Mortgage Brokers Port Melbourne

Port Melbourne mortgage brokers help thousands of homebuyers save money on their home loans – here’s how
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, updated on August 8th, 2023       

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Why do I need to talk to a mortgage broker in Port Melbourne?

Speaking to a mortgage broker in Port Melbourne is the easiest way to compare the best home loans available from a diverse set of lenders. You’ll get help preparing and applying for a mortgage and save time chasing up progress too. Mortgage brokers work hard to find you the most convenient, cost-effective route to home ownership.

Port Melbourne’s Bay Street is at the centre of a diverse property market featuring industrial-style apartments, new waterfront developments – with median prices for units still as low as $700,000, and older streets lined with quaint Victorian workers’ cottages. You’ll find all the shopping opportunities, restaurants, and coffee joints you’ll ever need near the beach, and the neighbourhood is a magnet for young and maturing professionals. If you want a beachside feel to life, but you also like to live near the city and enjoy its buzz, Port Melbourne could just be for you. Why not ditch the car and make use of light rail and buses that take minutes to reach the CBD instead – then kick back with a beer and ocean air in the evening?

Why do I need to talk to a mortgage broker in Port Melbourne?

The reality of Australia’s lending landscape these days is it’s pretty much impossible to get around every offer and product on your own. In recent years, mortgage brokers have become a vital link between borrowers and an increasingly diverse community of lenders. Sticking with the big four national banks is no longer likely to find you the best deal out there, and brokers have proven to be highly effective at offering more choice and better economy for homebuyers.

  • Australian mortgage brokers partner with 34 different lenders on average.
  • More than 50% of mortgage broker-sourced home loans are with lenders other than the big four banks.
  • Nine out of ten mortgage broker clients are happy with the service provided.

What does a Port Melbourne mortgage broker do?

Brokers base the way they source your ideal mortgage on your finances, what you want to buy, and your plans. They’ll look at where you are right now and where you want to get, then compare all the relevant lenders and products to narrow down that search.

Port Melbourne is an area that appeals to a broad cross-section of potential homebuyers. Nearly 40% of its residents live in rented accommodation, and weekly rents for apartments averaging around $500 attracts investors who need viable borrowing options. Owner-occupiers arrive for the relatively low property prices so near the city.

Brokers can compare hundreds of owner-occupier home loans, find low-deposit mortgages for first-time buyers, and search for specialist investment home loan options from dozens of lenders. They can source specialised mortgages for self-employed homebuyers, home loans for people with foreign income – and access money-saving features and solutions for a range of other applicants, like:

  • Offset accounts, which let you use savings and regular income to reduce your mortgage term and the amount of interest you pay.
  • Redraw facilities that allow you to make extra home loan repayments and then access the equity in your property as a cheap source of additional borrowing.
  • Lines of credit that unlock the capital in your existing property or investment portfolio.

What’s the quickest way to find a qualified mortgage broker?

No matter what sort of buyer you are, when you’re looking for the ideal, most cost-effective mortgage option, it’s crucial you speak with licenced, experienced brokers. The fastest way to find a trustworthy mortgage broker in Melbourne is by enquiring through Savvy.

We work with the best home loan specialists and only select MFAA or FBAA approved mortgage brokers. Savvy carefully vets all its partners according to their record for getting results and a sound customer service history.

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