Looking for a mortgage broker in Pambula? This list has some of the most recommended in the region. Photo: File.
Hoping to purchase a property in Pambula? Perhaps it’s your first dream home. Perhaps you’re upsizing or downsizing. You might even be an investor.
Regardless of the reason, buying a property inevitably means working through the loan maze to secure the best option. This can be stressful and time consuming.
With so many factors at play, including the size of mortgage you need, the price of your property, your income and debt load, it’s no surprise that many Australians opt to work with a top-quality mortgage broker.
Many mortgage brokers offer their services free-of-charge, earning a commission from the lender you choose. They can guide you through the ins and outs of what lenders offer and help you from your first application all the way to settlement.
In this article, we’ll outline the qualities to consider when choosing a mortgage broker and share where to find the best in Pambula.
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 Pambula.
- 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 Pambula
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.
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 …”
Heffernan Lending Solutions
Quick and stress-free service. That’s the type of mortgage broking services Heffernan Lending Solutions offers clients. Mortgage brokers do the heavy lifting to support clients by researching the hundreds of loan products available on the market and finding the one that best suits, as quickly as possible. Heffernan Lending Solutions is a family owned and operated business.
Julie DanzeyKirk wrote on Google, “Heffernan Lending Solutions provided us with exceptional, professional advice and service. Would highly recommend them to take the headache out of mortgage and refinancing.”
Mortgage Choice in Merimbula
The team of mortgage brokers at Mortgage Choice, servicing Merimbula and Bega, supports clients of all types looking for a property loan. They research options, handle paperwork, answer all questions and save clients time and money.
Stephen Hall wrote on Google, “Alan is a lifesaver when it comes to finance! He has helped us refinance multiple times and guided us through a property sale and purchase … he takes all the guess work out of finding the right loan for your circumstances.”
Mortgage Choice in Bega
For more than 25 years, the qualified brokers at Mortgage Choice have guided clients through the complicated home loan application process. The team offers easy-to-understand, expert advice, all at no cost to clients. Mortgage Choice in Bega performs to the highest standards.
On Google, Anneliese Wong wrote, “As a first-time home buyer, it was reassuring to be guided through the process, with plenty of sound advice along the way … Completely removed the stress of hunting for the right mortgage.”
If you’re looking for more information on financial support, you might like our articles on the best financial planners, best tax accountants, and the best conveyancing lawyers that Canberra has to offer.
Your experience with mortgage brokers in Pambula
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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