The 10 Best Sydney Mortgage Brokers in 2024

Are you looking for a reliable mortgage broker in Sydney? We’ve looked into 50+ mortgage broker firms in Sydney and compiled the top ten.

The number of people buying homes in Australia is at an all-time high. Who can blame them? Australia is experiencing economic strength and prosperity, as well as an affordable housing market. Accordingly, finding the best mortgage brokers to help you find a mortgage with a great rate should be a priority.

What’s a Mortgage Broker and Why Do I Need One?

A mortgage broker is essentially someone within the finance industry that acts as a middleman. He mediates between you, the borrower, and the lender. They can negotiate the best deal for the loan of your house- whether it’s an investment property loan, personal loan, or home equity loan- on your behalf and operate separately from banks and lenders.

An independent mortgage broker will walk you through the different suitable loans available in the market and suggest the best options based on your finances. Moreover, they can also help you get your loan approved.

Owning a home is an incredible feeling, but the process of purchasing a home isn’t always quite as exciting. It can be complicated and frustrating, especially when it comes to finding a suitable home loan and mortgage for you. That’s why finding a good mortgage broker that has your best interests in mind can help you through the whole application process.

The 10 Best Sydney Mortgage Brokers

So with that said, here are the top Sydney mortgage brokers:

1. Ariston Capital

First on our list is Ariston Capital, a boutique finance advisory firm that has excellent tailored finance solutions for personal investors, business owners, first home buyers and Self Managed Super Funds across Australia, especially in Sydney and the NSW area.

Ariston Capital stands out when it comes to providing bespoke funding solutions. Apart from mortgage brokering, the firm also offers services such as business loans, vehicle finance (luxury cars, trucks, trailers), and property funding for new and experienced investors including Self Managed Super Fund structures. With over 25 years of experience in financial services, the firm’s founder Robert Anthony brings a wealth of knowledge in commercial & personal finance, property investment, and asset funding.

Ariston Capital’s team of experts are ultimately what make them the go-to mortgage brokers in Sydney. They provide personalised and flexible strategies to meet your unique needs.

They will give you access to a wide portfolio of lenders on their panel so they can structure the best possible finance option for you. Established to deliver exceptional results, Ariston Capital upholds integrity and a client-first approach. Their mission is to help clients achieve their financial goals with tailored solutions and industry-leading expertise.

Ariston Capital is also accredited by the FBAA. To learn more about their services or get a complimentary no obligation finance review, get in touch with them here.

Address: Level 57, 25 Martin PIace, Sydney NSW 2000

Website: aristoncapital.au

2. Bspoke Finance

Financial decisions are difficult to make at the best of times. These decisions are made even harder when you don’t know where and how to start the application process.

bspoke finance listen to understand your individual situation, so they can provide solutions and suitable loans tailored to you. They will educate, guide and support you to make the best financial decisions, not just today, but with your future financial goals in mind.

Specialising in not just mortgage broking services, but also asset finance, commercial lending and consolidation of any number of debts, bspoke finance believes there’s a solution for everyone and is always ready to offer you the right home loan you need.

The team has an extensive experience of lending from your traditional PAYG individuals to sole traders, company and trust entities, blemished credit history and even recently discharged bankrupts – bspoke finance are able to assist where other mortgage brokers may not be able to.

With over 20+ lenders on their panel, strong relationships with valued partners and a great understanding of the full lifecycle of the lending process, bspoke finance would love the opportunity to assist you with your home loan process and other financial needs.

Phone Number: 1300 386 630

Website: www.bspokefinance.com.au

Email: info@bspokefinance.com.au

3. Inovayt Finance

Inovayt is a financial services founded back in 2007. Created by Nick Reilly and Renee Kiley founded, the company has helped many clients with mortgage broking, wealth management, and an array of other financial services. Consequently, it has grown from a mortgage broking business to a leading financial services company around Australia.

Inovayt is also an award-winning mortgage broker and financial advisor business with honours such as the AFG Excellence Awards and The Advisor’s Top 25 Broker Awards for two years. The firm also holds the esteem of receiving The Advisor Australian Broking Awards and The Advisor Better Business Awards.

The firm can help you with all sorts of financing needs, including:

• A refinance home loan
• Purchasing as a first home buyer
• Buying your next home
• Paying your loan off sooner or property investment

The company holds a culture of creating relationships that last beyond a transaction. Inovayt values transparency, integrity, and honesty in all its dealings with clients. They also find ways to give back, partnering with organizations like Live for Lily Foundation, Trace and Carbon Landscapes.

If you’re looking for mortgage broker advice and services with a personalised touch, speak with Inovayts mortgage broker Sydney or mortgage broker Newcastle teams available to assist you servicing the entire state of New South Wales.

