Get the financing you need to buy the home you want in Canberra with help from an experienced mortgage broker.
The national capital of Canberra combines all the features of a big city with relaxing, natural bushland surrounds. Known as "the bush capital", Canberra has a population of more than 380,000, making it the largest inland city in Australia. And even though it’s home to many politicians, it’s still a great place to live for singles, couples, families and the elderly.
If you’re in the market for a home loan to help you buy property in Canberra, a mortgage broker can offer the advice and expertise you need to find the perfect mortgage.
Which brokers have offices in Canberra?
- Loan Market
- Smartline Personal Mortgage Advisers
- The Home Loan Centre
- Beresfords Personal Wealth Management
- Trilogy Funding
- Oak Laurel
- Dominion Finance
What will a typical mortgage cost in Canberra?
The median house price in Canberra is $600,000, which means a 20% deposit would be $120,000. If you borrowed the remaining $480,000 at an interest rate of 4.50% for 30 years, your monthly repayments would be $2,432.09 and the total cost of the loan would be $875,552.22.
How is a mortgage broker paid?
Mortgage brokers receive commissions from lenders for generating new business. They are paid an initial commission when you first take out a loan and a trailing commission each year that you still owe money on your mortgage.
How does a mortgage broker work?
A mortgage broker has a legal duty of care to take all reasonable steps to match you with a loan you can afford to repay and that suits your requirements. After sitting down with you to discuss your financial situation and how much you would like to borrow, a broker can then present you with a choice of loans from their panel of lenders.