Find an experienced mortgage broker to help you find the right home loan to buy property in Townsville
As a gateway to the World Heritage-listed Great Barrier Reef and located on the north-eastern coast of Queensland, Townsville attracts tourists from across Australia and the world.
Townsville is Australia’s largest urban centre north of the Sunshine Coast and with a tropical climate and an increasing cosmopolitan lifestyle, it’s a great place to live for many.
If you need a home loan to purchase a house, apartment or unit in Townsville, the best thing you can do is find an experienced mortgage broker.
Which brokers have offices in Townsville?
Other Townsville brokers
- Mortgage Choice Townsville
- Townsville Finance Brokers
- Loan Market
- All Finanz Solutions
- Heart Financial
- AAA+ Financial Solutions
- Green Light Home Loans
- Huggable Home Loans
- Money Stuff
How much will a mortgage cost in Townsville?
If you bought a house in Townsville at the median price of $337,000, a 20% deposit would be $67,400. If you borrowed the remaining $269,600 at 4.50% interest for a loan term of 30 years, your monthly repayments would be $1,366.02 and the total cost of the loan would be $491,768.49.
How is a mortgage broker paid?
Generally brokers receive an upfront commission when the loan is taken out and a recurring commission based on the outstanding loan amount each year.
Brokers also have to pay a clawback commission fee to the lender if you opt to refinance your home loan with another financial institution.
How does a mortgage broker work?
The first thing a mortgage broker will do is assess your financial situation and your home loan requirements. After taking these factors into account, a broker can then present you with a range of suitable mortgage choices, which they are able to access from a panel of lenders through an aggregator.
Picture: Riverway lagoons and Ross River View by jojo, licensed under Creative Commons Attribution-NonCommercial-ShareAlike 2.0 Generic (image cropped)