First home buyer | Mortgage broker Caringbah, Sutherland and Rockdale

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Buying your first home in Caringbah

When it comes to buying your first home, Suman is ready to support you through every stage. He will listen to your individual circumstances and work with you to create a finance solution that fits into your lifestyle, making the entire process as easy and seamless as possible. Any questions, no matter how big or small, are answered clearly in language that you can understand, helping you make sense of the technical home loan jargon. If buying your first home is a goal you are working towards, Suman is the best mortgage broker in Caringbah that you could ask for.

How can a mortgage broker help you?

Navigating the purchase of your first home can be difficult and confusing, so Suman takes all the weight off your shoulders when it comes to the financing side of things. He will

Assess your eligibility for government assistance
Inform you of your borrowing power
Find you the best possible loan from a broad selection
Complete and submit your application for you
Offer you transparent, expert advice along the way

The sooner that you speak to Suman, the better! He will be able to help you prepare for this significant milestone in your life and help you feel empowered in your decisions. Simply book your obligation-free appointment with him today to talk further.

Using a guarantor to buy your first home

Saving up for a deposit worth 20% can feel like an uphill battle, especially when house prices are increasing. But, having to pay LMI on top of all your other costs isn’t ideal either! The good news is that you may be able to use a guarantor to get into the property market with a smaller deposit, while still avoiding the significant cost of LMI. Your guarantor, who is usually a close relative, acts as security on your loan to negate the need for LMI, allowing you to purchase your dream home without a 20% deposit. However, this also means that your guarantor will be responsible for your loan if you can’t meet your repayment obligations. To learn more about the benefits and drawbacks of using a guarantor, talk to Suman today.