Get the Best Interest Rates on First Home Buyer Loans in Parramatta

There are several types of mortgages for buyers that you can choose from, such as:

• First-Time Buyer Home Loans: As a first-time home loan buyer, you can get several discounts, such as Lender Mortgage Insurance (LMI) discounts or waivers under the government’s First Home Guarantee Scheme. This helps you obtain an LVR or loan-to-value ratio, as high as 95%. With this, you can take a loan for your first home even with a low deposit.
• Fixed Interest Rate Home Loans: One of the most common forms of home loan is the fixed interest rate loan. Your monthly repayment amount remains the same, regardless of changes in the interest rates. This type of home loan is for buyers who want a fixed repayment plan over the life of the loan. This applies to both interest and principal, while the loan is paid off per a predetermined schedule.
• Variable Interest Rate Home Loans: You get the full benefit of any changes in the loan market and can save money over the life of the loan with this type. However, the volatility of the market and the upward revision of the interest rate may hurt your monthly repayment.
• Non-Conforming Home Loans: These loans help people with a challenging credit history to obtain home loans. We work with 60+ lenders, including non-banking lenders who specialise in such loans.
• Low Doc Loans: If you are self-employed, a tradie or someone without the necessary documents like payslips or tax returns, you can get a low doc home loan. Our experts can help you with alternative documents to obtain a home loan.

Are you stuck paying off the same home loan for the past few years? Most people continue with their home loans for years as a force of habit and because they are fearful of change. However, you may be losing money every year, without realising it. Our home loan refinancing experts can help you understand the benefits of loan refinancing and find out the best refinance interest rates for you.

Here are the several advantages of getting your home loan refinanced:

• Get the lowest refinance home loan rates.
• Use your existing home equity for getting additional funds for renovation, travel, or to purchase an investment property.
• Consolidate all your existing debt in one place.
• Get the latest home loan features.
• Obtain easier home loan repayment options.
• Cashback up to $5000.

While home refinances have great benefits, you also need to consider various factors before making the switch, such as:

• Cost to quit your existing home loan, e.g., settlement or exit fee.
• Lender mortgage insurance cost.
• Any fee associated with the new loan.
• Mortgage refinance rates and the new interest vis-à-vis the existing loan.
• Any terms or conditions that are different from your current loan.
• Type of loan (Fixed, variable, split vis-à-vis the earlier loan).

We will guide you on all aspects of home refinancing including the pros and cons of the new loan and the current home refinance rates. This helps you make an informed choice. Our brokers will always be there to ensure a hassle-free experience for you.

Property investment can be a great source of additional income for you. Are you an experienced investor looking to diversify your portfolio or a first-time investor in commercial or residential property? Get honest and expert advice on investment property loansfrom experts who know the investment property loan market inside out. Our brokers can help you get competitive investment property interest rates with easy repayment options.

We work with all the top lenders in Australia and have access to every kind of investment property loan – be it interest-only loan products or “broker-only” types. Our team provides you with multiple options to pick from. You can check and compare each type of investment loan before you make your decision. We will also negotiate with the lender and get the best offer for the loan of your choice, with all applicable discounts.

Local Finance Guru is a name you can trust for all your mortgage and financial needs in Parramatta. Our team researches the market and finds matching loan products for you, negotiates with the lender for the best deal and provides excellent pre and post-loan disbursement support. Thanks to our comprehensive offerings, we are the preferred choice for homeowners and commercial businesses. You receive:

• Top lender products
• Financial and non-financial lenders
• Wide range of loans
• Best home loan rates
• Easy and flexible loan repayment options
• Documentation assistance
• Low doc loans
• Loans for borrowers with bad credit history

To find the best loan options for you, call us today on 0430 411 466 and speak to our loan specialists. You can also email us at vipul@localfinanceguru.com.au for any queries or to set up a face-to-face meeting with our loan expert at your convenience.