Decide what option works for you
Move to a new home
Planning your next home is an exciting step. Understanding your lending options, settlement timing, and available support can help make the process smoother.
Buy another property
Whether you're purchasing an investment property or expanding your property portfolio, it's helpful to understand how your existing lending may support your next purchase.
Refinance your home loan
You may be considering refinancing, restructuring your home loan, or reviewing your current arrangements. Exploring your options now can help you understand what may be available to you.
Pay off your mortgage
Reaching the point of paying off your mortgage is an important milestone. Understanding the final steps involved can help you plan with confidence.
What to consider before your next property move
As you explore your options, it's useful to understand any costs or requirements that may apply to your situation.
Depending on the changes you're considering, factors to review may include:
- Your current loan structure
- Any cash contribution arrangements
- Legal or valuation requirements
- Administration or property related costs.
Understanding these early can help you make decisions with confidence.
Understand your current home loan
Understanding how your current home loan is set up can help you make informed decisions and identify opportunities that may work for your circumstances.
Fixed rate home loan
A fixed rate home loan provides certainty over repayments for an agreed period. If you're considering changes before your fixed term ends, a break fee may apply.
This could include:
- Repaying your loan early
- Refinancing
- Making significant additional repayments
- Changing lending or security arrangements.
Because every situation is different, it's a good idea to check with an ANZ Home Loan Coach, they can help you understand what options are available and whether any costs may apply.
Floating or variable rate home loan
A floating and variable rate home loan can provide greater flexibility if you're considering making changes or additional repayments.
If you're unsure how your lending is structured, we're here to help.
Cash contribution arrangements
If you received a cash contribution when your home loan was established, it's worth reviewing the terms of your agreement before making changes.
We'll be happy to help explain how this may apply to your circumstances.
Additional costs to plan for
Depending on your situation, you may also wish to budget for general costs such as solicitor's fees and property valuations.
There also could be applicable fees for mortgage discharge services and administration costs.
Knowing these upfront can help create a smoother transition when you're ready to move forward.
Completing your home loan journey
When you've fully repaid your home loan, there are a few final steps to complete to update your property's title records.
Your solicitor can generally assist with this process to ensure everything is completed correctly.
Support for your next step
Talk through your options with a Home Loan coach
Every homeowner's situation is unique. An ANZ Home Loan Coach can help you understand:
- How your current lending may support your plans
- Any considerations relevant to your situation
- Costs that may apply
- Ways to structure your lending for your next move.
Moving from one home to another
Buying and selling property at the same time can create additional considerations around timing and funding.
The good news is there are a range of options available depending on your circumstances.
Factors that may influence your approach include:
- Your financial position
- Settlement dates
- Local market conditions
- How much flexibility you need during the transition.
Learn more in our article Should you sell before you buy?
Bridging finance
If your new property settles before your existing property sells, bridging finance may be an option worth exploring.
Bridging finance can provide short-term support while you're transitioning between properties, helping create more flexibility and allowing you to focus on your move.
Our Home Loan Check In
Whether you're planning your next move or exploring your options, our ANZ Home Loan Coaches can help you move forward with confidence.
The Home Loan Check In is free, there is no obligation, and it will only take about 15 minutes. Our coaches are happy to talk to you over the phone or in person, whatever suits you.
More helpful content
Important information
ANZ lending criteria, terms, conditions, and fees apply. Interest rates and fees are subject to change.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 269 296, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure.