Mortgage Brokers Melton

Compare more home loans and save money with a trusted mortgage broker through Savvy.
Written by 
Savvy Editorial Team
Savvy's content writing team are professionals with a wide and diverse range of industry experience and topic knowledge. We write across a broad spectrum of finance-related topics to provide our readers with informative resources to help them learn more about a certain area or enable them to decide on which product is best for their needs with careful comparison. Meet the team behind the operation here. Visit our authors page to meet Savvy's expert writing team, committed to delivering informative and engaging content to help you make informed financial decisions.
Our authors
, updated on August 8th, 2023       

Fact checked

At Savvy, we are committed to providing accurate information. Our content undergoes a rigorous process of fact-checking before it is published. Learn more about our editorial policy.

Finding a licenced mortgage broker just got a whole lot easier. Savvy partners with Australia’s best-rated home loan specialists, making it simpler for everyone to find competitive home loans and advice they can trust. Here’s how talking with a mortgage broker can help you find a better home loan.

What does a mortgage broker do?

Put simply; mortgage brokers are experts at assessing the needs of borrowers and then finding specific solutions that match their requirements.

They can do that because they have a detailed knowledge of the industry, how different home loan features work, and which lenders offer which products. Great mortgage brokers listen to borrowers and access a wide panel of finance provider partners to find the most cost-effective personalised option.

Getting a mortgage at the bank is a lot more like buying a suit off the rack – it won’t always be the best fit. Mortgage brokers take the time and hassle out of shopping around and target a more tailored solution. Part of that is matching how you pay interest to your budget and long-term goals:

Can a mortgage broker help me reduce monthly expenses or pay off my home loan early?

Yes – one of the primary aims of any good mortgage broker is to do just that. Every homeowner is different, and they need a low interest owner-occupier mortgage and features that work for their specific plan – whether that’s keeping down the monthly cost of owning a home or paying off your loan more quickly. That’s where the unique skills of a mortgage broker can help:

  • Find options for reducing your overall existing debt using home loan refinance. If you’ve had a home loan for several years, a broker can also likely help you find a lower interest rate just by switching lenders, with tailored terms to better suit your current situation.
  • A Savvy mortgage broker can show you how to use an offset account to reduce home loan interest by using the balance of your savings against your loan principal, reducing the total cost of your mortgage. Using an offset feature can shave years off your home loan, depending on how much you deposit in the account
  • They can advise about home loan fees if you plan on making extra repayments during the term and paying down your loan quicker. Some lenders and products come with higher fees for doing that than others, so a broker can narrow your search accordingly.

I’m an investor in Melton. Can a mortgage broker help me?

For investors, there’s a handy choice of older established and brand-new properties, for which a Savvy broker can show you a range of different home loans and features designed to optimise your strategy.

  • Mortgage brokers will help you compare a huge selection of specialist investor home loans, customising products according to your budget, circumstances, and schedule.
  • If you’re considering buying an older property in Melton, a broker can help you weigh up the costs and benefits of different mortgage features. That might mean using a redraw facility to help renovate an older building and develop equity fast.
  • Alternatively, investors can look at using interest-only repayments with a new-build.

Sometimes, being a busy investor means delegating, and our mortgage brokers essentially perform like your own personal consultant, providing advice throughout the entire home buying process, chasing up home loan applications and helping keep things on track right up until the lender settles your loan.

Helpful guides on home loans

3 tips on how to get out of the rent cycle

1. Financial decisions you make today can affect tomorrow It is the small things that will count when it comes to being financially fit to flex your credibility when applying...

Beginner's guide to home loan refinancing

Make sure you know what are you paying Unfortunately, there are not many Australians who know exactly where their money goes when refinancing. Before taking this step, make sure you know...

5 things to ask your pool builder

Warranties Normally, when paying a significant amount of money for having your pool built, you should know what you are paying for. So, you must ask about the warranties included...