Enlist the services of a mortgage broker to access the finance you need to buy a property in Albury.
Located on the northern side of the Murray River, Albury is a major regional city in New South Wales that comprises 11 suburbs. Located 462km from Sydney, Albury offers several tourist attractions, including the wine region around the Rutherglen and water activities around Lake Hume.
If you’re thinking of purchasing real estate in Albury, contact a local mortgage broker to source a home loan that matches your borrowing needs.
Which brokers have offices in Albury?
- Intouch Finance Albury
- Mortgage Finance Solutions
- Finance Express Home Loans
- FinMart Finance Brokers
What will a typical mortgage cost in Albury?
With a median house price of $547,500, a 20% would be $109,500. If you then took out a loan for the remaining $438,000 at 4.5% interest over 30 years, your monthly repayments would be $2,129.28 and the total cost of the loan would be $798,941.40 including principal and interest.
If you decided to purchase a unit at the median price of $256,500, you’d need to budget $51,300 for a 20% deposit. If you borrowed the remaining balance of $205,200 at 4.5% interest over a 30-year period, your monthly repayments would be $1,039.72 on the total loan amount of $374,298.57.
How is a mortgage broker paid?
Mortgage brokers receive an upfront commission when the loan is taken out and a trailing commission over the life of the loan based on the remaining loan balance.
How does a mortgage broker work?
After assessing your income, your assets, your liabilities and your home loan needs, a mortgage broker can match you with a home loan that meets your borrowing requirements.