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Andy Manuel

First Home Buyers | Glenbrook, Springwood, Hazelbrook

Start your home loan journey today

Are you thinking about buying your first home in Glenbrook, Springwood, Hazelbrook?

As your Mortgage Choice broker, Andy Manuel has access to hundreds of different loans from over twenty lenders to help find the right loan for you. Let us help you put your first home buying plans into action. I understand our community and the market conditions where we live and am here to get to know you and provide straightforward advice that best meets your individual needs.

As your local home loan experts, we’ll take the time to search through hundreds of home loans from our lenders to find the one that suits you. We’ll also help you determine if you're eligible for any concessions, as well as prepare the loan application on your behalf and follow it through to settlement, keeping you up to date along the way. 

Contact us today to get the ball rolling!

Common questions first home buyers might have!

How much deposit do I need?

While having a 20% deposit is great, let’s be real. Saving a 20% deposit can be hard, especially in today's environment where property prices are high, the cost of living is high and wages in comparison are significantly low. It's important to know there are plenty of options available to you and when you visit us, we search hundreds of loan options from a variety of lenders - not just one! This means it gives you a higher chance of securing the finance solution that is right for you!

You can still secure a loan with a 5% or 10% property deposit. If you have less than a 20% deposit, you may need to pay for lenders mortgage insurance. Lenders Mortgage Insurance (LMI) is a premium payable by you the borrower that protects the lender against potential losses if you are unable to repay your loan.

How does a guarantor loan work?

A guarantor can provide security for your home loan in the form of assets, typically their home. In this situation, the guarantor uses the equity in their home as additional security for your loan. By offering the lender additional security over the equity in the guarantor's home this can count towards your deposit.

Are there any risks involved? Yes. If you default on your loan repayments, the guarantor will be responsible for paying back the loan so It’s important that you both seek legal and financial advice.

If you would like to chat about your options, give Andy Manuel a call on 0493 141 776.

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