Many Australians find that mortgage brokers make comparing the best home loans a little simpler and more convenient. If you’re not sure which mortgage option best suits your plans, it’s a great idea to get expert help and advice, and the easiest way to find a trusted mortgage broker is via Savvy. We’ll quickly connect you with MFAA or FBAA-approved brokers who can help you find a range of home loan options and provide benefits with their industry-specific expertise.
How do mortgage brokers help different homebuyers?
Our brokers help many different types of home buyers find the borrowing option that works best for their specific aims and financial situation. They partner with a diverse selection of lenders so they can offer a wide range of regular owner-occupier home loans – but they can source specialist options and solutions too.
In some of the country’s most fast-paced local property markets, many buyers need to prepare to purchase a home at auction. If that’s you, let your mortgage broker know you’d like to get pre-approved for a home loan. Your lender will clear you to borrow a set amount for a set period (usually between 90 days and six months), so you can bid on a home with confidence.
House prices in Australia just keep on rising and many buyers find saving a deposit prevents them from entering the property market for many years. A Savvy mortgage broker can help you access products designed to overcome that hurdle, from low deposit home loans to guarantor mortgages and family pledge loans.
For borrowers who’ve experienced problems with borrowing in the past, mortgage brokers have access to specialist lenders who provide bad credit home loans. No matter who you are or what your needs, there are specialised home loan solutions out there and the key to finding your ideal option is to talk with a local mortgage broker.
Can a Toowoomba mortgage broker help me purchase a new home?
Buying off the plan is no problem. Toowoomba offers many fantastic new neighbourhoods for both investors and families and you can choose from properties ranging between a little over $200,000 and $600,000
Buying a brand-new home is one of the most convenient options when you’re working and raising a family. You can choose to lighten the financial load a little more with an interest-only repayments home loan while your property is being built. Put your savings to work paying off your home loan quicker with an offset mortgage once your loan switches from a construction loan to a standard home loan. Select either fixed rate repayments, a split-rate solution or use a variable rate with your home loan instead. Whatever your aims and however you choose to repay, having access to more lenders will help you find the most cost-effective option.
Whether you’re looking for a home and land package in Highfields, a construction loan in Glenvale or a house and land package mortgage in Rangeville, a mortgage broker can help you access more options that suit local market conditions.
Will I qualify for a mortgage in Toowoomba, and how can a broker help?
Mortgage brokers take a lot of the confusion, stress, and guesswork out of qualifying the best home loan deal.
- They don’t just provide access to many lenders and products; they assess your needs and goals and help you choose a home loan with the right features and repayment options.
- Brokers help home buyers prepare for applications and gather all the appropriate records and paperwork for success. They also explain the home loan application process as you go. That means everything generally goes a lot more smoothly.
- Brokers don’t rest until everything is finished. Once your application is complete, they chase up progress, liaise with vendors, and solve problems until the lender settles the loan and you can take possession of your new home.
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.