Mortgage Brokers – Finding A Good One In Perth
Perth is the headquarters for the majority of Western Australia’s resource and financial sectors of business.
Because of this success, the housing market in Perth has seen quite a healthy recent history.
With both the bustle of a growing city and the natural beauty of the landscape, this is not only a great place to live but to work as well. Growing industry has attracted many to work in Perth and increasingly lower interest rates is also encouraging home ownership. If you too are thinking about making the move to Perth, you may be wondering where and how to find that dream mortgage broker. In this article, we will discuss some of the things you should be looking for in a Perth mortgage broker.
Do Your Research
Purchasing a home is no small task. It is likely the largest and most important loan you will ever maintain in your life. Making this decision is no easy task and should not be done hastily and without professional consult.
Understanding your options and the market are both vital and essential to making an informed decision. To help you along this process, often an educated and experienced mortgage broker can ease the burden of ingesting so much information at once. Before selecting a mortgage broker, some research must be done.
Start by finding a reputable, perhaps nationally recognized mortgage company. Typically these companies will recruit bright and accomplished brokers as team members and have connections into many different regions and expertise. Within that company, find a reputable broker that has specific knowledge of the area you are looking to buy. Having local knowledge can be vital to understanding potential good buys and potentially disastrous ones.
Having a broker that can answer questions before you think to ask them is also quite important. To that end, you should look to find a broker with experience in the type of purchase you are making; be it first-time home buy, vacation home or additional home. A broker that can easily answer all worries you may have will also be essential. Knowing what area would be best suited for you or your family, differences in interest rates, financial options that best suit your financial situation. All these worries and more are common and should be easily addressed by your mortgage broker to help alleviate some of the worry of buying a new home.
Loan Options
There are hundreds of loan options and lenders to choose from. The differences between variable, fixed rate, no deposit and various other options are impossible to keep up with if you are not a trained professional.
When deciding between a fixed and variable rate mortgage, discuss with your broker the advantages and disadvantages of each. Be sure to focus specifically on market trends and ask specifically for advice from the broker regarding the future of market trends. Market trends in particular will affect your choices between fixed and variable rate mortgages.
Before making any decisions regarding mortgage options, be sure to go over multiple bank offers with your broker. Apply for a mortgage with many banks and compare each offer between the multiple offers. Use the expertise of your broker to decide the best option for you and your financial needs.
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- Mortgage Brokers in Perth 6000 – Western Australia
- Perth Property Market
- Finding The Best Home Loan Rates
- Top Investment Property Suburbs in Perth
- Finding your Property
- Mortgage Brokers In Melbourne – Know The Lifestyle You Need
- Perth Real Estate: Popular Suburbs
- When Is It Time To Refinance Your Mortgage?
- Melbourne Home Loans – Essentials Things You Must Know Before Getting A Home Loan In Melbourne
- Perth Home Loan Market
Top Home Loans
| Home Loan | Details | Interest Rate (p.a.) | Comp Rate^ (p.a.) | App Fee / Ongoing Fee | Max LVR | Min & Max Borrowing | |
|---|---|---|---|---|---|---|---|
 Loans.com.au - Dream Catcher | A home loan offer with a $0 application fee and one of the lowest available home loan interest rates. | 5.85% | 6.21% | $0 / $375 | 80% | $50,000 / $750,000 |
 
|
 Bankwest Online Home Loan | A low interest rate home loan with a $0 application fee and ongoing maintenance fees. This offer is exclusively available by applying online. | 5.97% | 5.97% | $0 / $0 | 80% | $100,000 / $1,000,000 |
|
 Illawarra Home Loans Bank Beater Home Loan | A low variable rate, beaten down even further by 0.05% p.a. after 5 years. | 6.07% | 6.35% | $0 / $345 | 90% | $250,000 / $1,000,000 |
|
 State Custodians Mortgage Company Standard Variable Offset Loan | Awarded Mortgage of the Year 2012 – this multi-award winner features 100% offset and a loyalty 0.25% rate drop after 5 years. | 6.02% | 6.23% | $0 / $345 | 95% | $150,000 / $1,000,000 |
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