Upsizing Home Loan Wollongong
Welcome to Wollongong's Upsizing Home Loan
experts.
SimpleFin are Wollongong Upsizing Home Loan experts, helping locals across all of wider Illawarra get stress-free loans. Simply get in touch to discuss your Upsizing 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!." ⭐⭐⭐⭐⭐
Upsizing Home Loan Mortgage Brokers that care
We help you find better Upsizing 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 Upsizing 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 Upsizing Home Loan clients, so they can see how their loan stacks up.
We compare 60+ lenders to find a Upsizing 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 Upsizing Home Loan expertS
Chat to our Upsizing Home Loan experts today.
We've been helping Wollongong home buyers, investors and families since 2014, with Upsizing 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 Upsizing Home Loan
should be simple, transparent and tailored to you. Here are some questions we're asked, with no jargon.
How do I finance an upgrade to a larger home?
Upsizing usually involves either selling your current home and buying the next, or buying first and selling afterwards. If you need to purchase before selling, a bridging loan can cover the gap. If you sell first, the equity from the sale becomes the deposit on your larger home.
The key question is borrowing capacity at the higher loan amount. We assess what you can comfortably service on the new home, factoring in the sale proceeds, before you start inspecting so you are shopping to a realistic budget.
Can I use the equity in my current home to upsize?
Yes, and it is the most common way people fund a larger home. Usable equity is generally the difference between your property's current value and what you owe, up to about 80% of the value without Lenders Mortgage Insurance.
Property values across suburbs like Figtree, Corrimal and Thirroul have moved at different rates, so the first step is an accurate valuation of your existing home. We can order upfront valuations with several lenders before committing to an application.
Should I buy first or sell first when upsizing?
Both approaches work and each has trade offs. Selling first gives you certainty on your budget and avoids carrying two loans, but may mean renting or moving twice. Buying first lets you secure the right home in a tight market, with bridging finance covering the overlap, but carries the risk of your existing home taking longer to sell.
The right choice depends on the state of the local market and your appetite for risk. We will walk you through both scenarios with real numbers.
Will my repayments increase a lot when I upsize?
Usually yes, because you are borrowing more, though the increase depends on how much equity you carry across from your current home. A larger deposit from your sale reduces the new loan and softens the repayment jump.
We assess the new repayment against your income with the lender's buffer applied, so you know it is comfortable before you commit, not just achievable on paper.