Next Home Loan

Whether you’re looking to buy your next home or renovate your current one, Kohli Loans is here to help you make the move with ease. Our team of expert mortgage brokers takes the time to understand your goals, offering tailored financing solutions that fit your needs. We simplify the process, ensuring you get the best rates and terms for your next home loan. Whether upgrading to a larger property or refinancing for renovations, we are dedicated to providing personalized support and guidance. With Kohli Loans, making your next move is hassle-free and stress-free.

Why Choose Kohli Loans

At Kohli Loans, our mortgage brokers are in your corner helping you to buy your Next Home Loan. Here’s how we help.

We put you first

We get to know not just you, but also your goal. While being responsive and flexible during the process.

Experience you can trust

Our mortgage brokers are experienced professionals with extensive lender and finance knowledge.

Access to lenders

We have strong existing relationships with over 60 lenders to help us negotiate the right deal.

Strong ethical standards

We go beyond the standard expectation when it comes to our compliance practices.

Flexibility support

We keep your options open and risk assess as we go. You can trust our quick response times and after hours support.

We are number one

We are rated the Top performing brokerage in Australia.

FAQ

  • You may have equity in your current home that can be used for the down payment.
  • Your financial profile may be different (e.g., more stable income or an existing mortgage payment).
  • The loan options may differ, such as higher loan limits or the ability to use existing home equity.

Yes, you can use the equity in your current home as part of the down payment for your next home. If you have built up significant equity in your current home, it can help reduce your down payment requirements and improve your loan options.

The amount you can borrow for a next home loan depends on:

  • The value of your new home.
  • The equity you have in your current home.
  • Your income, credit score, and debt-to-income (DTI) ratio. Lenders will typically consider how much you can afford to borrow based on your financial situation, and the price of the new home you’re purchasing.

Yes, it's possible to keep your old home and buy a new one, but there are financial considerations to take into account. You'll need to qualify for the new mortgage in addition to maintaining your current mortgage payments. If you plan to rent out the old home, you may be able to use rental income as part of your qualification for the new loan.

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