If you’re borrowing money to buy property in Launceston, find an experienced local mortgage broker who can help you choose the best home loan for your needs.
From the scenery of Cataract Gorge to its myriad dining options, Launceston has plenty to offer to tourists and residents alike. As Tasmania’s second major city, Launceston is located at the junction of the North Esk and South Esk Rivers and is home to almost 75,000 people.
If you’re looking for a home loan to finance a property purchase in Launceston, approach a trusted local mortgage broker to ensure you find a loan that satisfies your borrowing needs.
Which brokers operate or have offices in Launceston?
- Mortgage Solutions Tasmania
- BFA Finance
- Peter Blackwell Financial Consulting Services
What will a typical mortgage cost in Launceston?
The median house price in Launceston is $416,000, so a 20% deposit would be $83,200. If you then borrowed the remaining purchase price of $332,800 at an interest rate of 4.5% p.a. on a 30-year loan term, your monthly repayments would be $1,686.25 and the total cost of the loan would be $607,049.54.
How is a mortgage broker paid?
Mortgage brokers receive an upfront commission when you apply for a loan and a trailing commission each year there is money owing on your mortgage.
How does a mortgage broker work?
Mortgage brokers have a responsibility to assess your financial situation and help you find the right loan. Once they have examined your income, your expenses and the amount you wish to borrow, you will be presented with a selection of loans from a panel of lenders.
Picture: Launceston harbour by Jes, licensed under Creative Commons Attribution-ShareAlike 2.0 Generic (image cropped)