Residential Home Loan Services Penrith

Residential Home Loan Services Penrith

The Residential Home Loan Services in Penrith You Can Trust

My Choice Mortgage and Finance is one of the most trusted names to offer residential home loans in Penrith. We have liaison with the best Australian financial institutes and banks, and this helps us look for the best and the most suitable residential home loan that meets the bespoke needs of our clients.

What Difference Does Our Residential Home Loans Include?

The owner-occupier home loans or residential home loan services in Penrith that we offer are specifically designed to finance the purchase, construction, as well as renovation of the residential properties of clients, wherein the property itself serves as a collateral.

Primarily, there are two main reasons that our clients showcase, when it comes to purchasing properties – to live in the home considering it as their primary accommodation place, or to rent the facility out as an investor. We offer residential home loans, only when our clients intend to stay in the property full-time.
How Do Our Residential Home Loans Benefit Our Clients?
They Come At Pretty Competitive Rate: We our residential home loans come at lower interest rates on the owner-occupied home loans. This is because of the fact that we perceive the owner-occupiers as less risky borrowers.
This policy is based on the belief that the lenders who reside in the property are more likely to work on repaying the mortgage out of compulsion, as the property in question acts as their shelter. This is not the case for those who purchase properties to rent them out.

It Gives Clients Greater Borrowing Power: While we offer an owner-borrower professional home loan assistance in Penrith at a low or moderate interest rate, we also allow the borrower to have approval with a smaller deposit. The lender enjoys more incentive to repay the mortgage over 25 to 30 years, provided they reside in it. This applies even if they have only a 5 to 10% initial deposit at the time of the purchase.

Why Choose Us?
FAQs
How much can I borrow as a residential home loan?
That entirely depends on your monthly income and your financial status, as well as your loan repayment history or credit score. However, you can quickly calculate your borrowing capacity by using our online loan calculator. It’s fast, easy and user-friendly.
To apply for a home loan, you are required to provide all the documents that are needed to verify your identity, financial position and employment.
If you are a self-employed person, you need the last two years of tax returns and notice for assessment, and the last two years of financial statements, which are executed by a registered accountant or tax agent.
Get in Touch With Us Immediately If You Are Looking For A Residential Home Loan

What makes you wait, if you are looking forward to getting a residential home loan in Penrith? Contact us to set up an appointment with our brokers, to explain your financial needs. You can also write to us stating your queries, and we will reply immediately.

Book an Appointment