Find a licensed mortgage broker with knowledge of the local real estate market to help you purchase a property in Mandurah
Situated 72km south of Perth, Mandurah is the second-largest city in Western Australia, which attracts a large number of domestic and international tourists each year. Renowned for its protected waterways, iconic beaches and wildlife, Mandurah has a population of around 83,294.
If you’re thinking of buying property in Mandurah, enlist the services of a qualified mortgage broker to ensure that you can access the finance you need.
Which brokers have offices in Mandurah?
- Smartline Personal Mortgage Advisers
- Peel Finance Brokers
- Mandurah Property Finance
- The Mortgage Gallery
What will a typical mortgage cost in Mandurah?
With a median house price of $297,000 in Mandurah, a 20% deposit will be $59,400. If you borrow the remaining $237,600 at an interest rate of 4.5% over a 30-year period, your monthly repayments would be $1,203.88 and the total cost of the loan would be $433,398.35.
How is a mortgage broker paid?
Mortgage brokers earn a living on commissions they receive from lenders for directing new business their way. Lenders pay brokers an upfront commission when the loan is taken out, as well as a trailing commission, 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.