Why commute to the CBD when you can just take a scenic walk or ride across the harbour bridge? If you’re looking for a new home, our mortgage brokers can give you the lowdown on the local market while offering more competitive home loan products from national banks, local non-bank lenders and a panel of independent loan providers that stretches Australia-wide.
Whether you’re looking for a mortgage for your new home in Kirribilli or Neutral Bay, you can find what you need with Savvy. We partner with MFAA or FBAA-approved local mortgage brokers all over the country to bring home buyers better rates, tailored products and home loan features that save them money.
How do I benefit from talking to a mortgage broker?
When you don’t shop around for a home loan, it means two things. First, you limit your options considerably. Second, you miss out on rates you haven’t seen. A mortgage broker gets the searching done for you – a lot quicker than you could get it done yourself.
These days, there are hundreds of lenders out there, each offering different costs, products and benefits, and a Savvy mortgage broker has long-term relationships with many of them – meaning you don’t have to work hard to know you’re getting the best possible deal.
When you talk to a local broker, they’ll discuss your needs and compare all the best home loans to find one that meets them. When they’re satisfied you have the right borrowing solution, they’ll begin customising it to suit your specific goals and situation.
Brokers target lenders that offer favourable qualification requirements and home loan options that match a client’s finances and objectives. They assist throughout the application process and provide support right up until your mortgage gets settled.
I work in North Sydney. How can a Savvy broker help me find an affordable mortgage?
Our brokers are experts at matching home buyers to products and optimising cost savings. For many city workers, that might mean exploring a professional package home loan solution, which offers access to interest rate discounts based on their occupation or role at work.
Combined with cost-effective fixed or variable-rate home loan repayments, plus the option to use a range of additional features such as an offset account or a redraw facility, professionals can make their money work harder, while enjoying lower home ownership costs.
Can a Savvy broker find better mortgage deals for investors?
North Sydney is an extremely safe bet for investors, given its proximity to the business end of the city. It’s densely populated, housing stock consists primarily of apartments, and over 67,000 people live in the area. Of those, more than 42% live in rental accommodation and many work in the CBD or the area itself. The median price for houses sits at about $1 million and rent amounts to around $550 per week.
Investors in the area can choose from a range of specialist investment home loan products, with features designed to open up more options for expanding or establishing a property portfolio, such as:
What other mortgage options can a broker access?
Savvy brokers help many different types of home buyers find the mortgage solution they need. When you need a specialist home loan or feature, our home loan specialists have a full selection at their disposal including:
- Self-employed home loans for home buyers who run a business or work for themselves. A broker can help you compare hundreds of low-cost, innovative features and loans.
- Low-deposit home loans for smaller down payments. You can borrow up to 95 LVR with some low-deposit mortgages and get the same flexible features that come with a standard home loan.
- Split-rate home loan repayments allow you to use add-ons on part of your mortgage and get a fixed interest rate on the rest. Use features like redraw accounts without paying early repayment penalties as you would with a 100% fixed-rate home loan.
- Home loans for applicants with foreign income
can be used by Australian residents that still earn money overseas. Find competitive interest rates and solutions from dozens of lenders when you speak with your mortgage broker.
- A full range of low interest home loan refinance options with versatile repayment structures, flexible add-ons such as offset accounts and very likely a better interest rate than your current, outdated mortgage.
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.