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Find a mortgage broker in Ballarat

With help from a local mortgage broker, you can get the finance you need to buy your dream property in Ballarat.Mortgage Broker Ballarat Feature 2

The regional centre of Ballarat has a fascinating history that includes the gold rush days of the 1850s and the famous civil uprising at the Eureka Stockade. Today, Ballarat is a thriving regional centre just over 100km north-west of Melbourne. Its population of almost 97,000 people makes it the third most populous urban area in Victoria.

If you want to buy property in Ballarat, enlist the services of a local mortgage broker to help you find a loan that meets your needs.

Which brokers have offices in Ballarat?

Rates last updated June 23rd, 2018
Details Features
Aussie Home Loans
Aussie Home Loans
Aussie is one of Australia's leading financial service providers, having won The Adviser’s Top Mortgage Broker award for the last 3 years. They charge no appointment fees and can meet at a time and place which suits you.
Up to 22 lenders Enquire Now More info
Finsure has loan offers from over 35 lenders, including major brands, and will work to find a home loan that suits your property needs.
Over 35 lenders Enquire Now More info
eChoice Mortgage Brokers
eChoice Mortgage Brokers
When you do business with eChoice you will be given your own home loan manager to help you select a loan. 25 lenders Enquire Now More info

Other brokers

  • Mortgage Choice
  • Smartline Personal Mortgage Advisers
  • Freedom Home Loans
  • Mortgage House
  • Ballarat Finance Company
  • Reliable Mortgage Services

What will a typical mortgage cost in Ballarat?

To buy a house in Ballarat at the median price of $387,000, a 20% deposit would be $77,400. If you were to then borrow the remaining $309,600 at 4.5% p.a. on a 30-year term, your monthly repayment amount would be $1,568.70 and the total cost of the loan over its life would be $564,731.18.

How is a mortgage broker paid?

Rather than charging a fee to borrowers, mortgage brokers make money on commissions they receive from lenders for attracting new business. Lenders pay out an upfront commission when you apply for a loan, while a recurring commission is paid calculated on the amount outstanding on your loan each year.

Read more about mortgage brokers and commissions

How does a mortgage broker work?

Mortgage brokers work to find a mortgage that meets your home loan requirements. After assessing your income and your borrowing needs, a broker will present you with a choice of loans from a panel of lenders.

Read our guide on the broking process

Picture: Australia Day Peal by Ed Dunens, licensed under Creative Commons Attribution 2.0 Generic (image cropped)

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