The simple guide to finding a mortgage broker in Pakenham

Buying a home in Pakenham? Here’s how to find a local mortgage broker who can provide the expert advice and assistance you need to get the right home loan.

With strong transport links to Melbourne, a number of local schools and a thriving retail centre, Pakenham is a popular choice for home buyers looking to find a base reasonably close to Melbourne without the high property prices.

If you’re looking to buy your own home or invest in property in Pakenham, there are plenty of options to choose from. You should consider enlisting a trusted mortgage broker to ensure that you get the financing you need at a rate you can afford.

Which brokers have offices in Pakenham?

Rates last updated June 25th, 2017
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 20 lenders Enquire Now More info
Online Home Loans
Online Home Loans
Online Home Loans is a mortgage broker service designed to help Australian borrowers find the right home loan – and do it all online. Up to 24 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
iConnect
iConnect
iConnect has hundreds of loans available through more than 40 lenders in Australia to choose from to find the home loan that is right for you. 40+ lenders Enquire Now More info
Pepper Money
Pepper Money
Pepper specialises in providing fair home loans to those who are credit impaired - from small defaults all the way up to discharged bankruptcies. Credit impaired home loans Enquire Now More info

Other brokers

  • Lending Mate
  • Robertson Wouters Finance
  • Smartline (Beaconsfield)
  • Loan Market (Cranbourne)

What will a typical mortgage cost in Pakenham?

The median house price in Pakenham is $420,000. A 20% deposit would be $84,000. If you can front up with this deposit and then borrow the remaining $336,000 at 4.5% p.a. over 30 years, you’ll need to make monthly repayments of $1,702.46. The total cost of the loan will be $612,886.55

How is a mortgage broker paid?

Many first-time borrowers are surprised to learn that you don’t have to pay fee to a mortgage broker in most cases. Instead, brokers make money by receiving commissions from lenders for connecting them with home loan applicants. Brokers receive an initial commission when the loan is taken out and a recurring commission based on the remaining loan balance each year.

Read more about how mortgage brokers are paid

How does a mortgage broker work?

Instead of approaching a lender and only being able to choose from the home loans that one lender offers, a mortgage broker gives you access to loans from a wide range of lenders, meaning you have more flexibility and choice when it comes to finding a mortgage.

The National Consumer Credit Protection Act (NCCP) stipulates that a mortgage broker has a duty of care to act in your best interests and pair you up with a mortgage that suits your financial needs. They must also inform you of any commission they stand to receive before recommending any mortgage product to you.

Read our page about how mortgage brokers work

Was this content helpful to you? No  Yes

Related Posts

Ask a Question

You are about to post a question on finder.com.au

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au 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

Disclaimer: At finder.com.au we provide factual information and general advice. Before you make any decision about a product read the Product Disclosure Statement and consider your own circumstances to decide whether it is appropriate for you.
Rates and fees mentioned in comments are correct at the time of publication.
By submitting this question you agree to the finder.com.au privacy policy, receive follow up emails related to finder.com.au and to create a user account where further replies to your questions will be sent.

Ask a question
feedback