Buying your first home | Mortgage broker Bella Vista, Castle Hill & West Pennant Hills
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Buying your first home in the Castle Hill area
There’s nothing more exciting than buying your first home, however this big step can also come with an information overload. Between learning about terms like LMI and LVR and choosing a lender, you’ve got your hands full enough without having to worry about trawling through a million different loans and comparing lenders. That’s where Jenny Li at Mortgage Choice in Castle Hill comes in! Jenny can explain everything you need to know about your first home loan clearly and concisely, without the technical jargon. As your mortgage broker, Jenny will also spend time getting to know you and your financial situation so that she can take care of finding you an amazing loan.
Jenny is able to help you as a first-time buyer by
- Assessing your eligibility for government grants and schemes
- Evaluating your borrowing power
- Explaining any unfamiliar concepts
- Completing all your loan paperwork for you - you can stress less!
- Supporting you through to settlement and beyond
And all of this is provided at absolutely no cost to you! You can save your cash for a deposit, and get expert advice - it’s a win win!
Using a guarantor
Saving for your first home deposit can often feel like an uphill battle, especially if you are renting at the same time. While it is possible to secure a loan with a smaller deposit, it will likely mean that you will need to pay the dreaded Lenders Mortgage Insurance (LMI), which can be a significant extra cost. However, if a close family member is able to act as a guarantor on your loan, you can avoid LMI even with a smaller deposit!
Your guarantor offers part of their own home as security on your loan, so it’s not a decision to take lightly. As your mortgage broker, Jenny is able to help you weigh up all the costs and benefits of using a guarantor so that you can decide if this is the right path forward for you.
First home buyers guide
Check out our free guide to buying your first home for all the info you need and more!
Home loan calculators
Want to work out your borrowing power, repayments and more? Get a clearer understanding with our free online calculators.
- Home Loan Repayment Calculator
- LVR Calculator
- Achieve Savings Target Calculator
- How Much Can I Borrow
Call Jenny Li today on 0433 261 056 to talk about your future as a first home buyer
Jenny can also assist you with:
- Mortgage Broker Bella Vista
- Mortgage Broker Castle Hill
- Mortgage Broker West Pennant Hills
- Refinancing
Smoother experience as they have all your information.
Better understanding of your financials to provide tailored advice. 
Faster response compared to being matched with a new broker.
