Before buying that little piece of sydney you love
Buying a house is one of the biggest decisions that you could ever make, and for many potential home owners, it can also be one of the most stressful decisions. Whether you are a first home buyer or looking to purchase an additional property, Sydney Mortgage Options offers the most effective way to purchase your dream home.
We understand that there are many loans available making it overwhelming for you. With multiple lenders on our panel, we can compare over a hundred home loan products within minutes. Knowing what to look for in a home loan will ensure that you can take those crucial steps towards purchasing your new home.
- Compare lenders to find you the right loan
- Calculate your maximum borrowing capacity
- Support 7 days a week to provide you guidance
- Understand your needs
- Offer an obligation free service
- Be your broker for life
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Get pre-approved before anything else
It's important to know exactly what your borrowing capacity is. Pre-approval allows you to shop around for a property and not have to worry about the finances.
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FHOG (First Home Owners Grant)
As a First Home Buyer you may be eligible for the $10,000 grant to purchase a brand new home or to build your own dream home. This is payable to you upon settlement and can also be used as part of the deposit or to assist with other costs.
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Offset home loan
Offset home loan An offset loan is a type of lending arrangement, usually for a mortgage, in which a borrower also maintains a savings account with the lender. Instead of receiving interest on the savings account, the interest payment due on the loan is calculated only on the net balance of the loan less the savings account.
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LMI (Lenders Mortgage Insurance)
Lenders mortgage insurance (LMI) is a security cost which is required if you want to borrow more than 80% for a standard loan, meaning if you don't have a 20% deposit saved you will be forced to pay insurance which could end up costing you thousands.
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Fixed interest rate
If you are considering fixing your interest rate, don't fix for fear of future interest rate increases, consider all your options and make sure it's the best choice for you.
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Variable interest rate
The advantage of a variable interest rate is that if the underlying interest rate declines, the borrower's interest payments will also reduce.