If you’ve been thinking about using a mortgage broker to help with your new home, you've come to the right place. Savvy partners with the top home loan specialists in Australia to give home buyers more access to cheaper products, features, and lower interest rates.
The town is situated about 414km further north, up the coast from Perth and through Lancelin and Dongara. It's a hidden gem, and one of the most attractive coastal settlements in Australia, popular with tourist fishermen and surfers who visit both for the natural attributes and friendly hospitality. If you’re looking to put down more permanent roots there, amazingly, you can still pick up a house for the median price of just $330,000, with apartments selling for $185,000 on average.
How will a Savvy broker go about finding me a cheaper owner-occupier mortgage?
As effective as the internet is, there’s often no substitute for sitting down and talking with a mortgage broker. Homebuyers are afforded more scope to discuss their goals and finances with their Savvy mortgage broker, who can ask pertinent questions based on their experience within the industry. The effect is just as worthwhile over the phone and can lead to significant home loan savings.
Apart from their expertise, where our brokers have the edge compared to going to your bank is how they're connected with choice and competition. They partner with a wide range of lenders, occupying different parts of the lender landscape, like banks, non-banks, and independent financiers. That opens up more products and features for home buyers – and just as important – creates competition, which can lead to lower home loan interest rates.
Comparing standard owner-occupier home loans is where brokers begin tailoring a home loan to most buyers. After that, they’ll look more broadly at your financial situation and your aims, considering a broad range of add-ons and options like fixed or variable-rate repayments, offset accounts, redraw facilities, and even split-rate home loan repayments in order to maximise your savings and minimise your mortgage outgoings.
Can a mortgage broker help me build a new home?
With so much development taking place in Geraldton, local mortgage brokers are used to finding cost-effective ways to finance new builds, and they’ll work tirelessly to find you the right house and land package loan or a vacant land loan that meets your specific needs.
Depending on whether you’re ready to start construction or if you’re going to use a developer to build your home, a local broker can find you the right loan option with a low interest rate.
Can a Savvy mortgage broker help investors save money?
They absolutely can, and they’ll save you a whole heap of time too. Mortgage brokers perform a start-to-finish service for property investors, sourcing the best solution from a range of the most cost-effective investor home loans out there and then assisting with your application.
Geraldton isn’t a bad spot to consider a second home. Of its 38,000 residents, around 25% are tenants, which means an active rental market. Couple that with weekly rents of around $320 and $240 respectively for houses and apartments, and heathy rental yields above 5% for both and it’s difficult to find a reason not to get involved.
Mortgage brokers do the legwork and worrying for you. They’ll liaise with the vendor’s people, your own solicitor or conveyance, as well as the lender to make sure everything keeps moving along and your mortgage gets settled faster.
What’s the best way to find the ideal mortgage broker for me?
Homebuyers who connect with a mortgage broker through Savvy can be sure they’re getting access to a carefully vetted, MFAA or FBAA-approved home loan specialist.
We only partner with mortgage brokers who match our high standards for sourcing the right financial products and features that help all sorts of Australians achieve their goals.
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.