What Should a First-Time Home Buyer Know About First-Time Buyers’ Loans in Strathfield?

• Process: Understand the process of taking a home mortgage for first home loan buyers, which includes deciding on your budget and finding the matching loan product. If you have the time or interest, you can read about the process online and follow the expert’s advice. The better prepared you are, the more questions you can ask the loan advisor or the lender and get a better deal.You can also take the services of a loan broker who can make the process easy for you. This helps to widen your choice between the different lenders and get competing beneficial offers. You can save hundreds of dollars over the life of the loan this way.A simple break-up of the process is:
  • Decide your budget
  • Find the lender
  • Choose the loan product
  • Get pre-approval
• Budget and Location: Stick to your budget when choosing a property. You do not want to be stuck paying for your house forever. Instead, make sensible decisions and pick a home that is not just affordable but meets your requirements. You can always ask the agent to show you properties that are within your budget.
• Deposit Money: Start saving money on a weekly or monthly basis for the deposit. This may mean cutting down on expenses and adjusting your lifestyle. Remember, a higher deposit amount equals a larger loan or the best home loan rates from the lender.
• Grants and Discounts: First home loan buyers are eligible for various grants, stamp duty exemptions and discounts. Ask your broker about it and ensure that you get maximum benefit with this. The LMI (Lender Mortgage Insurance) discount can also be a huge saving for you.

Home refinance is a very popular option among many homeowners today. The ability to get a better deal with a new loan is what makes this option very much in demand. While lower refinance interest rates are attractive for borrowers, they are apprehensive and unsure how to go about it. If you wish to get your home loan refinanced but are unfamiliar with the process, we are here for you. Local Finance Guru will help you find the best home loan refinance options.

You should consider refinancing your home loan if:

• You want to unlock your home equity
• You get lower home-to-refinance rates
• You want to consolidate your debts
• You require money for any big purchase
• You are looking for better products and features

Chat with our refinance loan brokers and find out the lowest refinance home loan rates available to you. We also inform you of any exit fees to help you take an informed decision. Our experts recommend building up home equity for a few years before considering a home refinance. Moreover, refinancing options with a lower interest rate is advisable only if you save money in the long run. The gains should not be offset by exit fees or processing fees for the new loan or LMI or lender mortgage insurance.

Investment properties are great options for individuals who want an additional source of income. Our team can help you find an investment property loan for any kind of residential or commercial property in Strathfield. Regardless of whether you are an experienced investor looking to diversify your portfolio or a first-time investor, we will help you get an investment loan at the best terms. This includes competitive investment property interest rates, flexible payment options and interest-only loans.

Our team has in-depth knowledge and unmatched experience in finding investment property loans that help you get the highest LVR for commercial or residential properties.  We explain every aspect of the loan as well as the pros and cons of different types of loans to help you make an informed decision. Leave all the heavy lifting for us, which includes:

• Finding the best loan products
• Negotiating for a competitive mortgage refinance rate
• Getting competitive investment property loan interest rates
• Flexible repayment options
• Highest possible LVR

We allow you to focus on finding the right property for investment, while our team takes care of the investment loan. Our brokers can also help you get a pre-approved loan to help you close deals quickly.

At Local Finance Guru, we believe that all relationships are built on trust and respect. As your mortgage broker, we strive to provide you with fair and unbiased advice on every aspect of home loans. We are committed to the benefit of our customers and our team works for your benefit, not the lenders.

This has earned us the trust of customers in Strathfield, whom we have helped over the past several years. Your journey to find the best loan products at competitive rates starts with us. With us, you get:

• Hundreds of loan products from 60+ lenders
• Access to top lenders
• Best home loan rates
• Flexible repayment options
• Dedicated servicing team
• Pre to post-disbursement services
• Honest advice and guidance
• Paperwork and application assistance

Call us now on 0430 411 466 or send us an email at vipul@localfinanceguru.com.au speak to our loan advisor today.