Mortgage Broker Caves Beach | Caves Beach Home Loans

Start your home loan journey today

Mortgage broker Caves Beach

Sandwiched between the ocean and Lake Macquarie, Caves Beach is a quiet seaside town brimming with beautiful scenery and a friendly community. With its patrolled beach and famous network of sea caves, this region is a haven for those who love swimming, surfing, exploring, or just relaxing on the beach. The small collection of local cafes and restaurants are perfect for a special occasion or your morning coffee, and there are plenty of nearby walking paths to keep you fit. With Newcastle and Sydney both within reach, you can remain connected while still enjoying the serenity of this tranquil town. If you are seeking a laidback lifestyle surrounded by nature, Caves Beach is the perfect place for you!

In 2024, the median house price in Caves Beach was $1,350,000. To start making your property dreams a reality here, talk to Shae Cameron - a mortgage broker who truly cares about you.

Book an appointment today

Using a guarantor to buy a home

Saving up for a deposit worth 20% of the property price can often feel like an uphill battle! But, if you have a smaller deposit you will usually need to pay LMI - a significant cost that can be a real hit to your budget. Fortunately, there are several ways to avoid LMI without having to spend a lifetime saving your deposit, including by using a guarantor.

Your guarantor is usually a close family member, such as a parent, who acts as security on your loan and negates the need for LMI. With this method, you can purchase your home with a smaller deposit and get into the property market sooner! However, it’s also important to be aware that your guarantor will be responsible for your loan if you cannot meet the repayment requirements. Because of this, many lenders will require that your guarantor obtains legal advice before agreeing. If using a guarantor might be on the cards for you, Shae can walk you through all the benefits and potential pitfalls so that you can feel confident in your decisions. Talk to him today to get started.