Downsizing Home Loan Wollongong
Welcome to Wollongong's Downsizing Home Loan
experts.
SimpleFin are Wollongong Downsizing Home Loan experts, helping locals across all of wider Illawarra get stress-free loans. Simply get in touch to discuss your Downsizing Home Loan goals.
We had a great experience with Greg from SimpleFin regarding what to do with our home loan, the funds we had in offset and how we could look to invest for our future. We would have set our home loans up all wrong if it wasn't for Greg. Highly recommend working with him, it was great!." ⭐⭐⭐⭐⭐
Downsizing Home Loan Mortgage Brokers that care
We help you find better Downsizing Home Loan options.
Your first home or your fifth, SimpleFin help make Wollongong home loans and financing simple. With access to 60+ leading lenders, no pushy sales, no confusing lingo, just local finance experts that find real options that works for you.
Greg began his broking career in 2014 at a boutique mortgage brokerage on Sydney’s Northern Beaches, quickly mastering the ever-changing lending landscape. In 2016, he joined NAB as an in-house mortgage broker, working with MLC (now IOOF/Insignia) Financial Planners, where his strong relationships and client-first approach led to rapid success.
From 2017 to 2024, Greg held key roles at PLAN, Choice, FAST, and Loan Market, ultimately serving as State Manager under Loan Market’s new private ownership.
Now, as a proud Wollongong local with a young family, Greg is dedicated to helping Wollongong locals achieve their financial dreams through home ownership and wealth creation.
1. Local Downsizing Home Loan experts.
Every question you have, no matter how big or small, gets a straight answer from the same person every time. You’ll always know exactly where you & your loan stands.
2. Jargon-free advice.
Home loans come wrapped in language most people don't use. LVR, LMI, comparison rates, serviceability. We cut through the noise and explain everything simply & practically.
3. More lender choice.
With 60+ lenders on our panel, we compare options and negotiate on behalf of our Downsizing Home Loan clients, so they can see how their loan stacks up.
We compare 60+ lenders to find a Downsizing Home Loan solution that works for you.
We work with Australia’s leading banks and non-bank lenders, giving you more options and loans tailored to your exact needs. No bias, just what works best for you.
WOLLONGONG MORTGAGE BROKER REViews
“We couldn’t be happier with the service we received from Greg at SimpleFin. We went to him with quite a complicated financial arrangement, and he made the whole process feel so much easier and more manageable. He was incredibly helpful and genuinely cared about getting the best outcome for us. We’re so grateful for his guidance and highly recommend him to anyone. Thanks again Greg!"
Annelie Watt
June 2026
★★★★★
Contact our Downsizing Home Loan expertS
Chat to our Downsizing Home Loan experts today.
We've been helping Wollongong home buyers, investors and families since 2014, with Downsizing Home Loan
advice that works for you - not the bank.
Get in touch.
We'll reply the same way you contacted me, unless you say otherwise.
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FAQs.
A Wollongong Downsizing Home Loan
should be simple, transparent and tailored to you. Here are some questions we're asked, with no jargon.
Do I even need a loan if I am downsizing?
Not always. If your new home costs less than the sale price of your current one, you may not need finance at all. Many downsizers, though, still want a smaller loan to bridge timing, fund renovations on the new place, or avoid tying up all their cash in property.
Others buy the new home before selling the old one, where a bridging loan covers the gap until settlement. We will look at your situation and tell you whether a loan is needed and, if so, how small it can be.
I am retired or near retirement, can I still get a loan?
It can be more complex but is often possible. Lenders must be satisfied you can repay the loan, and for older borrowers they look closely at your exit strategy, which may be superannuation, the sale of another asset, or ongoing income.
Some lenders are more comfortable with retiree lending than others, and the loan is often structured over a shorter term or a smaller amount. We match you to a lender whose policy suits your circumstances.
How does downsizing affect my finances beyond the loan?
Downsizing can free up equity, reduce ongoing costs and simplify maintenance, but there are moving parts worth planning for, including selling costs, stamp duty on the new purchase, and any impact on pension or superannuation arrangements.
We focus on the finance side and work in with your accountant or financial adviser on the broader picture so the numbers all line up.
Should I buy my smaller home before selling?
If the right property comes up before yours has sold, a bridging loan lets you secure it and sell afterwards. This avoids missing out in a tight market, with the trade off that interest capitalises until your existing home settles.
If you would rather avoid that risk, selling first and renting briefly is the more conservative route. We will compare both so you can choose with clear numbers in front of you.