Home loans | Mortgage broker Burwood, Camberwell & Blackburn

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Home loans in Burwood, Camberwell and Blackburn

Once you’ve found the perfect home for you and your family, you will need an excellent home loan to help you secure it. The right loan can have a larger impact on your future finances than you might think, so it’s important to make the choice thoughtfully, and with the advice of a trusted mortgage broker like James.

James will save you all the time and stress of sorting through endless loans and find you a solution based on your needs and situation. He will prepare and submit your application - you won’t have to lift a finger! Whether you are buying your first home or your fifth, James will help you through the entire home loan journey from pre-approval to settlement and beyond.

Buying your first home

When you buy your first home with a deposit of less than 20% of the purchase price, you will usually have to pay Lenders Mortgage Insurance (LMI). This significant cost can certainly affect your budget plans, but fortunately, there are a few ways you can avoid it, including using a guarantor and some government assistance schemes. James will be able to look at your situation and advise you of your eligibility for assistance, as well as helping you decide whether a guarantor is right for you.

Using a guarantor to buy your home

Your guarantor, who is usually a close family member, acts as security on your home loan to help you avoid LMI with a low deposit. While this can be great method for buyers, particularly first-time buyers, to get into the property market, this is also a decision to be taken very seriously. Since your guarantor will be responsible for your loan if you are unable to pay, it’s important to weigh up your options with the help of James as your mortgage broker.

Download your guide to guarantors

Refinancing your home loan

If you already have a home loan that’s a few years old, it might be time to think about refinancing. Although it might seem complicated, the reality is that the process is a breeze with James on your side, and you will be able to reap numerous benefits including

Saving on your repayments
Paying off your loan faster
Accessing equity
Reducing your account fees

If you’re unsure whether refinancing is for you, talk to James today for a free home loan review. He will be able to assess your loan and advise on the best course of action, including finding you a better loan if necessary. Talk to him today to learn more.