Mortgage Brokers Geelong

Looking for a licenced mortgage broker in Geelong? Savvy can connect you with the best-rated local home loan specialists
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, updated on August 8th, 2023       

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Talking to a mortgage broker might just be the best financial move you ever make. They open up more avenues for borrowers, comparing wholesale and niche lenders, plus the best deals from the big four banks.

Geelong is one of Victoria’s fastest-growing areas – and it has plenty to offer families, singles and property investors. It has a buzzing, well-established commercial sector and all the amenities you’d expect from one of the state’s oldest settlements, plus you can choose to buy a new home or one of the many older properties in the area. It offers excellent transport links to Melbourne's CBD, but with bars and cafes lining the wharf and the stunning Great Ocean Road, there's a wealth of options at your doorstep.

Can a Geelong broker find first-time buyers a better mortgage?

Whether you’re an owner-occupier or a property investor, speaking to a mortgage broker through Savvy can pay dividends. One of the biggest advantages is that you get an end-to-end service. After they’ve compared the most cost-effective home loans out there, your broker spends most of their time preparing, submitting and following up applications to make sure everything runs as smoothly as possible.

Our brokers know the industry well, and they know their lender partners even better. From minute one, they’ll target lenders with qualification requirements that suit your current situation, which leads to faster approvals and better interest rates.

Mortgage brokers perform a vital function in what’s a diverse Australian lender landscape. The big banks have offices everywhere, but brokers enable borrowers and niche lenders to connect in the absence of big, expensive branch networks. It makes for cheaper deals and creates a lot of competition in the industry that just wouldn’t exist without an intermediary.

 In short, our brokers allow access to more options for borrowers, which is great for your wallet.

Can a Geelong broker find first-time buyers a better mortgage?

They can. Not only will they compare hundreds of the best home loans out there, but they provide a wealth of advice about the whole process for first home buyers too.

Geelong offers first-time buyers a good way into the housing market. Median prices for houses are still low, at $750,000 and apartments and units average around $650,000. Mortgage brokers can provide guidance about local stamp duty concessions for first home buyers and fill you in about any available grants in the state too. Depending on your circumstances, brokers can show you low-deposit mortgages from dozens of lenders, guarantor home loans, and even family pledge loans.

I’m an investor in Geelong. Can local brokers access specialist mortgage solutions?

They can. Geelong represents a lucrative location for second home buyers and investors. Of the 5,000 people who live in the area, about a third are tenants. Weekly rents for houses and units are around $450 and $400 per week respectively.

What’s a house and land package mortgage, and can a Geelong broker help?

Absolutely. Geelong is currently undergoing significant ongoing expansion and there are many developers working in the area. If you’re looking to buy a home off the plan, there are hundreds of options in Geelong and a mortgage broker can offer purpose-designed house and land package home loans.

With this product, lenders settle an initial amount for your land, then they release interim amounts throughout the build until your home is complete.

Helpful guides on home loans