Tamworth is a thriving town with a rich history, located on the Peel River around 400 km north of Sydney, and presents as a great option for would-be homebuyers. However, you can't always find the best deals on your own. Mortgage brokers have access to a wide range of different lenders and can source far lower interest rates for you when searching for property finance. Not only that, but our brokers help you apply for a home loan and maximise your chances of approval. Get the help you need, lower costs and arrange a home loan quicker by connecting with a licenced home loan specialist via Savvy.
Why get a mortgage through a Savvy broker?
Our mortgage brokers provide home buyers with expert local knowledge, but they work with different lenders all over Australia. They can find many more home loans than if you just ask your bank, for instance. In the last 20 years or so, mortgage brokers have become an integral part of the Australian lending landscape, creating more diversity and competition, and responsible for organising well over half of the nation’s home loans, according to independent studies.
Most brokers can access hundreds of different products, which means you’re likely to find a lower interest rate and better terms. When you approach a Savvy broker, they’ll look at every aspect of your finances and what you want to achieve. From there, they search the best owner-occupier mortgages, comparing various products and features like fixed or variable-rate repayments and split repayments, for a solution that best matches your current needs, future plans, and your budget.
Can a mortgage broker help me qualify for a home loan?
Yes – Savvy's mortgage brokers do more than just search the best interest rates and features. They also help homebuyers prepare and apply for home loans, and they’ll match you with lenders that have qualification requirements that match your circumstances – so you stand a better chance of being approved. They can also access a range of specialist home loan products, including:
- Owner-occupier home loans: Brokers can access some of the best home loan interest rates out there from a diverse selection of lenders. They also offer homeowners various features designed to save them even more money, like redraw facilities and offset accounts.
- Home loans for first-time buyers: Despite the town's prosperity, first home buyers can still find houses with accessible prices. The average is $400,000 and units can be bought for about $260,000. Brokers can access specialist solutions for first-time buyers, like low-deposit home loans, guarantor mortgages, and family pledge loans.
- Investment home loans: More than a quarter of local residents live in rented accommodation, and landlords can expect rental yields around 5% for both apartments and houses, with weekly rents of $350 and $260 respectively. Local brokers can access a range of specialised investment home loans, features like interest-only repayments, and helpful options like lines of credit.
- Home loan refinance: If you’re thinking about switching lenders, a mortgage broker can help you compare hundreds of flexible, low-interest solutions, assist with preparing and submitting your application, and make sure the transition happens smoothly.
How do I find a licenced mortgage broker in Tamworth?
Finding a licenced mortgage broker is easy when you enquire with Savvy. We’ll quickly connect you with MFAA or FBAA approved local home loan professionals that have been carefully vetted for customer service ratings and their results.
At Savvy, we help thousands of Australians find more affordable finance each year and make sure we work with brokers who can save home buyers money, time and effort.
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.