Is it Worth Finding the Best Mortgage Broker in Sydney?
What Does a Mortgage Broker Do?
A Good Mortgage Broker Makes All the Difference
If you’re looking for the best mortgage brokers in Sydney, take a little time and do some research. The best mortgage brokers make the home loans process much easier and help you get the best home loan interest rate possible.
Our mortgage brokers in Sydney are dedicated to assisting you by expertly navigating the home loan application process so that you can realise your goals of home or property investment ownership.
We’re Not All Things to All People
We’re not all things to all people and out of practicality we don’t try to be. The Sydney mortgage broker market is a competitive one. There is no shortage of mortgage brokers in Sydney to choose from.
Benefits of Mortgage Broker Power
Personalised service and straightforward direction from our extensive local knowledge are standard features of our home loan finance solutions.
You will have access to an extensive range of lenders, including all of the top ones in the market so you can find the right home loan for your needs.
Why Not Retain the Best Mortgage Brokers
in Sydney You Can Find?
Two Decades of Experience
Since 2000, our mortgage brokers in Sydney have been assisting customers in finding the best home loans for their needs.
We’re not a huge franchising operation, we are a boutique mortgage broker service in Sydney that has been in business for almost a quarter of a century that provides a custom tailored home loan service to our valued clientele.
Fast Personalised Service
We provide online services, in your home appointments, at our office, also we’re happy to do Zoom or Skype interviews.
Our customers come from all over the Sydney metropolitan area and many others throughout NSW areas and beyond.
You Deserve the Best Home Loan You Can Get
If you’re looking for a residential mortgage with the lowest home loan interest rate and have one of the best mortgage brokers in Sydney NSW on your team, you’re in the right place.
Our Mortgage Brokers in Sydney Help
You Find the Right Home Loan
- Negotiate the Best Home Loan Interest Rates
- Independent mortgage brokers who provide unbiased advice
- How to structure an intelligent mortgage based on your own unique personal needs
- Discuss and understand your financial situation, now and for the future
- Deliver a minimal stress free home loan lending process
- No out of pocket costs for our services
That’s right! Because we receive a commission from the lender you select, our mortgage broking service is 100% FREE to you.
Master Mortgage Broker Sydney Services
Moving House Loans
Get the money you need to move quickly and easily.
Feel Secure In Knowing You’re Doing Everything Possible To Save Money.
First Home Buyer Loans
You’re about to take an important step in life, it’s important to get it right.
Property investment Loans
Avoid the common mistakes made by many when it comes to investment loans
Self Employed Home Loans
Relax knowing that you’re in good hands with self-employed home loan experts.
Home Loan Pre Approval
You’ll be able to compare homes with price tags that fit your budget.
Low Doc Home Loans
Get your dream house without the hassle of jumping through all of those hoops.
Debt Consolidation Loans
There are a lot of opinions out there on debt consolidation So, what’s the truth?
Allow Top Mortgage Brokers In Sydney
Find the Right Home Loan
You may have noticed that there is no shortage of websites claiming to be the best mortgage broker or the best mortgage brokers in Sydney.
We’re Not All things to All People.
We invite you to allow us to use our cutting-edge technology resources to compare your financial situation with all the major banks, all of the second-tier banks, most of the non-bank lenders, and possibly some you may have never even heard of.
Expert Mortgage Brokers Advice
Professional Mortgage Advisor Guidance
Getting the right home loan is one of the most important financial decisions you can make in your life – we keep your best interests front and center!
See the Forest From the Trees
The reality is that some homebuyers don’t always know what they should be asking about when it comes to home loans. That’s where we come in.
Our Mortgage Brokers in Sydney Give
You That Razors Edge Advantage
We know mortgages!
No matter what your personal circumstances are, it’s important to be educated about the financial decisions you make.
That’s where we come in – helping you get to know your options and then offering our expert mortgage advice on how best to take advantage of them.
Get Expert mortgage Advice From
Independent Mortgage Brokers
Less Stress in Your Life
When buying or refinancing a property, every aspect of the process can seem like a hassle – from finding the best home loan interest rate to completing the application, providing required documentation, getting the home loan pre-approval, satisfying any lender exceptions, waiting for property market valuations, obtaining unconditional approval, etc.
We Care About Your Best Interests
That’s why having qualified professional Sydney mortgage broker by your side is so helpful; they help streamline everything into one easy-to-manage package.
What Does a Mortgage Broker Do?
Professional Mortgage Advisors
If you’re buying or selling in the property market, most people will use the services of a real estate agent. Mortgage brokers are also common in securing home loans for these properties.
However, not everyone is familiar with the true role of mortgage brokers in securing mortgages.
No Price Increase
Mortgage brokers are Certified members of an industry body such as the Mortgage and Finance Association. All brokers are required to have an Australian credit licence or have a Credit Representative number through an Australian credit licence holder.
They act as a lender go-between and assist home-buyers in identifying those lenders that are offering the most attractive home loan interest rates and options for their chosen property.
Find Lending Solutions Where Others Can’t
They’ll help you find alternative solutions if you have a smaller deposit and need lenders mortgage insurance. Or, your preferred lender may be out of your reach financially because you have too low of an income, too few assets, or issues with your credit history.
Most mortgage broker services in Australia are free as their fees are usually paid by the lender.
