Buying Your Second House
Back in 2013 I found a beautiful girl and we got married and bought our first home together. We didn’t really know what we were doing but we got their in the end.
Life was easy living in a small house with no back yard, always had spare cash and time to just chill on the weekend with my friends or take my partner out for date night.
Then it happened and my world changed for ever, my girl gave me a white stick with two blue lines on it. The house was great for a couple but for a kid, this wouldn’t do I had to get a bigger house.
I was freaking out because I didn’t know what to do next, the first time I got lucky with the first home buyers grant taking care of most of my expenses.
That’s when I found on Facebook the 5 step action plan on buying the second house. It gave me the answers and confidence I needed to move on because time was against me.
I learnt all about borrowing capacity and how to increase it which was fantastic because I know knew where I could afford to buy.
I also found out about the extra costs involved with buying a house including lenders mortgage insurance or LMI and stamp duty which I didn’t have to worry about the first time.
Best of all I learnt about different loan types and the true costs of a loan over time. The loan that was right for you two years ago may not be right for you now.
This couldn’t have come at a better time because I was forced into action and now I had a clear direction.
With a little bit of magic from my dream enabler, I was able to restructure my current loan that not only gave me the funds to buy the house of our dreams but I was also able to keep my old house as an investment property.
With my partner about to be off work it made us both feel comfortable knowing that we were getting a second income and tax breaks to get us further ahead. Now we have the power to choose when my partner goes back to work and not forced to do it to make sure we can pay the mortgage for our new McMansion.
The uncertainty of not knowing my next move is gone and I now have a roadmap to kick start my property empire.
Hi I’m Michael Mackenzie and I’m that dream enabler who wrote the 5 steps to buying your second house. You can download it by entering your details below and who knows you might be able to keep your original house when you buy your second just like Duncan.
At my finance people we have been helping people like Duncan for years and have over 150 five star reviews on google as well as Facebook. Our goal is to finance your dreams today.
I can’t guarantee you the same success as Duncan but I’m sure you will learn a lot and I guarantee it will be worth your time to read to the very end of the 5 steps to buying your second house.
To get similar results to Duncan you need a combined income over $100,000 a clean credit history, over 10% equity in your current house and funds to cover costs for the next purchase.
Diploma of Finance and Mortgage Broking Management
Mortgage & Finance Association of Australia (MFAA) Full Accreditation