Mortgage Broker Maroubra | Maroubra Home Loans

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Mortgage broker Maroubra

A lovely beachside suburb with a laidback coastal feel, you’ll be surprised that Maroubra is so close to the bustle of the city. An official National Surfing Reserve, Maroubra beach is also home to relaxing coastal walking paths, barbeque areas, and green spaces, ideal for anyone craving an outdoor lifestyle. During the cooler months you may even spot humpback whales on their annual migration! After a dip in the ocean at Mahon Pool, take your pick of restaurant options at the beach or nearby Maroubra Junction. With transport readily available to take you into the city, and the airport close at hand, you’ll wonder why you didn’t move here sooner!

The median house price in Maroubra was $2,620,000 in 2022, with apartments reaching $980,000. If you’re looking for a property in Maroubra, contact David Koh today to talk about finding you an amazing home loan.

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Using a guarantor to buy a home

For first-time home buyers, saving a 20% deposit can seem like an insurmountable task, especially while renting at the same time. Fortunately, there are solutions to this problem. A guarantor may be the helping hand that buyers need to get into the property market faster with a smaller deposit. Another benefit to having a guarantor is that they can help first-time buyers avoid Lenders Mortgage Insurance (LMI), which can be a significant cost for buyers without a 20% deposit.

A guarantor, usually a close family member, offers up part of their own home as security on your loan. This means that should you default on your loan, your guarantor will be liable to pay the amount, so there is some risk involved for both parties. This is why it’s important to seek the advice of a mortgage broker that you trust, like David Koh, who can help you weigh up the costs and benefits of using a guarantor, and outline exactly what it will mean for everyone involved. David can make sure that you have all the information you need to make an informed decision that will benefit you not just now, but in the long-term future. If you’re considering asking a close family member to be a guarantor, chat to David today to learn more.