young-family

"Dear Erika - I want to thank you so much for making my experience in the property market an enjoyable one. You are an important part of my wealth journey and your professional experience and knowledge has greatly guided me. Thank you for looking out for me, as you see through the glitter and sparkle of special offers. You are truly someone I can trust and I thank you for being so helpful." Wendy

Can you finance a second home?

When it’s time to move on, find the exact financial position you’re in. Most people sell their first home to buy their next one, but you may not have to. Knowledge is power and we aim to equip you with all the information you need to make confident and financially wise mortgage decisions.

4 Easy Steps

1. How much can you borrow? An Aurora Finance Group mortgage professional can give you an accurate indication of your  borrowing capacity

2. What costs are involved? Find out the real costs of borrowing by viewing the checklist below.

3. Selecting the most suitable loan: Our mortgage professionals can help you select a loan that really suits your situation and they’ll explain what’s important when choosing a loan.

4. Submitting your application: We’ll save you time, stress and hassle by packaging your application and supporting information and submitting it to your chosen lender so that it goes quickly and smoothly through the application process.

Find out the real cost of buying

When you buy and sell property, you will need to be aware of the following potential financing costs:

  • Application Fees
  • Lendors Mortgage Insurance (LMI)
  • Stamp Duty
  • Conveyancing
  • Building & Pest Inspection
  • Adjustments
  • Rate Lock Fee
  • Document Preparation Fee/Legal Charges
  • Bank/Lender Legal Fees (or settlement attendance or disbursements fee)

An Aurora Finance Group finance professional will take you through all of the costs so you know exactly where your money is going and to whom. This is also essential in helping you establish how much you can borrow and answers the question: can you finance a second home?