Home VIC Reservoir

Mortgage Brokers in ReservoirVIC 3073

About Reservoir

Reservoir, VIC 3073 is a vibrant suburb located only 12 kilometers north of Melbourne's CBD that boasts a population of 50,765 people, with a median age of 38. With its charming streets, hip cafes, and diverse multicultural community, Reservoir is a great place for families and young professionals alike.

One of the best things about Reservoir is its abundance of green spaces. The Edwardes Lake Park and the Galada Tamboore Path provide stunning nature walks and recreational activities for residents to enjoy. Besides, Darebin Creek Trail, Reservoir Leisure Centre and Preston Market also add to the list of attractions in the suburb to visit.

Transportation in Reservoir is convenient, with the train station and regular bus services providing quick and easy access to Melbourne's CBD and other neighboring suburbs. For those who prefer to drive, Reservoir is conveniently located near the major thoroughfares of the Hume Highway and the Metropolitan Ring Road.

Overall, Reservoir, VIC 3073 is a great place to live, offering a balance between peaceful suburban living and easy access to the vibrant city. With its numerous parks and landmarks, diverse mix of residents, and convenient transport links, Reservoir is quickly becoming one of Melbourne's most desirable suburbs.

Featured Mortgage Brokers that service Reservoir, VIC

Suburb Snapshot - Reservoir, VIC 3073

Population

50,765

Median Age

38

Median Mortgage Repayment

$1,986 / month

Median Rent Payment

$1,564 / month

Median Household Income

$80,132 / year

Properties Owned Outright

32%

Properties Owned with Mortgage

30%

Properties Rented

38%

Morgage Brokers in Reservoir & Surrounding Areas


See More Mortgage Brokers in Reservoir


Recent Reviews for Mortgage Brokers near Reservoir

Can you afford to buy in Reservoir?

Check your Borrowing Capacity for free in less than 60 seconds.

Get Started

Frequently Asked Questions about Mortgage Brokers in Reservoir, VIC 3073

How much does it cost to use a Mortgage Broker in Reservoir, VIC 3073?


Mortgage Brokers in Reservoir, VIC 3073 generally don't charge for their services, and if they do, will let you know upfront before any service takes place. Mortgage Brokers in Reservoir, VIC 3073 are generally paid for their services by a lender once you get your loan.

What services can Mortgage Brokers in Reservoir, VIC 3073 help with?


Mortgage Brokers in Reservoir, VIC can usually help with:

  • Home Loans

  • Refinancing Loans

  • Investment Loans

  • Construction loans

  • Building Loans

  • Bridging loans

  • SMSF loans

  • Equity Access Loans


If you're not sure who can help, feel free to send us an email here and we'll try to find someone you can help you.

Where else can Mortgage Brokers in Reservoir, VIC 3073 help?


Mortgage Brokers in Reservoir, VIC 3073 can usually help in the surrounding areas including: Reservoir North, Reservoir East, Keon Park, Kingsbury, Reservoir South, Preston, Thomastown, Preston West

What grants and/or incentives are available to buy a house in Reservoir, VIC 3073?


Grants and inventives available include the First Home Guarantee, Family Home Guarantee, First Home Owner Grant, First Home Super Saver Scheme and potentially some Stamp Duty related excemptions. To understand what you might qualify for in Reservoir, VIC we'd suggest getting in touch with a Mortgage Broker or reaching out to us here.

How much can I borrow to buy in Reservoir, VIC 3073?


Your Borrowing Capacity depends on a number of factors including how much you earn, your expenses and the size of your household. To understand more about your borrowing capacity and whether you can afford to buy in Reservoir, VIC, get your Free Borrowing Capacity here.

How can I become a Mortgage Broker in Reservoir, VIC 3073?


To become a Mortgage Broker in Reservoir, VIC 3073, you generally need to obtain a Mortgage Broker Diploma.

To obtain a Mortgage Broker Diploma in Reservoir, VIC 3073, you will need to complete a Certificate IV in Finance and Mortgage Broking and meet other educational requirements set by the Australian Securities and Investments Commission (ASIC).

The Certificate IV in Finance and Mortgage Broking is a nationally recognised qualification that can be obtained by completing a course of study with an accredited training provider. The course typically covers topics such as lending and credit assessment, loan structuring, compliance and legislation, and communication and customer service.

To meet the educational requirements for a Mortgage Broker Diploma, you may also need to complete additional studies in business management, finance, or related fields. The exact requirements may vary depending on the state or territory in which you plan to work and the industry body to which you are affiliated.

Once you have completed the necessary education and training, you will also need to obtain accreditation from a lender panel and register with ASIC as a credit representative.

It's important to note that obtaining a Mortgage Broker Diploma is just one step in becoming a successful mortgage broker. To excel in this field, you will also need to have strong communication skills, a good understanding of the lending market, and a commitment to providing excellent customer service.

What does a Mortgage Broker in Reservoir, VIC 3073 do?


A mortgage broker in Reservoir, VIC acts as an intermediary between borrowers and lenders, helping people find and apply for home loans.

Mortgage brokers in Reservoir, VIC typically have access to a wide range of lenders and loan products, including those from major banks, smaller lenders, and non-bank lenders. They can provide advice and guidance on the various types of loans available, including fixed and variable rate loans, as well as features such as offset accounts, redraw facilities, and more.

Once a borrower has chosen a loan, the mortgage broker will assist with the application process, helping to gather all necessary documentation and submitting the application to the lender on the borrower's behalf. They will also liaise with the lender throughout the application process, keeping the borrower informed and addressing any issues that may arise.

Overall, the role of a mortgage broker in Reservoir, VIC is to help borrowers navigate the complex home loan market and find the most suitable loan for their needs.