With advice from an experienced mortgage broker, you can get the finance you need to buy property on the Sunshine Coast.
Located about 100km north of Brisbane, the "Sunny Coast" is home to an estimated population of almost 300,000 and stretches along the coastline for roughly 60km. It encompasses suburbs such as Maroochydore, Tewantin, Caloundra, Mooloolaba and Buderim.
If you want to purchase property on the Sunshine Coast, either to live in or as an investment, finding a mortgage broker could help you get the finance you need.
Which brokers have offices in Brisbane?
- Loan Market
- SPC Finance & Leasing
- Loan Wize
- Formula 1 Finance
- The Mortgage Connection
- Accomplish Finance
- Advantage Mortgages Australia
What will a typical mortgage cost on the Sunshine Coast?
If you bought a house in Maroochydore at the median price of $570,000, a 20% deposit would be $114,000. If you then borrowed the remaining $456,000 at an interest rate of 4.50% p.a. on a loan with a 30-year term, your monthly repayments would be $2,310.49. The total cost of the loan would be $831,774.60.
How is a mortgage broker paid?
When you apply for a home loan through a mortgage broker, the lender pays a commission to the broker for generating new business. The broker also receives a commission from the lender every year you still owe money on your loan.
How does a mortgage broker work?
Mortgage brokers have a duty of care to help you find a loan suitable for your financial situation and repayment capability. A professional broker will assess your income and your ongoing expenses, discuss the amount you wish to borrow and any loan features you desire, and then offer you a selection of loans provided by their panel of lenders.