Find an experienced mortgage broker in Rockhampton who can give you the expert advice you need to find the perfect home loan.
Sitting on the Fitzroy River just 600km north of Brisbane, Rockhampton is home to more than 80,000 people. With a lovely climate that produces more than 300 days of sunshine each year, not to mention the natural beauty of the Capricorn Coast, Rockhampton has plenty to offer to anyone thinking of moving north.
If you’re looking to buy a house or unit in Rockhampton, you’ll need to find an experienced mortgage broker who can match you with the ideal home loan for your borrowing requirements. Here’s how to go about it.
Which brokers have offices in Rockhampton?
- Esdale Sinclair and Associates
- DLV Finance
- Finance First
- CQ Loan Centre
What will a typical mortgage cost in Rockhampton?
For the median house price in Rockhampton of $147,500, a 20% deposit will cost $29,500. If you borrowed the remaining $118,000 of the purchase price at 4.5% p.a. on a 30-year loan, your monthly repayments would be $597.89. The total cost to you over the life of the loan would be $215,239.92.
How is a mortgage broker paid?
The vast majority of brokers make their money on commissions they receive from lenders for generating new business. They receive an upfront commission when you first apply for a loan and a recurring or trailing commission every year that is based on the amount still owing on your loan.
How does a mortgage broker work?
The National Consumer Credit Protection Act (NCCP) sets out the roles and responsibilities for mortgage brokers in Australia, including their duty of care to ensure that you are paired with a loan that satisfies all your financial requirements. Your broker is also required to disclose any commissions they will receive for signing you up to a mortgage.