Buying Another Home

Home Loans & Investment Property Financing

Are you thinking about buying another home? Whether you’re upgrading, downsizing, or investing in property, Mortgage Field is here to guide you through every step of the home loan process.

Why Buy Another Home?

There are several reasons you might consider purchasing an additional property:

• Upsizing or Downsizing: Sell your existing home and purchase a new one that better suits your current needs.

• Investment Property: Use the equity in your current home to buy an investment property and grow your wealth.

• Holiday Home or Second Residence: Secure a getaway spot or a second home for convenience.

• Support Family Members: Purchase a property for children or ageing parents.

No matter your reason, our expert team will help you navigate the complexities of home loans for second properties.

How We Help You Secure Your Next Home

Applying for a second home loan or an investment property loan can be more complex than a first home purchase. We provide:

• Personalised Loan Advice: Tailored solutions based on your unique financial situation.

• Access to Multiple Lenders: We compare offers to find the best interest rates and terms.

• Equity Utilisation Strategies: Learn how to leverage your existing property’s equity effectively.

• First-Time Investor Support: If you’re new to property investment, we’ll simplify the process and ensure you’re fully informed.

Home Loan Affordability & Application Process

Affordability is a critical factor when applying for any home loan, especially for additional properties. Lenders will assess your income, existing debts, and overall financial health to ensure you can manage the new loan repayments.

What Do Banks Look For?

• Debt-to-Income Ratio: Ensuring your income supports multiple loan obligations.

• Existing Mortgage Performance: A strong repayment history on your current home.

• Equity in Current Property: How much of your home’s value can be used towards your next purchase.

• Rental Income (for Investment Properties): Lenders may consider potential rental income when assessing affordability.

Each bank or lender has different criteria, but that’s where we come in. Mortgage Field has access to a variety of tools and lender networks, allowing us to find options that suit your needs.

Ready to Buy Your Next Home?

Whether you’re looking to upsize, downsize, or invest in property, we’re here to make the process as smooth as possible. Contact us today to discuss your options and get expert guidance on securing your next home loan.

Call us at 0800300306 or enquiry@mortgagefield.co.nz to get started!