Find an experienced mortgage broker who can help you find the right home loan to buy a property in Parramatta.
Located in western Sydney, approximately 23km from the Sydney CBD, Parramatta boasts a busy business and retail district. As one of four cities in the Sydney metropolitan area, Parramatta has a population of almost 20,000 people.
If you’d like to live or invest in this area of Sydney and you need a home loan to help you do so, an experienced mortgage broker can help.
Which brokers have offices in Parramatta?
- Smartline Personal Mortgage Advisers
- 1300 Home Loan
- Assured Lending Mortgage Brokers
- ARMI Finance
- Mortgage and Asset Management Group
- Two Red Shoes Mortgage Broker
- Citywide Lending Parramatta
- Sydney Home Loans
What will a typical mortgage cost in Parramatta?
If you wanted to purchase a house in Parramatta at the median price of $1,120,000, a 20% deposit would be $224,000. If you then borrowed the remaining $896,000 at 4.5% p.a. on a 30-year loan term, your monthly repayment amount will be $4,539.90 and the total cost of the loan would be $1,634,364.14.
How is a mortgage broker paid?
Mortgage brokers are paid commissions by lenders for generating new business. They receive an upfront commission when you take out a loan and a trailing commission each year based on the amount you still owe.
How does a mortgage broker work?
The first thing a mortgage broker will do is assess your income, your overall financial situation and how much money you want to borrow. They can then offer you a selection of suitable loans from their panel of lenders and help you choose the one that’s right for you.