If you need to borrow money to buy property in Wagga Wagga, an experienced local mortgage broker can help you find the best home loan for you.
The largest inland city in NSW, Wagga Wagga sits on the banks of the Murrumbidgee River and is home to more than 55,000 people. Located almost halfway between Sydney and Melbourne, the Riverina city combines the facilities and amenities of a major centre with abundant opportunities for outdoor recreation.
If you’re looking to buy property in Wagga Wagga and you need to borrow money to make it happen, get help from a local mortgage broker. A broker can offer the advice and expertise you need to find the right home loan.
Which brokers operate or have offices in Wagga Wagga?
- Janette Tucker Finance Plus
- Tom Looney Finance
- Virtue Finance
What will a typical mortgage cost in Wagga Wagga?
The median house price in Wagga Wagga is $385,000. If you wanted to take out a home loan to purchase a property at this price, a 20% deposit would be $77,000. If you then borrowed the remaining $308,000 at an interest rate of 4.50% p.a. for 30 years, your monthly repayments would be $1,560.59. The total cost over the life of the loan would be $561,812.67.
How is a mortgage broker paid?
Mortgage brokers receive an upfront commission when you apply for a loan and a trailing commission every year there is still an amount outstanding on the loan.
How does a mortgage broker work?
The National Consumer Credit Protection Act (NCCP) details the duty of care brokers have to help you find a loan that is right for your needs and that you can repay without enduring financial hardship. They must also let you know about any commission they stand to receive if you apply for a loan.