Mortgage Broker Clovelly

Clovelly properties sell by both private treaty and auction. Given the small number of listings at any one time, properties attract strong interest quickly. Having pre-approval in place before you start inspecting is essential. We can have this ready within a few business days.

Absolutely. Many Clovelly homeowners are surprised how much they can save by refinancing, particularly those who purchased several years ago and have not reviewed their rate since. We compare your current loan against 30+ lenders, identify the savings available, and manage the switch from application through to settlement. In many cases the annual savings more than outweigh any switching costs.

A 20% deposit on the median Clovelly house is over $1 million once you add stamp duty, so not everyone gets there with savings alone. Lenders will go above 80% LVR with LMI, some professions can borrow up to 95% without paying it, and for upgraders the answer is often equity in an existing property. We'll work out which option suits you. There's more detail on our home loans page.

Absolutely. If your Clovelly property has grown in value, you may have significant usable equity. We can arrange a loan structure that accesses this equity to fund a deposit or purchase another property, whether as an investment or a lifestyle upgrade. We'll model the options based on your current loan and property values.

Quite possibly. A number of lenders waive LMI for certain professions, including doctors, lawyers and accountants, up to 95% of the property value. At Clovelly prices that can be a saving of $100,000 or more. We arrange these regularly, so it's worth a conversation before you assume you need a 20% deposit. See specialist lending for more.

It's a stretch. Even units mostly sell well above the government scheme caps. Where we do see first home buyers succeed is with family guarantees or parental help with the deposit, and occasionally with an older, smaller unit. Our first home buyers page covers the options.

Clovelly is a capital growth story rather than a yield one. House yields sit under 2%, but scarcity has driven long-term growth well above the Sydney average. Most investor activity here is in units, where yields are a little better. We structure investment loans to suit either approach. See investment loans for more.

If you're comparing mortgage brokers in Clovelly, ask them about the suburb. Shane lives one beach over in Coogee and has helped clients buy here for years. He knows the streets, the agents, and what properties actually sell for. A bank can only offer you its own products. We compare more than 30 lenders and the service costs you nothing.

Our service is completely free to you. Lenders pay us a commission when your loan settles. There are no upfront costs, no hidden fees, and no obligation after an initial conversation.