Mortgage Brokers Craigieburn

Speak to a mortgage broker to get expert advice, a faster application process and save money on your home loan

Last updated on April 29th, 2022 at 04:44 pm by Adrian Edlington

Search mortgage brokers in Craigieburn, Victoria

Mortgage brokers help borrowers save money by showing them more home loan options and tailoring solutions to fit their current situation and their plans. You can connect quickly with local home loan specialists by enquiring with Savvy. We partner only with MFAA or FBAA-approved home loan brokers.

If you want to be near everything the city has to offer but retain some countryside charm, Craigieburn might just be for you. It’s only 25km from Melbourne’s CBD but surrounded by green spaces and grasslands. That being said, though, it’s a growing, modern suburb with all the amenities you need right on your doorstep. The area is a popular place to buy for families, with excellent schools, a huge shopping centre, sports grounds, golf courses and nearby Sydney Road takes you straight into the city’s trendy northern suburbs.

Common questions on mortgage brokers in Craigieburn, VIC 3064

Why would I use a mortgage broker in Craigieburn?

You might think mortgage brokers just find cheaper deals by scouring more of the lender marketplace, and while that’s true, it’s barely half the story of how they help homebuyers.

With local brokers, it all starts with a consultation. They’ll find out about your finances and objectives and then get straight to work comparing the best home loans out there. After that, they’ll look to customise your mortgage with an eye on saving you more money. Brokers can turn to a full range of add-ons and features for doing that, such as:

Offset accounts allow you to link your bank account balance to your home loan one. What that does is reduce the amount of interest you need to pay on your mortgage, and it can shorten the term dramatically

Redraw facilities allow homebuyers to make extra repayments toward their mortgage and then access the resulting equity if they need to borrow money. They pay the same great rate for that as they do for their home loan, so it’s far cheaper than personal loans or car finance, for instance.

Fixed-rate repayments are a way for homebuyers to budget for their mortgage more easily. The lender agrees to a term between one and five years where your interest rate – and your monthly repayment won’t change – no matter what the economy does.

The job of a broker doesn’t stop there, however. The other half of the story is they help homebuyers negotiate the whole borrowing process. A recent independent study found that brokers spend 55% of a client’s time preparing their application, submitting documents, and then chasing everything up post-application.

For the average client, a consultation, assessments of your borrowing capacity, and the process of recommending lenders and products will occupy 45% of your time with a broker. In short, the overall objective of a home loan professional is to find you the right product and then make sure you qualify for it as quickly as possible.

Who do Craigieburn mortgage brokers work with?

Just about any homebuyer can benefit from talking to a Craigieburn mortgage broker:

  • Craigieburn offers some fantastic opportunities for investors. A quarter of residents are tenants, and houses bring in an average of $400 each week in rent, while units fetch around $330. Brokers can assist investors with specialist investment home loans from dozens of lenders.
  • Median house prices in Craigieburn are relatively modest, at just $550,000 for houses and around $370,000 for apartments and units. It’s a great place to buy a first home, and brokers provide first-time buyers with solutions like guarantor mortgages and low-deposit home loans.