Don’t leave anything to chance when it comes to comparing low-interest home loans and getting the best deal. Savvy helps home buyers connect with licenced, fully-approved home loan specialists all over Australia. Get advice about different home loan features, discuss your plans and save money by talking with a local mortgage broker before you buy.
Why is a Savvy mortgage broker better than my bank?
Mortgage brokers can show you many more rates and products than one or a couple of lenders or banks – but that’s not all they do.
In practice, a local mortgage broker can target more products and features depending on your aims and finances – but crucially, they can explain different products and options in your own specific context. Let’s look at a couple of possible scenarios:
- Let’s say you’re about to buy a new home because the family has grown. That means a deposit may not be an issue, but you could have some spare equity too. A broker’s job is to consider your whole situation, not just to get you in a new home. You might be better off avoiding fixed-rate repayments, so you can instead access your equity with a variable interest rate by using a redraw facility. That gives you more scope to widen your search, including houses that need a new kitchen or some landscaping, and prioritise your must-haves, like being within walking distance to school, for example.
- Every home buyer is different, and your own situation might require an entirely different approach. Talking to a Savvy broker just ensures you know about all the mortgage features available, where you can reduce costs, and how to make the most of the money or equity you’re working with. Another home buyer might have savings they can use to pay off their mortgage quicker, using an offset account in combination with split-rate repayments, rather than letting that money languish in a savings account with a low interest rate.
There isn’t a typical buyer, and with a local mortgage broker, there’s no shortage of unique and innovative, cost-saving features and home loan solutions either.
How do mortgage brokers work for local investors?
How do mortgage brokers help first-time buyers?
It can be challenging to get your first foot on the property ladder, but a Savvy mortgage broker is a great way to start. They offer an advantage over national lenders and banks because they know the specific requirements and incentives available for first-time buyers in Queensland inside-out.
Our brokers are ideal for assessing eligibility for first home owner grants (which differ from state to state) and finding you low-deposit mortgages. They can also access a range of solutions designed to allow your family to help you buy a home – like guarantor home loans and family pledge mortgages.
How does Savvy find the best mortgage brokers in Rockhampton?
Here at Savvy, we’re proud of our excellent reputation for helping thousands of Australians access faster, fairer, and more cost-effective finance for a number of purposes – and we demand the same from our local mortgage broker partners.
When you enquire via our website, you’ll connect only with the top-rated mortgage brokers. They’re all FBAA or MFAA-approved and we carefully vet all our partners according to their customer service records and past results.
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.