Mortgage Brokers Cairns

How to find a great mortgage broker in Cairns

A mortgage broker can help you find the right home loan to purchase your dream property in Cairns.

With its tropical climate and proximity to the Great Barrier Reef, Cairns attracts tourists from all over the world. It’s also a great place to live, with the warm weather and relaxed vibe creating an enviable lifestyle.

But if you’re looking to buy a home in Cairns — be it your first home, your next home or an investment property — you might need the expert advice and local knowledge of a Cairns mortgage broker to help you get the financing you need.

Which brokers have offices in Cairns?

Rates last updated May 20th, 2018
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 22 lenders Enquire Now More info
Yellow Brick Road
Yellow Brick Road
Yellow Brick Road has over 40 lenders on their panel, as well as their own competitive home loans. 40+ lenders Enquire Now More info
Mortgage Choice Home Loans
Mortgage Choice Home Loans
Mortgage Choice is one of Australia's largest independent broker services. They have over 28 lenders on their panel, including the big four banks. 28+ lenders Enquire Now More info
Finsure has loan offers from over 35 lenders, including major brands, and will work to find a home loan that suits your property needs.
Over 35 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

Other brokers

  • Smartline Personal Mortgage Advisers
  • Loan Select
  • Choice Finance Cairns
  • NQ Lending
  • All Lending & Finance
  • Inline Home Loans
  • Smarter Mortgage Solutions

What will a typical mortgage cost in Cairns?

The median house price in Cairns is $420,000. If you were looking to take out a home loan to help you purchase a house at this price, a 20% deposit would be $84,000, and you would have to borrow $336,000 to finance your purchase. With a 30-year home loan at 4.50%, your monthly repayment would be $1,702.46 and the total cost of the home loan over the 30-year term would be $612,886.55.

How is a mortgage broker paid?

Most mortgage brokers will generally help you find a home loan at no charge. Instead of requesting payment from you, they usually make money by receiving a commission from a lender. The commission usually comprises two parts: an upfront commission when the loan is taken out, and a recurring or trailing commission based on the outstanding loan amount each year.

Find out more about how mortgage brokers are paid

How does a mortgage broker work?

A mortgage broker’s job is to match borrowers up with a home loan that meets all their needs. Acting as a go-between, a broker will assess your financial situation and borrowing needs to determine exactly what you need in a home loan. Then, using an aggregator to access a range of lenders, a broker will recommend suitable mortgage products from those lenders and then negotiate on your behalf to get a loan with a competitive rate and the features you want.

Find out more about the roles and responsibilities of a mortgage broker

Picture: Cairns Australia 11 Day, Wang-Hsin Pei, licensed under Creative Commons Attribution 4.0 Generic (image cropped)

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