How to find the right mortgage broker in Bendigo

A good mortgage broker can help you find the right home loan to buy property in Bendigo.Mortgage Broker Bendigo Feature 2

The historic goldfields town of Bendigo has a lot to offer to homeowners and investors. As Australia’s fourth-largest inland city, it offers plenty of employment opportunities and access to shopping, dining and entertainment outlets. Bendigo also boasts a fascinating history, a thriving arts scene and easy access to large national parks.

If you’re looking to buy property in Bendigo, either to live in or as an investment, you’ll need to enlist the services of an experienced local mortgage broker to help you find the home loan that’s right for you.

Which brokers have offices in Bendigo?

Rates last updated May 21st, 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
Yellow Brick Road
Yellow Brick Road
Yellow Brick Road has over 40 lenders on their panel, as well as their own competitive home loans. 40+ lenders Enquire Now More info
Mortgage Choice Home Loans
Mortgage Choice Home Loans
Mortgage Choice is one of Australia's largest independent broker services. They have over 28 lenders on their panel, including the big four banks. 28+ 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

  • Smartline Personal Mortgage Advisers
  • Gadsden Finance
  • Mainland Finance
  • Integrity Finance
  • Bendigo Leasing and Finance

What will a typical mortgage cost in Bendigo?

As the median house price in Bendigo is $385,000, many lenders will require you to have a 20% deposit of $77,000 in order to take out a loan. If you then borrowed the remaining $308,000 at an interest rate of 4.5% p.a. on a 30-year loan term, your monthly repayments would be $1,560.59. The total cost to you over the life of the loan would be $561,812.67.

How is a mortgage broker paid?

Brokers get paid in commissions from lenders when they generate new business. Brokers receive an initial commission when a loan is taken out, plus a trailing commission that is calculated based on how much money is still owing on your loan each year.

Find out more about how mortgage brokers are paid

How does a mortgage broker work?

Under the National Consumer Credit Protection Act (NCCP), mortgage brokers have a duty of care to match you with a home loan that you will be capable of repaying without enduring financial hardship.

After assessing your financial situation and your borrowing needs, a mortgage broker can then offer you a selection of loans from a panel of lenders.

Check out our page on the broking process

Picture: The tulips are back by s13n1, licensed under Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic (image cropped)

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