Whether you're looking to buy a larger home, downsize or just wanting a change of scene, we are here to assist you.

The process of purchasing your second property will have many of the same steps that applied to your last purchase, however, it can be stressful for a number of reasons. By knowing what’s involved you can be confident all will run smoothly, and also, we will be here to help you every step of the way.

 

Talk it through

A lending consultant will be in touch to answer all your questions, and progress things to the next stage. We may be able to provide you conditional approval to help you confidently bid or make an offer knowing how much you can afford. Conditional approval is valid for 90 days, but it can be renewed if you need more time.

 

Ready to buy?

If you are ready to buy, a fast approval is crucial so when the right property comes up, you are in a position to purchase it straight away. Our lending specialists can assist you in obtaining a full approval quickly and easily.

Buying your second home

Buying a home can be easier the second time around, as you will have a better idea of what to expect. However, if you bought your first home a while ago, there may be additional costs that you haven’t considered or selling costs that you haven’t had to deal with before.

  • Exploring different scenarios
  • How to unlock your home equity
  • Know the costs involved

Family Home Guarantee (FHG)

The Family Home Guarantee aims to support eligible single parents with at least one dependent child in purchasing a family home, regardless of whether that single parent is a first home buyer or a previous home owner. You can use the Family Home Guarantee to build a new home or buy an existing home with a deposit of as little as 2%. For more details and a comprehensive list of eligibility criteria, please read the Family Home Guarantee Fact Sheet. When you’re ready to apply, you can book an appointment online or request a call from a lending specialist who will help you with your application.

What loan options are available?

 

Take advantage of a home loan with offset and much more with our package home loan.

  • Establishment fee waived (Normally $600)
  • Available for first home loans
  • 100% Offset facility
  • Var Rate P&I LVR up to 60% 6.09 % p.a. Interest rate
  • 6.39 % p.a.
    Comparison rate

Keep it simple with our basic low-rate home loan with flexible options to help you to do your home loan, your way.

  • Get the best of both worlds with fixed and variable rate options.
  • Get the security of unlimited fee-free redraw.
  • Make unlimited additional repayments on variable loans.
  • Basic Var P&I LVR up to 60% 6.09 % p.a. Interest rate
  • 6.15 % p.a.
    Comparison rate

Not ready to apply but simply wish to make an enquiry?

Leave your details below and one of our consultants will be in touch.

 

All applications for credit are subject to our responsible lending criteria. Fees and Charges apply. You can find our Consumer Lending terms and conditions and Credit Card terms and conditions available online or from any of our offices.

Your privacy at the Bank is important to us. Please read our Privacy Framework along with our Privacy Notice and our Privacy Consent - Lending.

If you submit this form, the Bank may contact you about products and services we offer which may be of interest to you, unless you have opted out of receiving marketing communications. If you are not an existing member, and you do not take out the product or service this form relates to, the Bank will not use your personal information from this form for marketing purposes after 6 months from when you submit the form. For more information, please refer to our Privacy and Credit Reporting Policy


Why choose Australian Mutual Bank?

Footnotes:

  • 1 Loan to Value Ratio (LVR) is the ratio of money you borrow compared to the value of the property used as security, as determined by the Bank.
  • 2 Comparison rate warning: Comparison rates quoted are based on $150,000 for a term of 25 years. Rates apply to secured loans only. WARNING: This Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different Comparison rate.