Mortgage Broker Preston

Looking for a mortgage broker in Preston? I'm Glen Stokes, and I've spent more than 18 years helping people across Melbourne's north secure the right home loan. I'm based on Plenty Rd in Reservoir, just minutes from Preston, and much of my work is with buyers, families and investors right here in the 3072 postcode.

As a broker, I work for you, not the bank. I compare home and commercial loans from more than 50 lenders, handle the paperwork and negotiations, and guide you from first chat to settlement with one point of contact the whole way through.

Why Preston buyers use a mortgage broker

Preston's property market has changed fast. Period weatherboards and brick homes sit alongside new townhouses and apartments, and prices reflect how popular the suburb has become with first home buyers and young families along the Mernda train line. That mix creates real differences in how lenders assess properties here: some are cautious with high-density apartments near High Street, while others sharpen their rates for established houses on full blocks.

Knowing which lender suits which property, and which will look most favourably on your situation, is exactly what a broker brings to the table. Instead of walking into one bank and getting one answer, you get a comparison across the market and a recommendation based on your circumstances.

First home buyers in Preston

A large share of my Preston clients are first home buyers. If that's you, I'll walk you through the whole process in plain English: how much you can borrow, the government schemes you may be eligible for (including the First Home Guarantee and Victorian stamp duty concessions), and getting pre-approved so you can bid with confidence at auction, which is how many Preston homes are sold.

There's no charge for any of this. As a broker I'm paid by the lender you choose, so my service is free to you, and I'm upfront about commissions if you ever want to see them.

Refinancing your Preston home loan

If you bought in Preston a few years ago, there's a good chance your loan no longer stacks up against what's available today. A home loan health check takes about 15 minutes: I look at your current rate, compare it against 50+ lenders, and tell you honestly whether it's worth moving. Sometimes the answer is that your loan is fine. When it isn't, refinancing can cut your repayments, unlock equity for renovations or your next purchase, or roll higher-interest debts into one manageable repayment.

Investing in Preston

Preston's rental demand, transport links and proximity to the city make it a popular choice for investors. I help investors structure investment loans for tax effectiveness and future borrowing power, working alongside your accountant or financial planner where needed. That includes interest-only structures, equity release from an existing property, and loans for purchases through a self-managed super fund.

Not sure where to start? Try my free calculators to check your borrowing power, stamp duty and repayments, then give me a call.