Many home buyers and investors still choose to sit down and discuss their home loan options with a licenced mortgage specialist for a reason. While it’s easy to compare mortgages and lenders online, you may want a more personal experience – and Savvy can help with that. We’ve partnered with some of the best mortgage brokers locally for buyers who prefer a face-to-face service.
How can a Savvy broker find me more home loan options than my bank?
Finding the right home loan is all about getting personalised features, repayments and options. Our mortgage brokers combine local expertise with an ability to source home loans from a number of different providers all across the country.
That means they can quickly scan a bigger slice of the entire lender marketplace, not only for the cheapest options, but they’ll also take your specific borrowing needs into account and seek out home loan solutions that meet them. That’s in contrast to a bank or single lender, both of which rely on a limited number of products and options for home buyers.
Brokers begin by comparing a more comprehensive selection of low-interest owner-occupier home loans to find one that suits your needs. They’ll tailor repayments to match your budget and preferences from the following options:
What other mortgage options can a Savvy broker offer?
As we’ve heard, our mortgage brokers can access more of the best home loan products for owner-occupiers. They can also provide home loan solutions for investment and help first-time buyers. Local brokers have experience in a diverse, healthy market dealing with a wide range of property and buyers:
- If you need a low deposit mortgage for a first home, Bathurst offers first-time buyers some great opportunities. Units in the town are accessible, with a median price of just below $300,000 – meaning you could consider a 95% mortgage with a deposit as low as $15,000. If you have a family member that wants to help you with a down payment, talk with your broker about family pledge loans.
- Investors are similarly well placed, with houses achieving a 4.2% rental yield and three-bedroom examples bringing in an average of $350 per week. Couples, singles and home sharers make up almost a quarter of its population, and most inhabitants are either kids or under 30 years old, so there’s constant demand for rentals.
I want to refinance my home loan. Can a mortgage broker help?
For sure. If you’re already paying off a mortgage and need to modernise or extend a family home, now is a great time to take advantage of low interest rates and refinance your mortgage. Making that work is all about finding the best home loan interest rates and terms out there, and a local mortgage broker can help you achieve that.
How do I find a qualified mortgage broker with Savvy?
Savvy only partners with fully licenced MFAA or FBAA-accredited brokers, so we’ll quickly put you in touch with carefully vetted, experienced mortgage professionals. You’ll receive valuable help with every aspect of the home loan process based on your specific needs.
Why is Bathurst a great place to buy into?
The town has a relatively young, vibrant population of more than 6,500 people. It's just a couple of hundred kilometres – and an extremely picturesque drive – west of Sydney on the other side of the stunning Blue Mountains National Park. It’s famous for motor sport, well-known for its historic buildings, and offers easy access to some of the most breath-taking scenery in New South Wales.
Despite also offering some great neighbourhoods, excellent shopping, school and childcare facilities, and being an ideal location to raise a family, houses in 2795 can still be had for the modest median price of approximately $425,000.
Your home loan options
Making your first big step towards buying a home? It's crucial to be across your mortgage options as a first homebuyer.
Opting for a variable interest rate on your home loan means it'll fluctuate as the market moves throughout your repayment term.
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.
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.
If you're looking to build a new house, construction loans are specifically designed to cater to the different needs associated with doing so.
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.
Purchasing a property as an investment brings with it different specifications from a lender. It's crucial to know what your options are.
Businesses big or small may wish to purchase a property for commercial purposes, which are also different from a standard loan.
Your home loan may give you an interest-only option, which allows you to exclusively pay interest on your loan for a set period.
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.
Some lenders may allow you to apply for a home loan with alternative documents, such as tax returns, BAS and ABN registration.