Next Home & Upgrader Loans

Ready to upgrade, downsize, or find your next home on the beautiful Gold Coast? This journey is different from your first. It's about leveraging your existing equity smartly to secure your next property. At Max Rich, we specialise in structuring finance for existing homeowners, ensuring a smooth and stress-free transition.

Your Next Home Loan on the Gold Coast

Navigating the Gold Coast's dynamic property market while selling your current home presents a unique set of challenges. You need a clear strategy for unlocking the equity you've built, timing your sale and purchase perfectly, and potentially managing finance for two properties at once. We're here to take the complexity out of the equation. By assessing your financial position and comparing over 60 lenders, we'll design a tailored loan solution that aligns with your goals, whether you're upsizing in Robina, downsizing in Burleigh Heads, or buying an investment in Southport.

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Our 6-Step Strategy for Your Next Property

We've refined our process to manage the specific needs of selling one home while buying another. Here’s how we make it happen.

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1

Equity & Strategy Session

‍We start by assessing the equity in your current property and your future borrowing capacity. We'll discuss your goals and timelines to build a clear financial strategy for your next move.

2

Tailored Loan Structuring

‍We explore the best way to structure your finance. This could involve bridging loans, making offers subject to the sale of your home, or other specialised solutions. We'll find the right fit from over 60 lenders.

3

Securing Your Buying Power

‍With a strategy in place, we secure a pre-approval for your next purchase. This puts you in a strong negotiating position and allows you to search for your next Gold Coast home with confidence.

4

Coordinating Your Sale & Purchase

‍This is where our expertise shines. We work with you, your real estate agent, and your conveyancer to align the timelines for the sale of your current home and the purchase of your new one.

5

From Offer to Unconditional

Once you've found your next home and made an offer, we manage the formal loan application process. We handle the paperwork and lender communications to move your finance to unconditional approval.

6

Coordinated Double Settlement

‍The big day involves two settlements. We coordinate with all parties to ensure a seamless transition, helping you move out of your old home and into your new one without a hitch.

Explore your loan options & their features.

For your next home loan, features like bridging finance, offset accounts, and loan portability become incredibly important. Bridging finance can cover the gap between buying and selling, while a multi-offset account can help you manage your funds effectively. We'll explain all the available options to ensure your loan structure provides the flexibility and power you need.

Variable rate loan

A Variable Rate Loan is a home loan where the interest rate can move up or down according to market conditions. Its greatest strength is flexibility.

Fixed rate loan

A Fixed Rate Loan locks in your interest rate for a set term, typically from 1 to 5 years. This means your repayment amount will not change for the entire fixed period, regardless of what happens in the market.

Split Loan

A Split Loan offers the best of both worlds by allowing you to divide your total home loan balance between two parts: one with a fixed interest rate and the other with a variable interest rate.

Packaged Loan

A Packaged Loan (or Professional Package) bundles multiple financial products, like your home loan, a credit card, and a transaction account, for a single annual fee.

Bridging Loan

A Bridging Loan is a short-term finance solution that "bridges" the gap between buying your new home and selling your old one. It gives you the power to purchase your dream home on the Gold Coast without the pressure of having to sell your current property first.

Line of Credit Loans

A Line of Credit (or Home Equity Loan) is a flexible funding solution secured against the equity in your property. It provides a pre-approved credit limit that you can draw on, repay, and redraw as often as you like, only paying interest on the funds you're using.

Interest Only Loans

An Interest Only loan is a strategic tool where your repayments only cover the interest on the loan for a set period (typically 1-5 years). This results in lower initial repayments, which is ideal for property investors looking to maximise their cash flow and tax deductions.

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Construction Loans

A Construction Loan is a specialised loan designed for building a new home on the Gold Coast. Instead of a lump sum, funds are released in stages (known as progressive drawdowns) to pay your builder as they complete key milestones.

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Helpful calculators.

