Buying a home is exciting. That being said, a whole lot of planning is necessary to ensure everything runs smoothly.
Whether you’re a first-time home buyer or an investor with an established portfolio, a professional mortgage broker can help you secure the best possible home loan.
In this article, we’ll look at a few of the top brokers in the Canberra region, so you can save money now and in the long run. Let’s get straight to it.
What to Look for in a Reliable Home Loan Broker
Your home is one of the most significant investments you’ll make in your lifetime. Accordingly, it’s in your best interest to make every dollar count. Working with a top-quality broker can make the difference between years of financial stress and a life of financial freedom.
When deciding which broker to work with, keep an eye out for the following traits:
- A wide network of lenders. More often than not, brokers make their profit by securing a commission from the lender. While this means their services will cost you nothing out-of-pocket, it can mean your options are limited. Opt for a broker with a wide network of lenders, so you can secure the best possible home loan.
- Experience. Some of us have unique circumstances that can make securing a home loan a little tricky: for example, you might run your own business, or be retired. Experienced brokers can help you find an affordable loan suited to your individual needs.
- Honest. The best brokers are upfront and honest about what you can expect. They don’t promise you the world if they can’t deliver.
- A proven track record. Want the best home loan in Canberra? Opt for a mortgage broker with a proven track record of happy customers and inspiring case studies.
The top 3 Canberra home loan providers according to you
RiotACT’s editorial team has combed through 19 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 maintain a minimum average of 4/5 stars on both Google and Facebook reviews.
A popular alternative to mortgage brokers amongst RiotACT readers is using a Canberra Community Bank mobile lender.
Bryan Dacey is a popular Mobile Relationship Manager for Canberra Community Bank Group, which manages four Bendigo Community Bank branches in Canberra (Curtin, Calwell, Wanniassa and Jerrabomberra).
Bryan draws on 30 years of experience in finance to help his customers make financial decisions that are right for them. He can meet you anytime (even outside business hours), anywhere and will bring along any information/forms you need to save you a trip to the branch.
And because Canberra Community Bank Group return 80% of their profits to the Canberra community, you can be proud knowing your banking is having a positive impact on the lives of your fellow Canberrans.
If there’s one mortgage broker in Canberra that can help you navigate the complexities of finding and applying for a home loan, it’s Clarity Home Loans. Their experience, commitment, and extensive knowledge sets them apart from competitors.
One of the key benefits of working with Clarity Home Loans is their transparency. Their mortgage brokers are paid the same amount no matter which lender their client opts for. That means you can be 100% confident that your needs, wants, and goals are the top priority.
Clarity Home Loans maintains contact with both you and the lenders until the loan has settled… but it doesn’t end there. The friendly team works to build a long-term partnership with each and every client, to ensure all facets on the home-buying or investment process run smoothly.
With years of experience, unbeatable customer services, and a large choice of lenders, Clarity Home Loans is a safe choice. Hopefully this list will clarify any doubts or reservations you’ve been having. Let’s get right into it.
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 home loan providers.
If you believe we have got it wrong, please let us know.
Please comment below detailing your experience with Canberra based home loan providers? Who would you recommend? Who would you use again? Who would you steer clear of?