Looking to find a licenced mortgage broker in Baulkham Hills? You came to the right place. Savvy partners with some of the best-rated MFAA and FBAA approved home loan specialists all over Australia so that homebuyers everywhere can access lower interest rates, faster home loan applications times, and cost-saving mortgage features.
Baulkham Hills is a growing and increasingly popular Hills District suburb which sits just a little over thirty kilometres north-west of Sydney’s CBD. This neighbourhood is home to many who work at the vast Norwest Business Park nearby. There’s a major shopping mall at Stocklands Shopping Centre, and access to the M2, which goes straight into the city, is just a couple of minutes drive. Baulkham Hills is known for generous plots, sizeable gardens, and has excellent schools.
How does a Baulkham Hills mortgage broker work?
Mortgage brokers are more popular than ever with homebuyers because they help compare a broader slice of the lender marketplace, opening up access to exclusive deals, lower interest rates, and a full range of features.
When you talk with a local broker, they’ll look at your whole financial situation and discuss your property goals. Then, they go to work comparing hundreds of home loans from banks, non-bank lenders, international financiers, and local institutions to find the best available fit and rate.
Mortgage brokers help homebuyers target lenders with appropriate products and qualification requirements. They assist with preparing paperwork, filling out application forms, and then stay on the case until your loan gets settled, dealing with vendors, lenders, and all the parties involved.
Who can a Baulkham Hills mortgage broker help?
Mortgage brokers help many different types of borrowers. Despite it being an easy commute to the city and offering lots of local employment, there’s still a relatively low barrier for home ownership, with median prices for houses around $1.2 million and a massive range of new and established apartments available for an average of $700,000.
- Local brokers help owner-occupiers access some of the best home loans available, with helpful features like fixed or variable-rate repayments, offset accounts, and redraw facilities.
- The outlook for investors in Baulkham Hills is excellent. Weekly rents for houses and apartments average $570 and $475, respectively, and around 20% of residents in the area are tenants. Mortgage brokers can compare hundreds of investment home loans and offer features like lines of credit and interest-only repayments.
What does a Baulkham Hills mortgage broker cost?
Australian mortgage brokers are mostly paid by lenders and don't charge borrowers for any aspect of their extensive service, which makes talking with one a no-brainer for most homebuyers.
Not only that, but brokers work for commission, some of which they only receive once you’ve been happy with your home loan for several years. Finding a home loan with a local specialist gives you a great chance of ending up with a product that suits both your present and future.
What will I need when I talk to my Savvy broker?
Our brokers take a holistic approach to sourcing your ideal home loan solution. They’ll look closely at your aims and assets and then formulate some options before explaining the implications and benefits of each. It’s a good idea to have the following documents ready when you make an appointment:
- Your most recent few payslips (if you’re looking for a self-employed home loan, the lender will need to see your previous two years’ worth of tax returns and possibly the financials for your business).
- Details of your regular expenses, such as utility bills, council rates, and any additional everyday spending like school fees.
- Statements for any personal or vehicle loans, and credit or store cards. If you’re looking to refinance an existing mortgage, you’ll also need details about your home and statements for the loan.
- Details of any assets you own, like shares, superannuation, and you can provide insurance policy documents for vehicles, boats, and things like house contents.
- Proof of ID, such as a passport or driving licence. Most lenders require a couple of different forms of identification, and you can also use items like your Medicare card, certificate of citizenship, or a government-issued ID card.
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.