Mortgage Broker Eastwood | Eastwood Home Loans
.jpg)
Start your home loan journey today
Mortgage broker Eastwood
Centrally located with plenty of amenities to enjoy, the suburb of Eastwood can’t be beaten when it comes to a combination of quiet suburban living and urban convenience. Around the handy train station, you’ll find a wide selection of delicious cuisines, numerous shops, and other essential services like medical offices - you’ll have trouble picking a favourite spot to frequent with so many vibrant options! And when you prefer to get out of the hustle and bustle, there are plenty of parks and reserves to enjoy amongst the quiet streets. Only a short trip away from the CBD, Eastwood is the perfect spot for professionals and families alike.
The median house price in Eastwood was $2,650,044 in 2024, while the median apartment price was $850,000. For more information about buying a property here, Michael Siu is your go-to.
Using a guarantor to buy a home
Generally, if your home deposit is less than 20% of the property price, you will be subject to paying LMI, since your loan is considered high-risk. When you use a guarantor to buy your home, you may be able to avoid paying the additional cost of LMI, even if your deposit is less than 20% of the purchase price. Your guarantor, who is usually a close family member such as a parent, acts as security on your loan and negates the need for this extra expense.
Utilising this method can help you get into the property market, and into your dream home, faster. However, your guarantor will also be responsible for your loan if you cannot meet repayments, so it’s important to consider this decision carefully. If using a guarantor sounds like it could be an option for you, speak to Michael about all the pros and cons today. He will guide you to an informed decision and help you through all the paperwork involved with this type of loan. Michael can make your loan process that much easier, so don’t hesitate to get in touch with him today.
Free home loan resources
Download our range of home loan guides for more information about guarantors and more.
Michael Siu is always ready to chat about your loan needs - call 0430 476 038 to book your appointment
Michael can also assist you with:
