Thinking about a second property?
If you’re already a homeowner, buying a second property may feel like a distant goal. Whether you’re dreaming of an investment, a future family home, or a beachside getaway, it’s easy to assume you need years of saving before making your next move.
At Mynt Financial, we often help clients discover they’re closer than they think. Here’s how you might be able to buy your next property sooner than expected and with a strategy that supports your long-term financial goals.
1. Use Your Equity Strategically
If your current home has increased in value, you may be able to tap into the equity – (the difference between the property’s market value and what you owe on the loan).
Equity can often be used as a deposit for your next property. That means:
No need to save another 20%
Potential to avoid Lenders Mortgage Insurance (LMI)
A faster path to property number two
Example: If your home is worth $850,000 and your loan balance is $500,000, you may have $350,000 in equity. With the right structure, a portion of that could be used as a deposit on your next purchase.
At Mynt Financial, we often help clients discover they’re closer than they think. Here’s how you might be able to buy your next property sooner than expected and with a strategy that supports your long-term financial goals.
2. Refinance for Better Borrowing Power
Many homeowners stay with the same lender for years and miss out on opportunities. Refinancing can help you:
Secure a sharper rate and improve cash flow
Access usable equity for your next purchase
Simplify your financial position by consolidating debts
We compare products across dozens of lenders to help you build the right foundation for your future investments.
3. Consider a Partner or Family Guarantee
Some clients buy with a friend, family member, or partner. Others use a guarantor to support their deposit or avoid LMI. Done right, these strategies can accelerate your plans and unlock borrowing capacity you didn’t know you had.
We’ll help you understand the risks, benefits, and structure to protect all parties involved.
4. Understand How Investment Loans Work
Investment lending is assessed differently from owner-occupied lending. Our team will guide you through:
Principal and interest vs interest-only options
How rental income is factored into servicing
Tax considerations and implications
Planning for future borrowing or exits
We’ll help you understand the risks, benefits, and structure to protect all parties involved.
5. Choose the Right Loan Structure from Day One
It’s not just about whether you can buy – it’s about how you set things up to support future plans. We’ll help you:
Decide whether to split loans or consolidate
Use offset accounts effectively
Avoid cross-collateralisation where possible
Align your structure with your long-term goals
Client Story: Alex and Priya’s Investment Leap
Alex and Priya assumed they were locked into one property for the foreseeable future. But after working with a Mynt Lending Specialist, they refinanced their home loan, unlocked usable equity, and purchased an investment property in a growing suburb — with a long-term tenant in place.
They now receive $700 per month in rental income and have a structure that sets them up for future purchases.
Are You Ready to Explore Your Options?
You don’t need to have all the answers before speaking with us. Whether you’re six months or six years away from your next property, the right guidance now can make all the difference.
Book a complimentary strategy session with a Mynt Lending Specialist today. We’ll help you understand your position and your potential.
Disclaimer:
The information provided in this article is general in nature and does not constitute personal financial advice. Individual circumstances vary, and we recommend speaking with a qualified mortgage broker, legal representative, or financial adviser before making any financial decisions. Loan products and policies are subject to change.
