How to select the right mortgage broker in Wollongong

If you’re purchasing property in Wollongong, contact a local mortgage broker who can help you start the process.Mortgage Brokers Wollongong

Located in the Illawarra region, Wollongong is 82km south of Sydney. With a population of approximately 292,190, Wollongong is the third largest city in New South Wales and the 10th largest city in Australia.

The name “Wollongong” translates to “seas of the south” in the local Indigenous language, which is representative of its geographic position on the coastal strip between the Illawarra Escarpment and the Pacific Ocean.

Buying property is a major financial decision, which is why it’s worth consulting a mortgage broker who can guide you through the process and ensure that you’re getting a competitive deal.

A mortgage broker can draw upon their local knowledge of the property market, help you determine your serviceability potential and recommend mortgage solutions that are suitable for your personal situation.

Wollongong mortgage brokers comparison

Rates last updated June 27th, 2017
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 20 lenders Enquire Now More info
Online Home Loans
Online Home Loans
Online Home Loans is a mortgage broker service designed to help Australian borrowers find the right home loan – and do it all online. Up to 24 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
iConnect
iConnect
iConnect has hundreds of loans available through more than 40 lenders in Australia to choose from to find the home loan that is right for you. 40+ lenders Enquire Now More info
Pepper Money
Pepper Money
Pepper specialises in providing fair home loans to those who are credit impaired - from small defaults all the way up to discharged bankruptcies. Credit impaired home loans Enquire Now More info

Other brokers

  • Illawarra Mortgage Brokers
  • Mortgage Success
  • Mortgage Choice Wollongong
  • Smartline Personal Advisers
  • Easyplan Financial Services
  • Mortgage Wisdom
  • Gateway Financial

What will a typical mortgage cost in Wollongong?

The median house price in Wollongong is $799,500 so you would need to budget $159,900 for a 20% deposit. If you took out a home loan for the balance of $639,600 at 4.5% interest over 30 years, your monthly repayment would be $3

How is a mortgage broker paid?

Mortgage brokers receive a commission from the lenders they work with. The most common commissions include an upfront commission and an ongoing or “trailing” commission, both of which are based on the product type and volume of the transaction.

Learn more about how mortgage brokers are paid

How does a mortgage broker work?

Mortgage brokers in Wollongong have extensive knowledge of the property market and can draw upon their panel of lenders to source a competitive mortgage product that suits your borrowing needs.

With an obligation to exercise duty of care, brokers are required to only recommend home loans that are suitable for your personal and financial situation.

Learn more about the broker-client process


Picture: Coalcliff, Jayphen, licensed under Creative Commons Attribution 2.0 Generic (image cropped)

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