With help from a professional mortgage broker, you can find a competitive home loan to buy property in Bunbury.
The city of Bunbury is roughly 180km south of the Western Australia capital, Perth, and it’s the state’s third largest city. Seen as the hub of WA’s south-west region, Bunbury boasts spectacular coastal scenery, a relaxed lifestyle and all the shopping, dining and entertainment options you’d expect in a growing regional city.
If you’re looking for a mortgage broker to help you find the right home loan to buy property in Bunbury, compare a range of different brokerage services before selecting one.
Which brokers operate in or have offices in Bunbury?
- Loans West
- Homeloans Bunbury
- Beach Finance
- Correct Finance
What will a typical mortgage cost in Bunbury?
If you want to purchase a house in Bunbury at the median price of $447,500, in most cases you’d need to provide a 20% deposit of $89,500 in order to qualify for a loan. If you then borrowed the remaining $358,000 of the purchase price at an interest rate of 4.5% p.a. for 30 years, your monthly repayments would be $1,813.93. Over its 30-year term, the total cost of the loan would be $653,016.03
How is a mortgage broker paid?
A broker will receive an upfront commission when you take out the loan, plus a trailing commission each year there is still money outstanding on the loan.
Check out our guide on how mortgage brokers are paid to find out more about how brokers make money.
How does a mortgage broker work?
The National Consumer Credit Protection Act (NCCP) explains the duty of care mortgage brokers have to their clients. Brokers must act in your best interests and help you find a loan that you are financially capable of repaying. They must also disclose full details to you of any commission they may receive.
Upon meeting with you, a broker will assess your financial needs and borrowing situation and then provide you with a choice of several loans from a panel of lenders. Check out our guide to mortgage brokers for more information on how the broking process works.