Mortgage Broker Reservoir

Looking for a mortgage broker in Reservoir? I'm Glen Stokes, and my office is right here on Plenty Rd in Reservoir. I've spent more than 18 years helping people across Melbourne's north secure the right home loan, and no suburb is closer to home for me than the 3073 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 Reservoir buyers use a mortgage broker

Reservoir is one of the last suburbs this close to the city where you can still buy a house on a full block, and buyers have noticed. Post-war brick veneers and weatherboards on generous land sit alongside a growing wave of townhouses and units, and first home buyers priced out of Preston and Northcote keep pushing demand along the Mernda line and around the Edwardes Street shops.

That mix matters when it comes to finance. Some lenders sharpen their rates for established houses on big blocks, others take a different view of new townhouses or smaller units. 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 Reservoir

Reservoir is one of Melbourne's most popular suburbs for first home buyers, and they make up a large share of my local clients. 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 move quickly whether the home you want goes to auction or private sale.

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 Reservoir home loan

If you bought in Reservoir 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 Reservoir

Strong rental demand, the train line and land value make Reservoir a popular choice for investors, from a first investment unit to a townhouse development site. 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.

Nearby? I also help buyers and homeowners in Preston, Thornbury, Coburg and Northcote, and right across Melbourne's northern suburbs.