We can go over your current financial situation and help determine how much usable equity you have in your current property. We’ll also be able to go through what steps you need to take in order to move forward such as getting a physical valuation on your property, applying for a bridging loan etc.
Why Work With Futurebound?
Years of Expertise
We have 50+ years of combined experience and expertise within the Mortgage Advisory and Financial Coaching space, so you can ensure you’re in safe hands.
Award-winning Team
We’re an award-winning team, and are proud as punch about it! To view our awards we’ve received over the time we’ve been in business, check out our testimonials page.
Thought Leader
We are someone with trusted opinions within the mortgage and financial space. To view the publications we’ve been featured in, check out our testimonials page.
Tips
We educate so we can fill your knowledge gaps around financial concepts and information as we know it wasn’t learnt in school, your parents didn’t teach you, and the banks won’t tell you.
Tools
You’ll always get the right tools so you can implement quickly and apply what you’ve learned to your own situation as soon as possible
Support
We provide coaching and accountability to ensure you’re on the right track and that you don’t make any costly mistakes on your journey.
Needing Help With Your New Mortgage?
Share your financial goals, dreams and desires with us and we’ll check that you’re financially prepared to get your new mortgage for your first home, next home, or investment property.
What Our Clients Say
Don’t take our word for it. Here’s what our clients say:
5 Star Rating On:
