With advice from a trusted local mortgage broker in Lismore, you can get a competitive home loan to buy a property.
Famous for its natural beauty, Lismore offers a relaxed and peaceful place to live for “tree changers”. With World Heritage national parks on its doorstep, a thriving cafe scene and an abundance of quaint villages nearby, this part of the Northern Rivers is home to almost 30,000 people.
If you’d like to buy a property in the area and you’re looking to borrow money to do so, seek help from an experienced local mortgage broker so you can find the home loan that that suits your situation.
Which brokers have offices in Lismore?
- Aussie Alstonville
- Mortgage Choice Lismore
- Money Matters
- Loan Market
What will a typical mortgage cost in Lismore?
If you wanted to buy a house in Lismore for the median price of $300,000, a 20% deposit would be $60,000. If you then borrowed the remaining balance of $270,000 at an interest rate of 4.5% p.a. on a 30-year loan, your monthly repayments would be $1,368.05 and the total cost of the loan would be $492,498.12.
How is a mortgage broker paid?
Mortgage brokers are paid a commission by lenders for sending new business their way. They receive an upfront commission when the loan is taken out, plus a trailing commission each year there is money still outstanding on your loan.
How does a mortgage broker work?
A mortgage broker will take the time to understand your financial situation and what you are looking for in a home loan. Once they know what you need from a lender, a broker can provide you with a selection of choices from their panel of lenders, helping you choose the one that best matches your requirements.