Address: 57 Kirby Rd, Aspley QLD 4034

Phone Number: 1300 354 355

Website: inovayt.com.au

4. Zanda Wealth

Zanda Wealth Mortgage Brokers had to feature on our list, and for good reason.

The business ranked extremely well in all our assessment categories. Their approval rates plus their customer services reviews and settlement timeframes all scored ten out of ten. From our interviews with the business, it was apparent they have genuine care for their clients, seeking to deliver the best mortgage broker services in the industry to the customer

Their unique team structure lets them to operate more efficiently and get the job done faster for their clients. Accordingly, they received the number one customer requirement rating in a recent broker satisfaction study. The company’s overarching theme is to deliver their clients to a better place than they were in before engaging with the business. Their care for their clients is apparent in every conversation and transaction.

If you want an outstanding mortgage broker with a down-to-earth, honest approach, look no further than Zanda Wealth Mortgage Brokers in Sydney.

Address: Level 13, 465 Victoria Avenue, Chatswood NSW 2067

Phone: (02) 7229 5610

Website: Zandawealth.com.au

5. Finspo

Finspo is an online mortgage broker helping people Australia-wide with all things home loans. Combining expert advice with a smooth digital experience, Finspo will help you feel good about your home loan moves.

Whether you’re buying or refinancing, it’s all about you. Your qualified (and friendly) broker will understand your unique situation, then help you choose ‘the one’ from 30+ lenders and 1000s of loans.

Plus, Finspo’s responsive team, application tracker and notifications will keep you in the loop – to settlement and beyond.

Address: Online & Australia-wide, located on Wurundjeri, Woi-wurrung Country (Abbotsford, Victoria)

Phone number: +61 3 9917 4238

Website: finspo.com.au

6. XIN Mortgage

XIN Mortgage is a top-tier mortgage brokering company that works with its clients to attain their dream homes. The company was recently awarded as one of the top twenty-five brokerages of 2021 by The Adviser and the gold winner award by the 2021 Australia Mortgage Awards.

What sets XIN Mortgage apart is its dedication and determination to helping its clients find the competitive rates on your home equity and instruments so they can get a home at the best deal possible. XIN covers a variety of services, including refinancing, debt consolidation, and many others. They work with NAB, ANZ, Commonwealth Bank, Bankwest, Suncorp, BOQ, Liberty, Resimac, Pepper Money, Firstmac, Liberty, and many more. All in all XIN Mortgage provides the highest level of customer service to its clients.

6. Sydney Brokers

Syndey Brokers gets a special nod for its expertise and exceptional customer service. They have access to over 2400 home loan products. Isn’t it great? They’re available to chat with you from Monday to Thursday, 8 am – 5 pm, and Fridays from 10 am – 3 pm.

When you meet with them, you’ll definitely want to ask about opening a self-managed, super-fund account. They offer investment loans if you are looking to buy properties, or if you need to increase the space of your home to accommodate your family, they can help you with that too.

Address: Level 24, Three International Towers 300 Barangaroo Ave, Barangaroo NSW 2000

Phone Number: 02 9160 7654

Website: sydneybrokers.net.au

7. SF Capital

SF Capital is another award-winning company that has bagged many honors. Among them are the Customer Service, Best Young Professional Award, and Loan Administrator Award by the Mortgage & Finance Association of Australia across multiple years.

SF Capital’s team of top-level mortgage brokers works tirelessly to make financing easy and simple for its clients, boasting a process that helps hundreds of clients across Sydney and the rest of New South Wales. Their team leverages its vast network of lenders to find the best available rate for your context.

If you need tools to calculate mortgage payments, rates, and so on, their website provides many free tools for you to use too!

Address: Suite 603, Level 6/350 Kent St, Sydney NSW 2000, Australia

Phone Number: 02 8004 1888

Website: sfcapital.com.au

8. Eden Emerald Mortgages

Eden Emerald Mortgage is another reliable mortgage broker in Sydney. They take pride in having a consistent commitment to delivering outstanding service for theyr clients. One of the great things about Eden Emerals is they can provide tailor-made loan products tailored to each client.

Eden Emerald Mortgage’s unwavering dedication to customer-centered solutions makes them a clear standout, landing them on number eight of our list.

Website: eemortgagebroker.com.au

9. Mortgage Broker Sydney

Mortgage Broker Sydney is another reliable option when you’re looking for suitable home loans in Sydney. They take the time to assess people’s needs and situation and use that information to find the best loan for you.

