Mortgage Brokers Ballarat

Savvy can help you find lower home loan interest rates by using a proven, highly rated mortgage broker in Ballarat.
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, updated on August 7th, 2023       

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No time to compare home loans yourself? Brokers often use existing relationships with many of Australia’s most trusted home loan lenders to access offers that either aren’t widely advertised or not offered to the public at all. Savvy has teamed up with some of the most trusted and proven mortgage brokers so that more people can choose from a broader selection of home loan offers. All you need to do is fill out our quick online form, and we’ll instantly find a broker to help you with your mortgage.

How can I find a home loan broker?

Modern mortgage brokers in Victoria are more open and accessible than ever. If you have a busy lifestyle, a great home loan broker will work hard to fit your schedule and communicate via email, telephone and in person to make sure you find the perfect solution for your circumstances.

Home loans can be jargon-heavy and challenging to understand, but our brokers explain all the implications, drawbacks and benefits of different products and loan structures so you can find an option that meets both your goals and financial situation.

Talking with a good mortgage broker can save home buyers thousands of dollars and hours of time and connecting with one near you has never been quicker or easier.

Which home loan options can a Savvy broker help me access?

No matter what type of homebuyer you are, a local mortgage broker can help you access a full range of home loan products with a choice of repayment options. Ballarat is a long-established, contrasting property market that offers opportunities for singles, families, and investors.

Ballarat Central has a high proportion of independent singles and couples and units return an impressive rental yield of 5.4% with an average price of just $280,000. Investors in the area can talk to their local mortgage broker about flexible investor home loans.

It offers families a range of established and new housing and a healthy, active property market outside the town's centre. Despite being blessed with excellent transport, schools, and shopping facilities, median house prices remain relatively affordable at around $440,000. Whether you’re looking to refinance your existing mortgage and benefit from today’s record-breaking interest rates, or you want to establish a family home in one of Victoria’s oldest and popular towns, one of our mortgage brokers can help you access more lenders and borrowing solutions. That includes offset home loans that maximise the power tied up in your savings and redraw facility mortgages that take the financial strain out of renovating.

I’m using FHOG to build a home. Can a mortgage broker find me a cost-effective option?

Yes – the region is experiencing something of a building boom, so if you’re looking for a house and land package home loan in Victoria, the best way to find a competitive interest rate is to speak with a mortgage broker.

Ballarat is a great place to build using the state’s FHOG scheme, because you’ll get double the amount in a regional area – which is a great start. A Savvy broker is well placed to advise about how first-time buyers can secure $20,000 towards a home under $750,000 providing it qualifies as one of the following:

  • A brand-new home
  • A house and land package
  • A home that’s been substantially renovated
  • A home built on the site of a demolished former home
 

Making the regional FHOG work is a great way to get a foot on the property ladder in Victoria. A Savvy broker will do all they can to make that possible. There are several solutions out there if you’re still short of an adequate down payment, including family pledge loans and low deposit mortgages. A local broker will also provide assistance with all aspects of mortgage eligibility and can talk you through various additional implications like lenders mortgage insurance and stamp duty.

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