Mortgage Choice Mudgee - Ian Simpson

A guarantor home loan can be a great solution to help you purchase your first property 🏠.

With this type of loan, your guarantor uses the equity in their own home or investment property to provide additional security, helping you secure your first loan. This approach essentially ‘boosts’ the size of your deposit, allowing you to either borrow more money or your loan-to-value ratio, avoiding the cost of Lenders Mortgage Insurance. Most lenders prefer the guarantor to be a close relative – usually a parent, grandparent or sibling. 👫

A broker can explain the benefits and risks of a guarantor loan to you and your guarantor so you can both make an informed decision. Talk to us today to learn more.

If you’re currently paying off your home loan monthly, you could save money and time by switching to fortnightly repayments.

By making 26 fortnightly loan repayments instead of 12 monthly repayments, you could shorten the life of your loan and lower the amount you need to repay over time.

Talk to us today to learn more.

Your credit score is one of the factors that helps a lender determine whether to approve your loan application. It may also help determine how much they’re willing to lend you, and depending on your score, it could also impact the interest rate they will offer.

To understand more, let’s talk today.

Last month, the Reserve Bank of Australia (RBA) cut interest rates by 0.25%, opening the door for homeowners to benefit from long-awaited relief on mortgage repayments. What does this mean for you?

Read on to learn more:

RBA cuts rates as homeowners breathe a sigh of relief - Mortgage Choice The Reserve Bank of Australia (RBA) has cut interest rates by 0.25% today, leaving the door open for homeowners to benefit from long-awaited relief on mortgage repayments.