Find a mortgage broker in Sydney
Work with a mortgage broker in Sydney to find out how much you can borrow to buy your dream home.
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Looking for a mortgage broker in Sydney? By working with an experienced, qualified broker, you can find out the following:
- What your borrowing options are, based on your personal circumstances
- Which lenders' policies suit your specific situation
- How much you are potentially able to borrow
- What offers you might qualify for, such as cashback offers
After entering your details a mortgage broker from Aussie will call you. They will discuss your situation and help you find a suitable loan.
- A comparison of home loans from multiple lenders.
- Expert guidance through the entire application process.
- Free suburb and property reports.
The Adviser’s number 1 placed mortgage broker 8 years running (2013-2020)
How can I find a good broker in my area of Sydney?
You want to work with a mortgage broker who is a licensed professional and will guide you through the process of finding the most suitable loan for you. There are a few steps you can take to ensure your broker is right for you:
- Are they accredited? Check that your broker has an Australian Credit Licence or is an Australian Credit Representative. They are also required to be a member of either the Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA).
- Do they have a broad lending panel? Brokers can't compare loans from all lenders (there are hundreds of options, so it would be impossible to represent them all). But most will have a large range of different types of lenders. As a guide, you want at least 20 lenders to make sure you find the lender that best suits you.
- What level of service do they offer? The broker should do the hard work for you. But the more you know about the mortgage industry, the easier it is to know when your broker is really doing their best to help you.
- Is the broker experienced? Chances are your broker has an online presence and previous customers who have left reviews of their experience. Read up on your broker's experience and ask friends for referrals.
How does a mortgage broker work?
A mortgage broker can help you secure the financing you need to buy the property you want. After assessing your financial situation, a broker will present you with a choice of suitable loans from their panel of lenders. Brokers are especially useful for borrowers in complex or unusual situations who may find it difficult to get finance by approaching a bank directly.
Learn more about the mortgage broking process
How does a mortgage broker get paid?
Instead of receiving payments from borrowers, mortgage brokers are paid commissions from lenders when they attract new business for a lender. They receive an upfront commission when you take out a loan and a trailing commission every year that you still owe money on your mortgage.
This commission is usually around 0.5-0.8% of the loan amount upfront, so a $750,000 loan could generate a commission of $3,750 to $6,000. The bank covers this cost, and you get to benefit from the broker and their team of support staff doing all of the organising, support and follow-up along the way to organise your loan.
More guides on Finder
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Find a mortgage broker in Melbourne
Compare brokers in Melbourne and get started on your home loan application.
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Bank versus broker for a mortgage: Which is better for you?
Check out our guide on the differences between mortgage brokers and bank loan officers. See which one will suit your needs.
Ask an Expert
Investment property – first time I want help setting up Loan and tax benefits
Hi Jane,
I suggest talking to a mortgage broker to help with the loan structure. Please check our guide here: https://www.finder.com.au/mortgage-brokers. They can help you with the process and find a product that matches your financial needs and assist you with your application.
I hope this helps.
Kind regards,
Richard
I am receiving a single payment an a foster care payment .I am renting at the moment but would like to use the money I am paying on rent towards a home of my own as the rent increases each year .I also have a car loan an that payment could also go towards a home loan if it could be paid out
Hi Sandra,
Thanks for your question.
If you are receiving foster care allowances, kindly note that this is accepted as a form of income but you need to be receiving another source of income. Please read through our Centrelink loans to obtain more information.
Cheers,
Anndy