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.

Bridging loans: should you buy or sell first?

If you find yourself in a position where you buy your next property before you’ve sold your existing one, we can help you bridge the gap.

A bridging loan is a short-term facility that covers the financial gap between the purchase of your new property and the sale of your existing property.

What loan options are available?

 

Lock in a competitive rate for up to 5 years

  • New Loans from $20,000 only
  • No monthly or annual fees
  • Additional repayments up to $20,000 without penalty
  • 3 Year Fixed 1.98%pa Interest rate
  • 2.54%pa
    Comparison rate

A home loan that keeps things simple and saves you money

  • No Annual Fee
  • Free redraw facility
  • Minimum loan only $20,000
  • Variable 2.54%pa Interest rate
  • 2.60%pa
    Comparison rate

Be prepared for those unexpected expenses with our flexible overdraft account

  • Access money whenever you need
  • No annual fee
  • Free redraw facility
  • Variable 4.00%pa Interest rate

Our most popular Home Loan with a very attractive variable rate

  • Offset 100% of the balance
  • Redraw facility
  • Family Support Option available
  • Variable 2.64%pa Interest rate
  • 2.70%pa
    Comparison rate

A loan that allows you to purchase your new property before you sell your existing one

  • Offset 100% of the balance
  • Free redraw facility
  • Interest only option available
  • Variable 4.10%pa Interest rate
  • 4.17%pa
    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.

 

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Why choose Australian Mutual Bank?

Footnotes:

  • 1 At the end of the fixed period the rate reverts to the Owner Occupied Standard Variable rate.
  • 2 This comparison rate is based on a $150,000 loan over a term of 25 years. WARNING This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. All loan applications are subject to Australian Mutual Bank Ltd normal lending criteria. Fees and charges, terms and conditions apply.