Get the right home loan for your needs with the help of an experienced Geelong mortgage broker
With a population of more than 180,000 people, the bustling port city of Geelong is the second largest city in Victoria. Situated on the shores of Corio Bay and the banks of the Barwon River, Geelong is 75km southwest of Melbourne and provides easy access to the state capital and a range of regional centres.
If you need finance to buy a property in Geelong, look for a trusted local mortgage broker in the area. He or she will be able to give you the advice you need to find the right home loan for you.
Which brokers have offices in Geelong?
- Cosimfree Home Loans
- Loan Market
- Geelong Finance Company
- Smartline Personal Mortgage Advisers
- Aussiewide Financial Services
- Konnect Financial Services
What will a typical mortgage cost in Geelong?
If you wanted to purchase a house in Geelong for the median price of $622,500, a 20% deposit would be $124,500. If you then borrowed the remaining $498,000 at 4.50% p.a. for 30 years, your monthly repayments would be $2,523.29 and the total cost of the loan would be $908,385.42.
How is a mortgage broker paid?
Most mortgage brokers make money on commissions from lenders for signing you up to a home loan. They receive an upfront commission when you apply and a trailing commission each year that you are still repaying the money you borrow.
How does a mortgage broker work?
A mortgage broker must assess your finances and your borrowing needs before matching you with the right home loan. A broker will present you with a choice of appropriate loans from their panel of lenders, and they must declare any commission they stand to receive to you before you apply for a loan.