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Mortgage Broker Penrith | Home Loans Penrith

Looking to purchase a property in Penrith?

Penrith offers a perfect array of facilities: a sports stadium, shopping centres, a museum and a performing arts complex, plus a national park. No matter what type of property you're looking for, Penrith has them all. Low-maintenance apartments, a house with views, a fixer-upper and so much more. The median property prices over the last year ranged from $760,000 for houses to $485,000 for units.

If you're ready to purchase a property in Penrith, then get in touch with Des McDaid to discuss your borrowing capacity. 

Pre-approval home loans Penrith

While it’s not compulsory, a pre-approval gives you an indication of your borrowing power, so you know which properties are within your price range. It also lets sellers know you’re a serious buyer, especially if you’re buying at an auction.  A pre-approved loan will give you:

  • A clear spending limit, so you’ll know how much you can borrow.
  • Extra negotiating power. This tells vendors you’re a serious buyer and in a position to act quickly.
  • Confidence to bid at auction.

Home Loan Myth

A lot of people hold off taking out a home loan because they think they need a 20% deposit when this is not the case.
 
Some lenders allow you to borrow up to 95% of the value of a property, meaning you only have to pay a 5% deposit. Also, if you are eligible for the First Home Loan Deposit scheme, an additional 10,000 places have been allocated for first-home buyers to secure their purchase with a 5% deposit.
 
If you would like to discuss your borrowing capacity, feel free to get in touch with our team this week. 

Need more information? Use our home loan resources!

If you would like to do some of your own research first, make sure you check out our home loan resources below! 

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Check out our lowest interest rates

To start the conversation, reach out to Des McDaid on  0411 333 672.

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