Topping Up Your Mortgage
Topping up your mortgage allows you to borrow more money in addition to your home loan, using the equity you have in your property or the amount you have already paid off.
There are many valid reasons why you might be looking to pull some equity out of your property to use elsewhere. Our team can assist you in talking with the banks regarding your financial position and serviceability.
Benefits of a Mortgage Top Up
A note about mortgage top-ups for debt consolidation:
For most situations, using a mortgage top-up to consolidate your short term debt isn’t recommended since it encourages you to get into more debt on depreciating assets. For a strong financial foundation, we recommend eliminating short-term debt and saving toward purchases instead.
Use our Debt Crushers PDF to learn about 03 strategies for paying off short-term debt quickly and how to decide which strategy is right for you.
Our Process
01
Book a 15-min Mortgage Chat with Futurebound
We’ll go over what you’d like to borrow the money for, calculate your borrowing power based on the equity you have in your current house and your serviceability.
02
Negotiations and Confirmation
We will then go to your bank with your proposal to see what they can do for you.
03
Submission
Once the bank and yourself has agreed to the new loan amount, the application form will be signed and submitted with the bank. (Note that if you’re using the money for renovations a building consent may need to be submitted also).
04
Final Stages
Your new loan amount will be finalised and your new mortgage repayments will be set up and ready to go.
Needing Help With Your Existing Mortgage?
Whether you’re looking to refinance, top up your mortgage, or refix your mortgage, you can be sure you’ll get the right support. We’ll dive deeper into your financial situation and you’ll receive a customised plan and strategy to ensure you’re on track to achieving mortgage and financial freedom.
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.
What Our Clients Say
Don’t take our word for it. Here’s what our clients say:
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