Explore your financial possibilities and understand potential costs with these handy calculators.

Borrowing Calculator

Use the calculator to find out how much you could borrow.

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Budget Planner Calculator

Use this budget planner to help understand your income and expenses, and where you could make savings.

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Extra Mortgage Repayments Calculator

You could potentially save thousands of dollars and take years off your loan by making extra repayments. Let’s run the numbers.

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Honeymoon Rate Loan Calculator

A honeymoon loan can help reduce your monthly repayments for a set term. Use this calculator to compare what your repayments would be compared to a variable loan.

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Income Tax Calculator

The income tax calculator can be used to calculate your net income.

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Loan Comparison Calculator

Different loans have different fees, features and repayment options. Use our loan calculator to see how the numbers stack up between two loans.

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Loan Repayment Calculator

Use this repayment calculator to understand how much your loan repayments might be.

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Lump Sum Repayment Calculator

This home loan repayment calculator helps you calculate the savings benefits of making additional lump sum repayments on your home loan.

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Mortgage Offset Calculator

Use the calculator to see how quickly you could pay off your loan with an offset account.

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Savings Planner Calculator

Use the calculator to find out how much you could save.

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Stamp Duty Calculator

Find out how much budget you need to set aside to cover Stamp Duty costs and what the requirements are in your state or territory.

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Frequently asked questions.

View our full FAQs
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How will you decide which loan is best suited to my circumstances?

Our recommendation is based on a combination of your personal situation and our legal obligation under the Best Interest Duty. We conduct a detailed analysis of your financial goals, income, and needs. We then use this information to compare hundreds of products from over 60 lenders, assessing not just the interest rate, but also fees, features, and lender policies to find the loan we believe is genuinely best for you.

Should I buy or sell first?

This is a common dilemma for those moving to their next home. Selling first provides financial certainty, but you may need to rent temporarily. Buying first secures your dream home, but often requires a bridging loan and carries more financial risk. We can act as your strategic partner, assessing your financial situation to help you choose the best and safest path for your Gold Coast property move.

Should I rent or buy?

This is a major financial decision with pros and cons on both sides. Buying allows you to build equity and provides long-term stability, while renting offers flexibility and fewer responsibilities. We can help you understand all the costs and financial commitments involved in buying a property on the Gold Coast, giving you the clarity to make an informed decision that’s right for you.

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Should I use a bank or broker?

A bank can only offer you its own limited range of products. As your mortgage broker, we offer you a choice from over 60 different lenders. We work for you, not the banks. Our role is to understand your unique needs, compare the market to find a suitable loan, and manage the entire process from application to settlement, saving you time and stress.

What are the types of mortgages?

There are several types of mortgages available to borrowers, each with its own features and benefits. The most common types include:

  • Fixed-Rate Mortgage: The interest rate remains the same throughout the life of the loan.
  • Adjustable-Rate Mortgage (ARM): The interest rate may change at specified times, usually resulting in lower initial payments.
  • Interest-Only Mortgage: The borrower pays only the interest for a certain period, after which they begin paying off the principal.

Choosing the right type of mortgage depends on individual financial situations and long-term goals.

What are the upfront costs I should be aware of when buying?

Beyond the deposit, there are several other costs to budget for. We believe in full transparency, so there are no "hidden fees." We provide all our clients with a clear breakdown of expected purchase costs, which typically include:

  • Stamp Duty (a state government tax)‍
  • Legal and Conveyancing Fees
  • Building & Pest Inspection Reports
  • Lenders Mortgage Insurance (LMI), if your deposit is less than 20%‍
  • Bank and Government Fees

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Talk to us today about your options.

Let’s chat today and find the right solution for you. Whether you’re buying your first home, expanding your business, or upgrading your vehicle, Maxine and the Max Rich Brokerage team provide expert, obligation-free guidance across the Gold Coast, Logan, Brisbane, and the Scenic Rim, tailored to your goals.

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