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Raj Kempalingannavar

First home buyer | Mortgage broker Nirimba Fields, Schofields & Marsden Park

Start your home loan journey today

Buying your first home in the Nirimba Fields area

Taking the leap to buy your first home is a big decision, and Raj, as your mortgage broker, can support you through every step of the process. From pre-approval to settlement and beyond, Raj has got your back. He will find you an amazing loan from a wide selection, explain any unfamiliar terms, and make sure that your finance journey is as smooth and stress-free as it can be. Raj will take care of all your paperwork, saving you a logistics headache, and will always communicate with you proactively as your application progresses. Best of all, Raj’s services as your mortgage broker are completely free of charge! 

You need a mortgage broker you can trust to help you through the finance maze, and Raj is ready to guide you with all of his knowledge and expertise. Set yourself up for success throughout your property journey by working with him to get the best loan deal. 

What is LMI?

Lenders mortgage insurance, commonly known as LMI, is an additional cost that you will need to consider if your home deposit is less than 20% of the purchase price. Your lender takes this sum as security since your low-deposit loan is considered to be a higher risk for them. While you may want to get into the property market as soon as possible, the LMI cost can be a significant barrier to reaching your goal. 

Using a guarantor

Fortunately, you can avoid paying LMI when you use a guarantor. Your guarantor is a close family member, often a parent, who will act as security on your loan, negating the need for LMI and allowing you to purchase with a smaller deposit. While a guarantor might seem like the perfect solution, it is a decision to be made carefully, as your guarantor will also become responsible for your mortgage if you cannot cover repayments. To learn more about guarantors, download our free, comprehensive guide, or chat with Raj today about your situation. 

Resources for first home buyers

Take a look at our handy guides, tailor-made to help first-time buyers navigate the property minefield.

Call Raj Kempalingannavar on 0423 474 511 today to make your home ownership dreams a reality

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