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North and North East Suburbs Mortgage Brokers – South Australia

Posted September 7th, 2010 and last modified February 10th, 2011

Suburbs north and north east of Adelaide, the capital city of South Australia, include Prospect, Kilburn, Fitzroy and Medindie. Prospect is a middle to upper class suburb bounded by Main North Road to its east, Carter Street and Audley Avenue and Avenue Road to its south, the Gawler railway boarders the west and a line 400 metres north of Regency Road the north. It features many Victorian homes, some very stately 19th century mansions, that make it an attractive suburb to live in, especially for those wanting to live close to the city centre without the hustle and bustle of North Adelaide and the CBD itself.

Featured North and North East Suburbs Mortgage Brokers

Despite Prospect becoming more desirable among home buyers it is still regarded as being affordable as the average price for a three bedroom, two bathroom house, in 2006, was fetching $575,000. Prices are continuing to increase however due to demand and apartment accommodation is somewhat limited. This makes it an ideal place for property investors to investigate regarding properties that can be developed for unit accommodation in the near future. With this in mind you should first talk to mortgage brokers who are experienced in the field of arranging suitable home loans. In this way you can find out how much you could obtain to either begin or extend your property portfolio in a wealth making venture.

The most expensive streets in Prospect are Clifton Street where the median price was $745,000, Carter Street $720,000 and Barker Street where some home owners are getting more that $2 million. The nearby suburb of Medindie has an average property value exceeding $1.5 million making it the most expensive Adelaide suburb after College Park. In the centre of Medindie you will locate ‘Denham Manor’ consisting of 11 bedrooms and nine bathrooms. Kilburn is a short drive from the city centre and is well serviced with public transport, both bus and rail. Nearby Fitzroy is basically a residential suburb only that overlooks the North Adelaide park lands. It also has its fair share of stately mansions dating from the 19th century that dominate its leafy tree lined streets.

Sizable mortgages needed here in this part of Adelaide

To be able to purchase a home in this area of Adelaide most people will need to be able to secure a sizeable mortgage and the secret in doing this is to engage the services of mortgage brokers who know the home loan industry like the ‘back of their hands’.

Mortgage brokers act very much the same as do bank loans officers except that in the case of mortgage brokers they represent the hundreds of home loan products being offered to the public by dozens of lenders, whereas a bank loans officer only has the one bank’s products to choose from. Mortgage brokers therefore have good professional relationships with the many lenders on their panel of lenders to whom they have received accreditation.

Mortgage brokers save you the time and trouble of having to go from lender to lender trying to sort out the good home loans from the not so good and having to choose one that best suits your own particular circumstances. Without the help of mortgage brokers you may well search for hours each day and then still not come up with the right home loan for your specific needs. Many people suffering mortgage stress today have gone it alone in the past only to find out, when it became too late, that the exit fee that has to be paid in order to escape from their inflexible mortgage is too prohibitive to contemplate the necessary changes being made.

Good mortgage brokers do not charge for the services they provide

The professional service you receive from mortgage brokers will be given at no cost to you, the borrower. Mortgage brokers earn their incomes from commissions paid to them by the lenders to whom they recommend the financing of their client’s home loan. Lenders believe this payment is worth their while as it saves them from employing salespeople out in the field. They also know that any application coming to them from a mortgage broker will be professionally presented with all the required supporting documentation attached. Different lenders insist on different application criteria having to be followed and mortgage brokers are fully aware of their differing requirements.

A mortgage broker’s job is one of the utmost integrity and professionalism. They will take your financial information down and work with the financial institutions they have on their panel of lenders until the most suitable home loan is located. This saves you having to call on each individual lender yourself, all trying hard to show their product in the best possible light but not necessarily telling of what is contained in the small print. Mortgage brokers know all about the small print as well as any hidden fees and charges and are therefore well placed to be able to make a choice based on their knowledge of the industry and its various products.


Related posts:

  1. South and South East Suburbs Mortgage Brokers – South Australia
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  3. North Shore – Upper Mortgage Brokers – New South Wales
  4. North East Mortgage Brokers – Victoria
  5. Mid North Mortgage Brokers – South Australia
  6. Western and Beachside Suburbs Mortgage Brokers – South Australia
  7. Far North Mortgage Brokers – South Australia
  8. North East Mortgage Brokers – Tasmania
  9. Best Melbourne Suburbs for Property Investment
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