Choose a trusted local mortgage broker to help you find the right home loan to buy property in Perth.
With its Mediterranean climate, vibrant cultural scene and beautiful sandy beaches, Perth has plenty of attractive features to keep its residents happy all year round. Situated on the banks of the Swan River, the capital of Western Australia has an estimated population of more than two million people, making it the fourth-largest city in Australia.
If you want to buy a house, unit, apartment or duplex in Perth and you need to take out a home loan, seek out advice and assistance from an experienced mortgage broker. He or she will be able to help you find the perfect home loan.
Which brokers have offices in Perth?
- Loan Market
- Mortgage Choice
- Smartline Personal Mortgage Advisers
- Homeloans Perth
- The Mortgage Gallery
- 1300 Home Loan
What will a typical mortgage cost in Perth?
If you wanted to buy a house in Perth at the median dwelling price of $481,500, a 20% deposit would be $96,300. If you then took out a home loan to borrow the remaining $385,200 at 4.50% over 30 years, your monthly repayment amount would be $1,951.75 and the total cost would be $702,630.65.
How is a mortgage broker paid?
Mortgage brokers receive two types of commissions from lenders as a reward for generating new business. They receive an upfront commission when you apply for a home loan and a trailing commission based on the amount you still need to repay each year. However, they’ll need to pay some of this money back to the lender if you later decide to refinance elsewhere.
How does a mortgage broker work?
Mortgage brokers have a duty of care to help you find a loan that matches your requirements and that doesn’t exceed your financial capabilities. After examining your finances and your property purchase needs, a broker will help you select a mortgage from a range of loans offered by their panel of lenders.