Mortgage Brokers Holland Park

Mortgage brokers in Holland Park can offer significant home loan savings by accessing a range of options. Here’s how.

Last updated on April 26th, 2022 at 11:18 am by Bill Tsouvalas

Mortgage Brokers Holland Park

If you’re looking for a mortgage broker, you can find licenced local professionals with Savvy. Home loan specialists search for more products and lenders to find better mortgage interest rates.

Holland Park is a family-friendly oasis less than 10km and a 20-minute train ride south of Brisbane’s CBD. There’s a great deal of choice for properties in the area and a high-demand market, so having a mortgage broker in your corner could help get you the home you want.

How will a broker find my perfect mortgage?

Savvy partners with approved mortgage brokers who go beyond just finding you a loan; they’ll examine your wider requirements and approach lenders with products that match your borrower profile. Brokers partner with an extensive group of lenders, which means they’ll compare hundreds of low-interest home loans before they find the perfect fit and then pick and choose from many specialist features to personalise your mortgage further.

Home buyers might fit several different borrower profiles or be a mixture of more than one. That’s why talking to a mortgage broker can prove valuable

What sort of mortgage borrower am I and how can a broker help my situation?

The way you repay your mortgage can have cost implications that reach beyond servicing your loan from month to month – and a broker will focus on maximising your potential savings. Variable-rate repayments mean borrowers can make early repayments or even refinance their home loan without penalties, whereas fixed-rate home loan repayments have break fees and limit early repayments. Split-rate repayments are a mixture of the two.

  • Using fixed-rate home loan repayments to get back on track
    Let’s say you’re looking to take stock of your finances straight after buying a home. A couple of years of stability might be just what you need. A fixed interest rate usually lasts between one and five years, so you can use one to get predictable repayments, then take a fresh view when the fixed period ends. At that point, you might decide to refinance your home loan to reflect your new circumstances, or you may have accrued some savings you can use with an offset account to start paying down your mortgage a bit sooner.
  • Using variable-rate repayments to improve your home
    Part of your home buyer plan might be to buy a fixer-upper and gradually turn it into the home of your dreams. With property prices continuing to rise, right now could be a good time to put that plan in motion. Variable-rate repayments offer more opportunities to use the equity in your property for home improvements and renovations without costs. As the value of your home increases, you can build up funds further by making extra repayments and then pay for work using a redraw facility. That way, you’re always adding value to your home by using equity – not by building up unsustainable debt.

Why use a Savvy mortgage broker?

No matter who you are, a Savvy broker can help find the most suitable mortgage for you, drawing on many different specialist home loan products.

  • Owner-occupier home loans:
    Holland Park is a stone’s throw from the CBD, and a broker can help you access professional package home loans that offer interest rate discounts based on what you do for a living. The area’s median property prices are still low, at around $800,000 for houses and just $400,000 for units. You can still find some tremendous entry-level apartments around the $300,000 mark, which is very reasonable this close to the city.
    Think low-deposit home loans, or guarantor mortgages, and family pledge loans to help you get on that first rung of the property ladder. Choose from a range of home loans for the self-employed if you run your own business.
 
  • Mortgages for second home buyers and investors:
    Median prices that low so near the city create a happy hunting ground for second home buyers. Its average weekly rent shouldn’t put you off, either, at about $500 for houses and $400 for apartments – equating to a healthy rental yield of 5%. A local broker can help you compare many different investment home loans, plus you can access specialist features like interest-only repayments, too.