Mortgage Brokers Townsville

Looking for a licenced mortgage broker in Townsville? Savvy can help you find one fast and save money on a home loan.

Last updated on April 22nd, 2022 at 03:01 pm by Bill Tsouvalas

Mortgage Brokers Townsville

Find a licenced mortgage broker with Savvy and get the best expert advice possible before you choose a home loan. Whether you’re experienced, an investor, or a first-time buyer, you can save time and money by sourcing a mortgage specialist through Savvy.

How do mortgage brokers work and why should I choose one with Savvy?

In short, our mortgage brokers help home buyers compare and find the most effective solutions for home loans, assisting with getting mortgage applications completed in a shorter time along the way.

We can only do that because we’re highly experienced at dealing with different types of mortgage lenders. Unlike when you go to a bank – which will generally just offer a few of its own mortgage products – home loan brokers deal with banks, non-bank lenders, and specialist property finance providers. They have detailed knowledge of all sorts of mortgage products and practices as a result of that. When you talk with a broker, they’ll look to do a few different factors that can have a significant impact on how well your home loan works:

  1. Choose repayments that suit your budget:
    How you choose to pay interest can have a significant effect on the monthly cost of a mortgage, and a broker can help you determine which of a range of options works best for you. If you want to budget more easily, you might choose fixed-rate repayments that don’t change no matter what. Buyers who’d rather bet on low base rates can opt for variable-rate repayments. If you’d like to spread the risks associated with the wider economy, a broker can help you weigh the pros and cons of split-rate repayments.
  2. Leverage more lenders to find you better home loan interest rates:
    No matter how you choose to pay interest, finding the lowest home loan interest rates is important. Mortgage brokers tend to get lower interest rates for buyers because they maintain connections with more home loan lenders, which gives you a lot more to compare and increased competition.
  3. Home loan brokers will discuss your goals and recommend the right features based on what you want to achieve:
    Getting the right terms and home loan features is essential for all home buyers, and the chances of that are better when you let a mortgage broker source your home loan. That could be an offset account linked to your home loan, using your savings to reduce the overall cost, or a line of credit facility to let you access the equity in your property
  4. Mortgage brokers help you with the application process and deal with lenders on your behalf:
    Applying for a home loan can be a complicated business when it’s not what you do for a living. Any mistakes you make during the process can lead to delays or even refusals, so it’s a good idea to get expert help and advice.
  5. Most mortgage brokers get paid by lenders and don’t charge home buyers anything:
    Most home loan brokers get paid by lenders rather than home buyers, so it won’t cost you anything extra to use one.

Who uses mortgage brokers in Townsville?

Every home buyer can benefit from using a local mortgage broker. They can quickly source suitable home loans, repayment structures, and features, no matter who you are and what you want to achieve: