Skip to content Skip to main navigation

Home Loans

Highly experienced Mortgage Brokers
Phone 6209 1990

The Best Mortgage Brokers in Canberra 

19

Mortgage Brokers Canberra

Your home is usually the largest purchase you’ll make in your lifetime, but it’s amazing how few people invest the time and effort to make sure they’re getting the best deal on their home loan. Instead, many people adopt what they think will be the simplest option and approach their current bank to avoid the hassle of finding a more competitive loan—and that’s where a mortgage broker can help.

If you’ve never used a mortgage broker before, they compare a variety of home loan products from a range of different lenders to help you find the one that best suits you. However, not all mortgage brokers are the same.

To encourage more people to shop around for a better deal and remove some of the pain of finding a good mortgage broker in Canberra, we’ve pulled together some of the key things to look for when choosing a broker.

What to look for in a mortgage broker

  • Access to a large lending panel. In an ideal world mortgage brokers would be able to compare every home loan on the market to find you the best deal, but in reality, mortgage brokers will only compare loans offered by the panel of lenders they work with. In short, the more lenders they have on their panel, the more loans they’ll be able to show you. To ensure you’re getting a good picture of the range of loans on the market, look for a broker with access to a broad range of major lenders, as well as some smaller non-majors.
  • A transparent commission structure. You should also consider how the broker will be paid. mortgage brokers are generally remunerated for their work by the bank or lender that you choose to go with, so it shouldn’t cost you as the customer any more to use a mortgage broker than to approach a lender directly. However, how much they earn from successfully selling a loan could vary significantly between each lender, potentially creating a conflict of interest when recommending a product or lender. All mortgage brokers in Canberra must disclose any payments, bonuses or incentives they will receive from the lender in return for the sale, so it’s worthwhile asking them outright how much they’re set to earn so they can’t pull the wool over your eyes.
  • End-to-end service and support. Some brokers are very transactional in their approach, largely focusing on the loan upfront but providing very little additional support when needed. Property transactions can be very complex and if your broker isn’t willing or able to explain products, interest rates, loan structure, repayment options and the settlement process in detail, you may find yourself in hot water down the track when something doesn’t work as you anticipated. As the industry has evolved, many of the larger banks have become more selective about which brokers they choose to accredit, often focusing on their level of experience, support systems and capacity to deliver ongoing client support once the loan has settled, so if a broker has some major lenders on their panel, that can be a good indication of the level of service and support they provide.
  • Local and independent. It’s also a good idea to look for a local Canberra mortgage broker that operates independently, without any connections to a bank. It may come as a surprise, but a large number of brokerage firms that claim they are impartial are actually wholly or partly owned by a bank. By choosing a local and independent broker, not only will you be more likely to receive unbiased advice, but because they recruit, employ and train staff from the region, you’ll also be supporting a local business to make a positive contribution to the Canberra community and economy.
  • Reviews from previous customers. Finally, make sure you also do a little research to find out what previous customers had to say about their experience using the various mortgage brokers in Canberra. Mortgage brokers are essentially sales agents who want to win your business, so instead of blindly believing everything they tell you, take the time to read through some online reviews to see if you can get some valuable insights and a more balanced view of what to expect if you go with them.

The Canberra mortgage brokers according to you

To make it easier to find a good local mortgage broker to help with your home loan, we’ve compiled a list of some of the best Canberra mortgage brokers based on your feedback and other online reviews.

Clarity Home Loans

Clarity Home Loans

Located in Marcus Clarke Street in Canberra City, they’re locally and privately owned. Most importantly, unlike many others in the industry, their brokers don’t earn commissions. They pay their brokers a base salary, and any bonuses they can earn are largely based on compliance and customer satisfaction, meaning there’s no financial incentive for them to recommend one product over another. They also have access to a panel of more than 30 lenders including all the major banks.

They place a strong emphasis on service with company standards that ensure their brokers fully explain not only the home loan process, but the entire property transaction from start to finish including what’s involved from each party at each stage. They have great relationships with all Canberra conveyancers and can guide you through everything from applying for any grants or concessions, to preparing for settlement.

While they’re experienced in all facets of property finance, they’re particularly skilled in helping manage the transition between selling an existing property and buying the next property (which is arguably one of the most confusing property transactions to navigate). They’re also great if you’re looking to refinance or consolidate debts into a single loan.

They’re also well-equipped to help with investment loans (explaining everything from loan products and interest rates, to repayment options and potential tax benefits) and commercial property loans.

They’ve also received loads of positive online reviews, like this Google review from Adz HB: “…dealing with clarity has been amazing from the start, their attention to detail, communication, high level of industry knowledge and experience stood out at all times.”

Level 1, 54 Marcus Clarke Street
Canberra City ACT 2601

Fife Financial

Founded in 2010 by Directors Nick Fife and Michael Slater, you’ll find their Canberra office in Lathlain St in Belconnen, but they also have offices in Goulburn and Wagga Wagga. With more than 30 lenders on their panel including several major banks, they can show you hundreds of different loans and help you manage the process from your initial application through to approval and settlement.

In addition to home loans, they also provide conveyancing, financial planning, legal and insurance services, so are one of the few mortgage brokers in Canberra that can say they honestly provide end-to-end property and financial services.

As part of the Australian Finance Group (the largest mortgage broking group in Australia), they also have access to IT systems which allow them to manage much of the lodgement process online. They’re also participating members of the Credit Ombudsman Service (a dispute resolution service provided by ASIC), which gives you access to external support if you have an issue or complaint about their service or professionalism.

Previous customer Sally Friend had good things to say about them, commenting “Fantastic! Great help! Michael is top bloke!” in her Facebook review of them.

CASA Mortgage Services

Based in Forrest (in Canberra Avenue), they’re not limited to home and investment loans—they can also help with vehicle, equipment and personal loans. With access to hundreds of different loans, they can manage the whole process for you, including handling all the negotiations with your chosen lender.

They can show you loans for almost any type of property purchase whether you’re looking to buy, invest, renovate or review your current loan. They’ll do all the paperwork, manage the application process and take it through to approvals and settlement, allowing you to be relatively hands-off. If you’re strapped for time, their brokers can also arrange to meet you at a time and place that suits you to make the process easier.

They’re a great option for first home buyers, happy to explain everything from your borrowing capacity and repayment options, to eligibility and conditions for the first home buyer grant. They’re also able to offer plenty of tips and advice if you’re thinking of building a new house of building a new house or apartment.

Their brokers can explain the various benefits and drawbacks of every type of loan in depth and they take the time to discuss the other fees and costs of buying a property like stamp duty, legal/conveyancing fees, building and pest inspections, lender costs and mortgage insurance.

Rioter Mark_74 also gave them a good rap, commenting “I highly recommend Joel Defazio from Casa mortgage services. He got me a good rate on my home loan in a timely manner and kept me updated at all times.”

Who did you pick?

Thanks to our commenters who have provided insightful feedback on the best and worst Canberra mortgage brokers.

If you believe we have got it wrong, please let us know.

Please comment below detailing your experience with Canberra based mortgage brokers? Who would you recommend? Who would you use again? Who would you steer clear of?


What’s Your opinion?


Please login to post your comments, or connect with
19 Responses to
The Best Mortgage Brokers in Canberra 
Filter
Showing only Website comments
Order
Newest to Oldest
Oldest to Newst
Mitch Butler 9:46 pm 02 Nov 18

I used Michael Searle from Clarity Financial for the purchase of my property. Michael is a broker that can be trusted to negotiate the right deal for you. He explained everything and made the process easy to understand. Highly recommended to all.

vicees 8:03 pm 18 Oct 18

Contact Vijay Gakhar, Senior Mortgage Broker at Aussie on 0412248859 or email him at vijay.gakhar@aussie.com.au if you want honest advise for your home or commercial loan needs. His professional service is free with no obligations. He has 17 years of experience in Canberra and is able to help you with a purchase, refinance or construction from 100s of loans to choose from. He helped us navigate through a very difficult situation and dealt with all stake holders on our behalf.

tilleynove 5:12 pm 28 May 18

I do not recommend Home Loans Canberra. We did not trust them to sort out what was required for our application and as such, our settlement date was significantly delayed. We had to contact the banks directly to sort out the issues. Just do your research online and drop into the banks to figure out the best options for you.

Mark_74 10:23 pm 07 Apr 18

I highly recommend Joel Defazio from Casa mortgage services. He got me a good rate on my home loan in a timely manner and kept me updated at all times. His number is 0411 801 949

Julia CBR 12:27 pm 30 Oct 17

I recommend Estelle Whitby from Bendigo Bank. Estelle was able to come to me when it suited me. I have a great product and a great rate and its also nice to know Bendigo Bank is helping my Canberrra Community. Call Estelle 0401 520 397

Peter Smith 7:41 am 03 Sep 17

I used Shannon from Clarity Home Loans to refinance and restructure my loan and was very happy with the service I received.

Dru01 4:09 pm 25 Jul 17

I definitely recommend Erich Gruener of Mortgage Choice. As a first home buyer, he patiently answers our questions and explain things in simple english. He goes the extra mile and gave us advice even if it is outside normal office hours. We finally moved in to our first home this month 🙂 thanks to Erich

alexlee 3:42 pm 19 Oct 14

Jun at Smartline has been excellent, fast and responsive. Very patient at explaining, and structured my residential + investment loan very well.

http://www.smartline.com.au/consultantpages/jxu/home.html

Bosworth 12:49 pm 16 Jun 14

Steve Wakeling at Aussie

+1

74Daizies 11:29 am 16 Jun 14

We’ve bought three houses and used Ken at Trilogy. We followed him from his last broker. .. best guy ever.

Feng 7:29 pm 29 May 14

Nooooooooooo. Go with Trilogy or at least pay them a visit.. I just used them for my first investment property and they are a fantastic team. Tiffen and Co just aren’t as polished when I spoke to them and weren’t as switched on as Trilogy.

If you are first home buyer, I don’t think it matters as much. But if you are investing, Trilogy is the place.

Ask for David Thomas, he is the MD and takes new client. Very bright.

mandapanda 5:10 pm 29 May 14

Thanks everyone for your help, I’ve decided to go with tiffen&co so have an appointment next week!

allyroger 4:27 pm 29 May 14

+1 for Tiffen and Co – outstanding service and product knowledge from David Gawthrop 6260 7880

AmarooStu 12:45 pm 29 May 14

Sam Ayliffe, Director, Astute Finance. Well established business in Sydney and are now operating in Canberra. They are Brokers/Financial Planners and now have Real Estate and Property Mgmt in their portfolio. Sam is on 0414 976 865

farout 12:28 pm 29 May 14

I’ve had good service from Steve Wakeling at Aussie. It was a complex case – bridging finance, one property on the market, another about to commence renovations, and all in pushing the 80% LVR. Steve came back with a few options, organised valuations relatively quickly, etc.
By comparison, two other mortgage brokers I spoke to at the same time didn’t call back after hearing the details – presumable because it was too complex to deal with.

mmillercfp 12:00 pm 29 May 14

mmillercfp said :

…knows his mortgages and his always reliable.

Whoops, should read “is always reliable” not “his.”

DeadlySchnauzer 11:58 am 29 May 14

Avoid any mortgage broker that doesn’t charge an upfront fee. It means they work on commission with their providers and have an inherent conflict of interest between the best result for you versus the best commission for them.

Also the whole system is much more transparent these days, so you can just shop around online and find the best deal yourself. Mortgage brokers no longer hold any special sway with providers, and are unlikely to be able to get anything better than what you can find online.

The only reason I would use a mortgage broker is
a) You aren’t confident about what your borrowing limit is
b) Your are worried about finance being knocked back

mmillercfp 11:54 am 29 May 14

Pete Williams at Tiffen & Co has done my own personal mortgages and I also recommend him to look after clients. He’s a great guy, knows his mortgages and his always reliable.

Give him a call on his mobile 0412 332 736.

theword 11:33 am 29 May 14

I’ve used Eric Gruener from Mortgage Choice a couple of times and he was very good. http://www.mortgagechoice.com.au/john.osborne/team. Eric does also contact me regularly which I like.

My sister used Michael O’Reilly – can’t recall where he is from.

Related Articles

CBR Tweets

Sign up to our newsletter

Top
Copyright © 2018 Region Group Pty Ltd. All rights reserved.
the-riotact.com | aboutregional.com.au | b2bmagazine.com.au | thisiscanberra.com

Search across the site