Mortgage Broker Chatswood | Chatswood Home Loans
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Mortgage broker Chatswood
Often considered the CBD of the North Shore, Chatswood is a bustling lifestyle hub with a friendly, diverse community. The shopping scene is certainly king in Chatswood, but there are so many other benefits to this location. You’ll certainly never be bored! The Concourse precinct, including concert hall and theatre, hosts live performances and other entertainment to enjoy, and after your show there’s a plethora of multicultural eateries to explore down the vibrant laneways. The convenient transport options will have you navigating around the city with ease, and there’s plenty of green space if you need some peace and quiet.
The median house price was $3,000,000 in Chatswood in 2023, while the median apartment price was $1,045,000. Contact Snow Hu today to learn more about buying a property in Chatswood - you won’t regret it!
Using a guarantor to buy a home
Putting together enough cash for a 20% deposit can seem like an uphill battle, especially if you are already renting or have dependents. Waiting until you have enough saved can severely delay your home ownership plans, however you will have to pay the dreaded cost of LMI if you buy a home with a smaller down payment. Fortunately, there is a solution. Using a guarantor to help you buy a home means you can get into the market with a smaller deposit, while still avoiding the additional cost of LMI.
Your guarantor is usually a close family member, such as a parent, who acts as security on your home loan instead of LMI. And while this might seem like an easy fix to your deposit problems, choosing to use a guarantor is a serious financial decision. They will be responsible for your loan if you cannot make repayments, which could impact their finances significantly.
That’s why it’s important to get advice about your options from a mortgage broker you can trust, like Snow Hu. She will help examine your individual circumstances and support you to make an informed financial decision about the best path forward. So if using a guarantor might be an option for you in your home loan journey, talk to Snow today to learn more.
Free loan resources
Want to read more about property and finance? Check out our useful guides - they are free to download and full of handy tips to help you along your journey.
- Understanding guarantors guide
- Building your home guide
- Step-by-step guide to home ownership
- Moving home checklist
Snow Hu is always ready to chat about your home loan goals, so call her today on 0437 410 888
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