Mortgage Brokers Glen Waverley

Get all the help you need choosing a home loan and save money by talking to a mortgage broker in Glen Waverley.
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, updated on August 8th, 2023       

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Home buyers save more money when they talk to a mortgage broker. They get expert advice, help with their application, and a home loan professional can compare the best mortgage interest rates to find the cheapest offers and deals. The best place for house-hunters to connect with a mortgage specialist is through Savvy. We partner with brokers across the country to help homebuyers save on their home loans. 

Glen Waverley is a very commutable, family-friendly suburb just 20 km south east and a 45-minute train ride from Melbourne’s CBD. Owner-occupiers can still find houses around the one-million-dollar mark, and investors can expect rents of $500 or more per week.

What questions will a mortgage broker ask me?

When you first speak to a Savvy mortgage broker, they’ll explain home loan qualification requirements and ask you specific questions about your finances.

They’ll compare hundreds of the most cost-effective home loans, discuss options for fixed or variable-rate repayments and help you choose add-ons like redraw facilities and offset accounts if they can save you more money.  It’s a good idea to know what to expect when you talk to your broker, so there are things you can do to prepare:

Broker questions: How to prepare:
What’s your borrowing history?
Many home buyers decide to check their credit report for errors and outdated entries. You can do so once a year for no charge.
How much do you regularly spend?
Reduce unneeded spending as much as possible before a home loan application.
How much existing credit do you have?
If you can, cancel any unused cards before you apply. Lenders count credit card limits against your borrowing power, not how much you already owe, so they can prove a big negative.
How long have you been in your current employment?
Lenders like to see stable employment history, so avoid changing jobs leading up to a mortgage application. If you work for yourself, talk to your broker about a self-employed home loan option.
What are your regular annual earnings?
It’s a good idea to be realistic about your borrowing power. Lenders can differ, but you can typically borrow about three and a half times your annual earnings.
Have you saved a home loan deposit?

Home buyers can use a low-deposit mortgage, but they’re costlier than when you save a decent deposit. Lenders mortgage insurance also kicks in once your down payment drops below 20% of the property value, and it can also be expensive.

Save as much for your deposit as you possibly can.  If you’re a first-time buyer, a broker can suggest a range of options, including family pledge loans and guarantor mortgages.

What documents will I need when I speak with a Savvy mortgage broker?

First up, your broker will ask you to sign a privacy consent document so they can work on your file. It also helps the broker assess your circumstances, borrowing power and target the right lenders if you can produce some key documents that the lender will eventually use to evaluate your application:


Proof of ID

You’ll need some proof of ID. Most lenders want to see two forms of photo ID – like a passport and drivers licence, for instance. If you don’t have two, you can also use:

  • Utility or rates bills
  • Citizenship or birth certificates
  • Centrelink card
  • Medicare card
  • Tax assessment notice

Your income

You’ll need at least a couple of your most recent payslips. Lenders will want to verify that your income has been ongoing for at least a few months.

If you’re self-employed, bring a couple of your most recent tax returns and your latest tax assessment notice. If you own a business, the lender will likely ask to see its financials too. 

Living costs

If you rent your current place, get a statement from the letting agent. Bring utility and water rates bills too. The lender is using this information to assess your disposable income, so it’s important to include any regular expenses.

Genuine Savings

Lenders will want to see evidence you’ve accumulated a down payment over time, so they’ll look at the last few months of your bank statements. If you’re using something else for a deposit – like a gift or an inheritance, for instance – ask your broker about a specialist non-genuine savings mortgage.

Your assets

The lender will want to assess any additional assets you own, like your car, a boat, and your house contents. You can use insurance documents to illustrate the value of these.

If you own shares, bring statements. The lender will also want to see evidence of your superannuation balance.


If you’re buying a next home or refinancing your mortgage, you’ll need a few months’ worth of your current mortgage statements.

If you’re a first-time buyer, you’ll just need to show statements for store cards, personal and car loans, plus credit cards.

How can I find a licenced mortgage broker in Glen Waverley?

That’s the simple part. Just enquire with Savvy and you’ll connect only with MFAA or FBAA approved mortgage experts. We carefully select our brokers partners according to their track record of helping borrowers save money, time, and effort.

Helpful guides on home loans