Mortgage Brokers Brighton

Looking for a mortgage broker in Brighton? Find the best interest rates available, compare home loans, and get help fast.

Last updated on April 26th, 2022 at 10:12 am by Bill Tsouvalas

Mortgage Brokers Brighton

If you’re looking for a mortgage broker, home buyers can now find trusted and vetted local industry professionals. Mortgage brokers can take the time and effort out of shopping for the cheapest home loan options, plus they’ll assess your requirements and recommend lenders based on your aims and preferences.

Examining every single lender and product out there is beyond a tall order; it’s nigh on impossible. Our mortgage brokers partner with both major and regional banks, and with dozens of non-bank lenders as well. That gives you access to more choice, competitive home loan interest rates, and brokers can cover a lot more ground a lot quicker than you ever could.

What does a mortgage broker do?

The best mortgage brokers listen to what you want to achieve; they take time to understand your specific borrowing needs and have relationships with lenders that can help you get where you want to be.

These days, comparing owner-occupier mortgages online is pretty straightforward, but some home buyers still prefer a tailored in-person service, and that’s what a good home loan broker will provide.

Mortgage brokers can help home buyers qualify for a home loan because they look at your application details in much the same way a lender does. They know the ins and outs of qualification requirements, which vary from lender to lender, plus guide you through the application process – leading to quicker, more successful outcomes for more borrowers.

How can I find a mortgage broker?

Savvy partners with fully-licenced mortgage brokers to provide a start-to-finish solution for home buyers. That process only ends once the lender has everything they need to approve your home loan and your mortgage gets settled. Savvy sources broker partners based on their qualifications, results, and their customer service record.

  • To get started, just fill out Savvy’s quick online form and have a fully-licenced, carefully vetted local mortgage broker call you back.
  • Discuss your borrowing needs and your current financial situation and hear about viable solutions, loan structures and interest options, such as fixed or variable rate loans. If you prefer a combination of those two, ask your broker about split-rate repayment options.
  • Your mortgage broker will ask for the documents you’ll need for your application and will provide any necessary assistance with locating and assembling your paperwork in advance of your application.
 

At this point, many home buyers decide to get pre-approved for a home loan. That’s basically where a lender offers conditional approval for you to borrow a fixed amount in advance of your full application. It’s useful in case you need to buy at auction, but can also allow you to make plans and view houses based on a solid budget.

  • Once you’re all set, your broker will help you prepare your application so the lender has everything they need to make a decision. Before you submit, they’ll ensure there are no gaps or omissions that could result in a delay.
  • Your local mortgage broker will stick with you right up until home loan settlement. That means providing assistance throughout the process and acting as a liaison between you and your lender to ensure a fast, straightforward, and successful process.

What can I buy in Brighton and what products can mortgage brokers access?

Brighton is both seaside and CBD-friendly. Tenants who want to be near the city but still have easy access to the beach and a short commute flock to this neighbourhood. Shopping in the area is well catered for, with Melbourne’s CBD just 11km to the north and Westfield Southland 8km to the south.

In terms of properties in the area, buyers are spoiled for choice. There are many grand Edwardian and Victorian homes – some offering instant equity if you’re prepared to modernise. If you want a ready-made family property, you can also find ultra-modern beach houses with stunning views of the bay. For investors, singles, and couples, there are hundreds of apartments and units currently listed for sale in the area.

Whether you happen to be a renovator, want something ready to go, or you’re a nest-builder, a local mortgage broker can help you source a full range of options that’ll help you settle in. That might be a cost-efficient line of credit home loan option, a fixed interest or variable rate mortgage, or if you’re already in the area and want to switch lenders, a broker can help you find the right home loan refinance.

How can Savvy brokers help investors get a cheaper mortgage?

Our brokers can help second home buyers compare hundreds of investment home loans to find a better rate. Not only that but investors can choose from more specialist features, like interest-only repayments.

Brighton’s relatively high median prices are a reflection of its Oceanside location. An average two-bedroom house will set you back around $1.4 million, and a typical smaller unit will fetch over $450,000, bringing in average weekly rent for two-bedroom units and three-bedroom houses around $500 and $1,000 respectively. That all represents excellent value for buyers of second homes, and a local broker can source the products and features you need to maximise returns on any investment.