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.

Your home loan options

First home loans

Making your first big step towards buying a home? It's crucial to be across your mortgage options as a first homebuyer.

Variable rate loans

Opting for a variable interest rate on your home loan means it'll fluctuate as the market moves throughout your repayment term.

Fixed rate loans

On the other hand, fixing your rate locks it in for a pre-defined period. This can bring with it greater certainty around your budget.

Home loan refinance

It's important not to set and forget when it comes to your home loan. If you find a more competitive offer, it may be worth refinancing.

Construction loans

If you're looking to build a new house, construction loans are specifically designed to cater to the different needs associated with doing so.

Guarantor loans

A guarantor essentially acts as a safety net for your lender, as they sign onto your loan to agree to pay it off should you become unable to do so.

Investment loans

Purchasing a property as an investment brings with it different specifications from a lender. It's crucial to know what your options are.

Commercial property loans

Businesses big or small may wish to purchase a property for commercial purposes, which are also different from a standard loan.

Interest-only loans

Your home loan may give you an interest-only option, which allows you to exclusively pay interest on your loan for a set period.

Self-employed loans

Just because your finances may be slightly more complicated as a self-employed individual doesn't mean you can't take out a home loan.

Low doc loans

Some lenders may allow you to apply for a home loan with alternative documents, such as tax returns, BAS and ABN registration.

No deposit loans

There are several options for purchasing a property without a cash deposit, such as equity in another property if you or your guarantor own one.

Why compare home loans with Savvy?

Online fast approvals

100% free

You don't have to pay a cent to compare home loans with us, enabling you to do so at any time.

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Paperless quote process

You can fill out a simple online quote via our form without having to worry about sorting through heaps of paperwork.

A Range of Options

Trusted lenders

With a panel of reputable mortgage lenders behind us, you can rest assured you'll be comparing high-quality options.

Check out our home loan calculators

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