Buy the home of your dreams on the Gold Coast with help from an experienced local mortgage broker
The Gold Coast is the second most highly populated city in Queensland, and the sixth most populated in Australia. This coastal region is home to a number of suburbs, towns, rural districts, beaches and residential canals. As well as a popular holiday destination, it’s also a great place to live and is home to close to 600,000 people.
If you’d like to buy property on the Gold Coast, regardless of whether you want a high-rise apartment or a detached house, finding the right finance is essential. A trusted local mortgage broker can provide the advice and expertise you need to make your property purchase run as smoothly as possible.
Which brokers have offices on the Gold Coast?
- Mr Mortgage
- Mortgage Choice
- Loan Market
- XYZ Finance
- Ocean Home Loans
- Betta Choice Homeloans
- Adventurer Finance Solutions
- Allied Mortgage
What will a typical mortgage cost on the Gold Coast?
If you wanted to buy a house in Southport at the median house price of $530,000, a 20% deposit would be $160,000. Borrowing the remaining $370,000 at an interest rate of 4.50% p.a. on a 30-year term would lead to fortnightly repayments of $1,874.74 and a total cost of $674,904.83
How is a mortgage broker paid?
The majority of mortgage brokers are paid in commissions from lenders. They receive an upfront commission when you first apply for a mortgage, and a trailing commission each year there is still an amount outstanding on your loan.
How does a mortgage broker work?
A mortgage broker has a responsibility under Australian law to help you find a loan that you are able to repay without facing any financial hardship. After meeting with you and taking the time to assess your financial situation and the amount you wish to borrow, a broker can then present you with a choice of suitable loans from their panel of lenders.