How to select a great mortgage broker in Frankston

If you want to buy property in Frankston, a local mortgage broker can help you find the right home loan for your needs.Mortgage broker frankston feature 3

An outer suburb of Melbourne, Frankston sits at the top of the Mornington Peninsula. The surrounding area of Frankston City sits on the eastern shores of Port Phillip Bay and is home to more than 125,000 people.

If you’re looking to buy property in Frankston and you need to take out a loan to do so, finding a mortgage broker in the area is the best way to secure a home loan that’s perfect for you.

Which brokers operate in or have offices in Frankston?

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
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 in Frankston

  • Loan House
  • Select a Mortgage
  • Southside Finance
  • Harmony Home Loans
  • Money Man
  • Buyer’s Choice Home Loan Advisory Service

What will a typical mortgage cost in Frankston?

If you want to buy a house in Frankston at the median price of $521,000, a 20% deposit would be $104,200. Borrowing the remaining $416,800 of the purchase price at 4.5% p.a. on a 30-year loan term would result in a monthly repayment amount of $2,111.86. The total cost over the life of the loan would be $760,271.17.

How is a mortgage broker paid?

Most mortgage brokers are paid in commissions when they generate new business for lenders. There are two types of commissions they stand to receive: an upfront commission when you take out the loan, and a trailing commission every year there is still money owed on the loan.

Read our guide to how mortgage brokers are paid

How does a mortgage broker work?

The National Consumer Credit Protection Act (NCCP) details a mortgage broker’s duty of care to help borrowers find a home loan they can repay without enduring financial hardship. After meeting with you, a broker will assess your financial situation and provide you with a selection of home loan choices from a panel of lenders. Mortgage brokers also have a duty to disclose the details of any commission they will receive if you sign up for a loan.

Our guide to how mortgage brokers work

Was this content helpful to you? No  Yes

Related Posts

Ask an Expert

You are about to post a question on

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, read the PDS or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms and Conditions and Privacy Policy.
Ask a question
Go to site