Can The Best Mortgage Brokers Get Me
a Better Home Loan Interest Rate?
The best mortgage brokers in Sydney are true professionals that find the best mortgages to suit your own unique needs. They have access to a large panel of lenders and they also know which ones offer the best interest rates.
Not Sure About Using a broker, consider these benefits;
- Saving money is always good! Mortgage brokers typically do get you better interest rates than if you were to go directly through a bank. If it saves you even 0.25%, it adds up over time- especially with an amortization schedule of up to 30 years!
- You can save on fees – some lenders at times charge above market fees for processing mortgage applications – this doesn’t need to happen when going through a mortgage broker – since there’s more competition among lenders.
- Sometimes banks will also try and only give you a good interest rate on new mortgages instead of refinancing. Good mortgage brokers can certainly sort that one out in a hurry.
The best mortgage brokers in Sydney will save you money, time and stress while delivering to you the most competitive interest rate!
Free Assessment - 02 8861 1689
Mortgage brokers are professionals who assists people with financing their home purchases. In Australia their services are free as the lender the customer eventually chooses will pay the broker a commission. But the broker is usually not affiliated directly with the lender or bank where they are able to obtain funding.
The best mortgage brokers can assist clients with learning about different types of home loans (including owner occupied and investment loans) and the benefits of each one, including interest rates, fees, monthly payments, and financial documentation required by lenders. A mortgage broker will also be aware of concerns such as credit history and income verification that may affect whether a person is approved for certain mortgages
When applying for a mortgage through qualified professionals such as experienced licensed mortgage brokers in Sydney, you’ll likely find it much easier to get your loan approved along with a great interest rate than if you applied on your own or go straight to the bank.
How do mortgage brokers get paid in Australia?
Mortgage brokers are paid by lenders when they bring in new clients. This is called ‘broker remuneration’ or ‘broker commissions’.
The lender will pay out a small percentage of the loan amount to the broker, as an upfront commission. This can usually range from 0.5% to 0.7%. They also receive a small trailing commission each month during the life of the loan under their care. This can be anywhere from 0.05% to 0.15%.
Mortgage brokers don’t get paid if they fail to find you a loan, so there’s no risk in working with them and trying out their services!
It’s highly advisable to engage with one of the best mortgage brokers you can find at the very beginning of your mortgage project. No matter whether it’s your first home loan or looking to refinance an existing one. They can save you time, money and a whole lot of hassle in the long run.
It will also give you one point of contact throughout the process which saves time later on if you want to switch lenders or buy another property.
The number of lenders out there will be overwhelming to any first-time buyer. A mortgage broker deals with all different types of banks, credit Unions and building societies. So, they can offer you many options and help guide you on selecting the one that will benefit you the most in the long run.
A mortgage broker is paid by commission from the chosen lender, so they are encouraged to get you the best deal! You can ask them for their advice on the various offers available.
If you’re in the property market to buy a dwelling, one of the first things you should do is get pre-approved for the mortgage. Getting pre-approved for a mortgage is when mortgage lenders verify your employment, income, borrowing capacity and credit history in advance before you begin house hunting.
Think of mortgage pre-approval as a step closer to buying the home of your dreams.
In other words, mortgage pre-approval is the smart thing to do before seriously stepping into the property market, because it shows that a mortgage lender has checked your credit and verified that you have enough money to buy the home of your choice.
Lenders’ Mortgage Insurance explained, or LMI, is insurance that protects the lender, not you. It’s usually a one-off payment made by the borrower at the time of loan settlement. You will likely pay LMI if you borrow more than 80% of your home’s value (some exceptions apply).
Lenders Mortgage Insurance helps protect lenders against losses arising from defaults on home mortgages by borrowers who are unable to repay their loans.
So if something happens and you’re no longer able to repay your house loan, they’ll get some (or all) of their money back.
Call 02 8861 1689 to chat with one of our savvy mortgage brokers in Sydney to get more information on lenders mortgage insurance and how it would affect you.
The First Home Loan Deposit Scheme (FHLDS) began on 1 January 2020. It allows eligible first home buyers to enter the property market to purchase with as little as a five per cent deposit and without the need to take out lenders mortgage insurance (LMI).
Get in contact with us and we will be happy to provide you with more detailed information about this and other Government incentives.
Buying a house is undoubtedly one of the biggest life milestones and as such, it deserves plenty of planning.
As you get started in the property market with your research, it’s important to know how much deposit and possible purchase costs you’ll need to save up and what the average of these amounts are for Australian property.
The amount of cash you need for a deposit and other costs when buying a house is different depending on whether you’re getting an owner-occupier or an investment home loan.
Owner-occupier loans are used to buy your own place to live in, whereas an “investment” home loan is designed for purchasing property to rent out.
The traditional owner-occupied home loan requires the buyer to have saved up at least 5% of the value of the purchase price as a deposit.
Investor loans have larger deposits – usually around 10%. However, there are higher priced exceptions.
However, it’s worth noting that this percentage can vary significantly between lenders. You may also have to factor in purchase costs, which can include purchase stamp duty, loan costs and conveyancing costs to name the main ones.
If you’re a first home buyer you could also be eligible for grants and concessions.
Get in touch (02 8861 1689) for more detailed information that would be applicable to your personal situation.