Parramatta Mortgage Broker
Including: Greystanes, Harris Park, Northmead, North Parramatta, Oatlands, Westmead
This western suburb, with the beautiful Parramatta River, is a hot property area. Make sure you get the best home loan advice.
Talk to Your Local Parramatta Mortgage Broker for the latest property news. Get up to date information before choosing a mortgage. This way you can be sure you are getting the best deal on your Sydney Mortgage.
How does mortgage insurance work?
Lenders Mortgage Insurance (LMI) is usually only charged when you borrow more than 80% of the property price, such as with a no-deposit home loan for example. It is a one off fee that you pay to protect the lender in the event that you default on the loan and the property is sold but makes a loss.
Can I combine my other debts with my mortgage?
Debt consolidation is a popular strategy for people struggling to repay several different debts. If you have credit cards, car loans or store cards, you will probably be paying a very high interest rate, sometimes as much as 20% on some cards. By rolling this personal debt into your mortgage you will be paying it off with a lower rate, as most mortgages have an interest rate below 10%. It will mean that your mortgage repayments will be higher as you pay off the debts, but the benefit is that you only have to make one monthly repayment which can allow you to feel more in control of your finances. Make sure you don’t continue the trend of spending too much money though – most lenders will advise you to cut up your credit cards!
How can a mortgage broker help me?
Mortgage brokers live and breathe mortgages. Day to day, our advisors track interest rates, examine home loans and can offer you choices and options that will suit you. Going to each lender individually is time consuming and it is hard to compare one from the other. A mortgage broker has easy access to hundreds of lenders and products, so you have more choice and save time.
Start planning for your future today. Call us on 1300 787 665 or submit the on-line enquiry form.
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