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Find a mortgage broker in Adelaide

Work with a mortgage broker in Adelaide to find out how much you can borrow to buy your dream home.

Looking for a mortgage broker in Adelaide? By working with an experienced, qualified broker, you can find out:

  • What your borrowing options are, based on your personal circumstances
  • Which lenders' policies suit your specific situation
  • What your borrow power is and how much you can likely borrow
  • What offers you might qualify for, such as cashback offers

How can I find a good broker in my area of Adelaide?

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 one 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

Finder survey: What would make Australians go direct to a lender rather than use a mortgage broker?

Response
I like to conduct my own research32.19%
I want to stick with my existing bank25.99%
Nothing - I would always use a mortgage broker22.48%
I don't trust mortgage brokers9.71%
I want another specific lender5.76%
Other3.87%
Source: Finder survey by Pure Profile of 1112 Australians, December 2023

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 $550,000 loan could generate a commission of $2,750 to $4,400. 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.

Learn how mortgage brokers are paid

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Publisher

Marc Terrano is a lead publisher and growth marketer at Finder. He has previously worked at Finder as a publisher for frequent flyer points and home loans, and as a writer, podcast host and content marketer. Marc has a Bachelor of Communications (Journalism) from the University of Technology Sydney. He’s passionate about creating honest and simple reviews and comparisons to help everyone get value for money. See full bio

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Co-written by

Head of editorial

As an authority on all things personal finance, Sarah Megginson is passionate about helping you save money and make money. She is an editor and money expert with 20 years’ experience and an extensive background in property and finance journalism. Sarah holds ASIC RG146-compliant Tier 1 Generic Knowledge certification, and she's a regular media commentator, appearing weekly on TV (Sunrise, Channel 7 news, Nine news), radio (KIIS FM, Triple M, 3AW, 2GB, 6PR) and in digital and print media. See full bio

Sarah's expertise
Sarah has written 187 Finder guides across topics including:
  • Home loans
  • Personal finance
  • Budgeting and money-saving tips
  • Managing the cost of living
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