Find an experienced mortgage broker with knowledge of the local real estate market to help you buy a property in Chatswood.
Located 10km north of the Sydney CBD, the thriving business district of Chatswood is home to several major companies. It also boasts two major shopping centres and several high-density residential apartment blocks, making it a popular spot for home buyers and investors.
However, like most real estate in Sydney, homes in Chatswood don’t come cheap, so you’ll need to find a professional, experienced mortgage broker who can give you the advice you need.
Which brokers have offices in Chatswood?
- Smartline Personal Mortgage Advisers
- Loan Market
- Mortgage Experts
- Australian Mortgage Alliance
- Premium Broker
What will a typical mortgage cost in Chatswood?
With the median price for a house in Chatswood at $2,435,000, a 20% deposit would be $487,000. If you borrow the remaining $1,948,000 needed to purchase your home at an interest rate of 4.5% p.a. on a 30-year loan, you would need to be able to make monthly repayments of $9,870.23. The total cost over the life of the loan would be $3,553,282.74.
How is a mortgage broker paid?
Most mortgage brokers earn a living on commissions from lenders for directing new business their way. Lenders pay brokers an upfront commission when the loan is taken out and a trailing commission each year, the amount of which is determined by the remaining loan balance.
How does a mortgage broker work?
Mortgage brokers use aggregators to access a panel of lenders, which means they can offer you loans from a wide range of financial institutions. After assessing your income, your assets, your liabilities and your home loan needs, a broker can match you with a mortgage that meets all your borrowing requirements.
In short, a broker acts in your best interests when it comes to finding a home loan that best suits your needs.
Picture: Chatswood and Artarmon from Forrestville, licensed under Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic (image cropped)