Looking for a mortgage broker in Nowra? Read through our list of some of the most recommended brokers in the region. Photo: File.
Are you in the process of organising a property loan application? If so, you know first-hand how overwhelming the process can be. Not only are there more than 100 loan products on the market, they’re all different. This makes choosing the best one confusing indeed.
A qualified and experienced mortgage broker can help take the stress away. Mortgage brokers are expert at connecting you to a suitable lender. They can also save you time and money.
In this article, we’ll outline the qualities to consider when choosing a mortgage broker and share where to find the best in the Nowra area.
What makes a great mortgage broker?
Choosing the right mortgage broker can help fast-track finding the right mortgage. It can also take the stress out of what can be an emotionally draining experience. Great mortgage brokers help you work through the complicated mortgage maze.
It can be helpful to keep the following in mind when choosing a mortgage broker in the Nowra area.
- Qualified and licensed. Choose a mortgage brokers who has the right credentials. Check that they’re qualified and licensed. Also check if they hold an Australian Credit License or Credit Representative status, as required by the Australian Securities and Investments Commission. You’ll find a lot of this information online.
- Range of products. A quality broker has access to and can compare an excellent range of lenders and products. This means they can compare different mortgages and source the best one for your needs.
- Availability. The last thing you need when sourcing a mortgage, is a broker who is too busy to take your calls. Ask your mortgage broker how busy they are. Also ask how quickly they will return your calls and emails.
- Fees and commissions. Some mortgage brokers charge for their services, but others offer services free of charge. This is because mortgage brokers get a commission from lenders. Talk to your mortgage broker about fees, commissions and any other charges, so you’re not caught off guard.
- Industry affiliation. The most reputable brokers are affiliated with reputable, leading industry bodies. Membership indicates they follow ethical practices and adhere to strict codes of conduct. Check for memberships with associations like the Mortgage and Finance Association of Australia.
The best mortgage brokers in Nowra
RiotACT’s editorial team has combed through 20 years of on-site comments to compile a list of the most recommended businesses according to you.
To be listed in our Best of Canberra series, each business needs to have consistently received positive feedback on RiotACT and Facebook and maintain a minimum average of 4/5 stars on Google.
Mortgage Choice Nowra
Multi-award winning Mortgage Choice has extensive knowledge and experience in the current lending environment. The home loan service is free to clients with Mortgage Choice being paid by the lender. More than 400 products are available, and the commission is the same regardless of the home loan chosen.
On Google, Dylan Osmetti wrote, “Always a pleasure dealing with the whole team at Mortgage Choice Nowra. They have always made the process very easy.”
Australian Property Finance Nowra
Established in 1998, Australian Property Finance is a one-stop-shop for those seeking the best property loan, whether for a home or an investment. There are no charges for services or hidden costs. Australian Property Finance takes care of the loan process, from application to approval.
On Google, Scott Burnie wrote, “Would not go anywhere else ... The service is great. The people are always available to talk through an issue and they keep you fully informed.”
Aussie Home Loans Nowra
With extensive experience in lending and mortgage broking, the team of fully qualified brokers at Nowra’s Aussie Home Loans office is committed to delivering optimal results.
Marcus Don wrote on Google, “We bought our first home with Chris and were new to the whole game. Chris helped work out offers, solicitors and just about anything needed to help us get into our home. Great service all the way.”
Clarity Home Loans
The professional, experienced mortgage brokers at Clarity Home Loans support clients to find, apply for and secure a loan, with the minimum fuss. That includes first-time buyers, those moving to another home, investors and retirees.
Laura Whiting wrote on Google, “Before we were even ready to start properly looking to buy, we were able to sit down and go through the whole process with our broker, how every step of the process worked, and how much we could comfortably borrow. This gave us great confidence …”
Sarah Holder–Loan Market
Sarah Holder is a mortgage broker based in Nowra who services the Shoalhaven and Illawarra. She supports clients to secure the best mortgage possible, answering all questions and scheduling appointments at times that best suit clients.
On Google, Sian Silk-King wrote, “Buying a property can be very stressful and Sarah took away all the stress. Sarah is professional in every way and goes above and beyond … Our turnaround was fast and she achieved a fantastic rate.”
If you’re looking for more information on financial support, you might like our articles on the best mortgage brokers, best financial planners, best tax accountants, and the best conveyancing lawyers that Canberra has to offer.
Your experience with mortgage brokers in Nowra
Thanks to our commenters who have provided insightful feedback. If you believe we have got it wrong, please let us know.
Have you had experience with any of the mortgage brokers listed above? If so, share your feedback in the comments below.
Frequently Asked Questions
What do mortgage brokers do?
Mortgage brokers act as an intermediary between borrowers and lenders, to find the best loan possible for clients of all types. They save buyers time from having to research and compare all the loan products in what can be a complicated marketplace. They also can explain complicated loan matters and support you to apply for and secure a loan.
How much do mortgage brokers charge?
Many mortgage brokers do not charge borrowers for their services. This is because they’re paid a commission by lenders. It’s important to understand that different lenders pay different commissions. You’ll want to ensure your mortgage broker isn’t steering you to a lender only on the basis of the highest commission. Discuss this openly with your broker. Some mortgage brokers do charge, however. It’s best to shop around and ask potential brokers to be precise in writing about any fees they charge.
Is it better to use a mortgage broker or a bank?
A mortgage broker has access to a wide range of loan products and is free to compare them and recommend the one that best suits your needs. A bank only sells their own loan products and is not free to recommend others. This doesn’t mean banks don’t have quality products, however. It’s best to talk to your bank as well as a mortgage broker when looking for a loan.
What are the benefits of using a mortgage broker?
Mortgage brokers can save you time, effort and even stress. This includes time in researching the many types of loans in the marketplace. It also includes time in applying for loans since many brokers will help you with paperwork and explain processes to you. A quality mortgage broker can also save you time by dealing with your solicitor, valuers and even builders. Having one point of contact can streamline matters.
How do I choose the best mortgage broker?
Research a few mortgage brokers online. In doing so, check their experience and qualifications. Check to see if they’re a member of a professional industry body. Membership indicates that the mortgage broker follows ethical practices and adheres to strict codes of conduct. You can also check online reviews and ask your mortgage broker for references. It’s best to have an initial meeting with a mortgage broker before signing up with them. This way you can be sure you’ll get along with your broker and have confidence in them.
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