Buy another property
Looking to buy another property and need a helping hand with your finances? If you already own a home, you may be able to use the equity you’ve built up as your deposit!
Equity is the portion of the property you own after you’ve paid off your loan. For example, if your current property is valued at $300,000 and your current home loan stands at $100,000, the equity in your current property is $200,000. If you’d like to buy an investment property worth $160,000, you may be able to use the equity for the purchase and we may not need to take security over the investment property.
If the purchase price of the investment property exceeds your equity, you’ll still be able to apply for a home loan but we’ll need to take security over both your home and the investment property.
To get an accurate idea of how much you’ll be able to borrow based on the equity in your current property, contact an ANZ Mobile Mortgage Manager or visit an ANZ branch. And remember, we offer a wide selection of home loans, packed with flexible features. Take a look at the loans available.
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ANZ lending criteria, terms and conditions and fees apply to all loans.
You can ask for more information, including full terms and conditions for all of ANZ's lending products and a current Disclosure Statement, published by ANZ National Bank Limited, at any ANZ branch.
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