Find the perfect home loan for your requirements with the help of a trusted local mortgage broker in Adelaide.
The cosmopolitan capital of South Australia, Adelaide combines a thriving cultural scene with acres of parkland and abundant coastal beauty. Known as the “City of Churches”, Adelaide was founded in 1836 and today is home to around 1.3 million people. It boasts pristine beaches, world-famous festivals and easy access to some of the best wine country in the world.
If you want to buy property for yourself or as an investment in Adelaide, consulting a local mortgage broker is an effective way to access the financing you need at a competitive rate.
Which brokers have offices in Adelaide?
- Loan Market
- Mortgage Choice
- Assured Home Loans
- Australian Mortgage Brokers
- Urbantech Finance
- AAA Mortgage Solutions
What will a typical mortgage cost in Adelaide?
CoreLogic puts the current median dwelling price in Adelaide at $432,000. If you saved a 20% deposit of $86,400, your home loan would be $354,600. If you took out a home loan at 4.50% interest, your monthly repayments would be $1,796.71. The total cost of the home loan over 30 years would be $646,814.20
How is a mortgage broker paid?
Mortgage brokers make their money on commissions from lenders for directing new customers to them. They receive an upfront commission when you sign up for a loan and a trailing commission each year you are still repaying your mortgage.
Read our page about the broking process for more information.
How does a mortgage broker work?
Mortgage brokers have a legal responsibility to ensure that they help you find a loan you can repay without putting yourself into financial difficulty. Once they have assessed your financial situation and your borrowing power, a broker will present you with a choice of appropriate loans offered by their panel of lenders.
Get more details on what a mortgage broker can do for you.