Looking to buy property on Sydney’s Northern Beaches? An experienced local mortgage broker can help you find the finance you need.
Renowned for its coastline, the Northern Beaches is home to some of the best beaches in Sydney. From the famous sands of Manly right up to the exclusive locale of Palm Beach, this spectacular region offers a relaxed coastal lifestyle and homes to suit a variety of budgets.
If you’d like to buy property on the Northern Beaches, either as an investment or to live in, finding the right home loan is crucial. With help from a trusted local mortgage broker, you can access the funds you need to buy a property.
Which brokers are available or have offices on the Northern Beaches?
- Mortgage Choice
- Loan Market
- Energise Home Loans
- Smartline Personal Mortgage Advisers
What will a typical mortgage cost on the Northern Beaches?
If you want to buy a house in Manly at the median price of $2,937,500, a 20% deposit will cost you $587,500 in order to take out a loan. If you then borrowed the remaining $2,350,000 at an interest rate of 4.5% on a 30-year loan, your monthly repayments would be $11,907.10 and the total cost of the loan would end up being $4,286,557.72.
How is a mortgage broker paid?
When they generate new business for a lender, mortgage brokers receive a commission. They are usually paid an upfront commission when you apply for a home loan, and a trailing commission based on how much is owing on the loan each year.
How does a mortgage broker work?
After examining your finances and your borrowing needs, a broker will help you choose a home loan from a panel of lenders.