Their past clients also not that they’re experts at finding the best possible deal. The mortgage brokers deal with big banks and small lenders to find the loans with the lowest rates and best conditions that suit your credit and earning and spending patterns

Website: mortgagebrokersydney.com.au

10. Approved Finance

Approved Property Finance is the last entry to complete this top ten list. They’ve built a trusted name in the finance space across Australia. The Sydney mortgage brokers have successfully assisted hundreds of first home buyers and experienced investors with their portfolios.

Approved Finance has access to over 50 lenders. Still, they remain lender agnostic and always work with the option that fits your need best.

Website: approvedpropertyfinance.com.au

Your Guide to Finding the Right Broker

Why should you use a mortgage broker to finance your business or buy your first home? A great question. Letting a broker go through the process of buying that home for you will save you time and energy. Doing all the research work yourself will wear you out. Allow a broker to handle all the legwork and paperwork for you. Brokers know all the lender policies. If you have unusual circumstances, they know which lender to pair you with.

Variable Interest Loans

There are thousands of home loan products out there today, and more are still being added to the portfolio. Aside from using a broker, how can you tell which one is a good fit for you? The Australian Mortgage Snapshot Study from 2013 found that 83 percent of Australians choose their home loan provider based on interest rates.

What You Need to Know

A Variable Interest loan repayment will change. It tends to be the top pick for most people who love its lower interest rates and mortgage payments. But you may want to consider a few things before jumping on it, though.

Your new interest rate is tied to common indexes like the Prime rate, MTA, and LIBOR financial indexes. You may want to calculate it yourself before discussing it with your broker. Adding up the indexes to your broker’s margin will give you your new interest rate. Also, the loan margin differs from broker to broker. Consider dealing with a mortgage broker that has a low margin and offers lower interest loans.

How the Loan Works

This loan allows you to pay a fixed, stable interest rate for one to five years. At the end of your repayment year, the interest will change. Your new interest rate depends on the market at the end of your repayment period. Most people don’t know this only to be shocked when their payment starts to change.

If you have your house put up for sale, then you may want to go for this loan. Or are you into the real estate business? You would get help from the variable interest loan. Maybe you are looking to get a loan to start a company with a stable interest rate and consistent monthly payment, then you may want to jump on this loan too.

Refinancing 

Are you feeling overwhelmed with your home mortgage? If you’re struggling financially, why not consider refinancing? Focus on the bigger picture as you make changes to your home loan. Refinancing will lower your monthly payment slightly. It could save you a lot of time, energy, and ballooning payments if you agreed on a short-term variable interest rate loan with your broker.

Refinancing can roll that amount back into the loan and get you a fixed interest rate. You should find out if fees, or any legal documents, as well as possible prepayments, are tied to your refinancing package. Charges can pile up fast over time into thousands, or you might even get the fees waived.

Frequently Asked Questions (FAQs)

Is it worth using a mortgage broker in Australia?

In more ways than one, hiring a mortgage broker in Australia can be highly beneficial. Here are some reasons why you should work with a mortgage broker when looking for a suitable loan for you:

• Access to a Wide Range of Lenders — Mortgage brokers have access to a broad panel of lenders, including major banks, smaller lenders, and non-bank lenders. This can provide you with more options than you might find on your own.
• Expert Advice — Brokers are knowledgeable about the mortgage market and can provide expert advice tailored to your financial situation and needs. They can help you understand complex terms and conditions and find a loan that suits you best.
• Convenience — A broker handles much of the legwork involved in securing a mortgage, including gathering documentation, submitting applications, and negotiating with lenders. This can save you a significant amount of time and effort.
• Tailored Solutions — Brokers can offer personalised solutions based on your financial situation, credit history, and future plans. They can help find loans with features that are beneficial to you, such as offset accounts or flexible repayment options.
• Potential Cost Savings — Brokers may be able to negotiate better interest rates or loan terms than you could on your own. They also give insights on various lender fees and can help you avoid or minimise them.
• Support Throughout the Process — If you find a good broker (which you will with our above list), they will provide support and guidance throughout the entire mortgage process.

How much do mortgage brokers in Sydney cost?

The cost of hiring a mortgage broker in Sydney can vary depending on several factors, including the complexity of your loan, the broker’s experience, and the specific services they offer.

Most mortgage brokers earn a commission from the lender for bringing in new business. This commission is usually a percentage of the loan amount and can range from 0.3% to 0.7%. For example, on a AUD 500,000 loan, the commission might be between AUD 1,500 and AUD 3,500. This commission is usually paid by the lender and not directly by the borrower.

Some brokers also receive a trail commission, which is an ongoing payment from the lender as long as the loan remains active. This is typically a small percentage of the outstanding loan balance, paid monthly or annually.

Is it wise to buy a home in Sydney?

The Sydney property market has definitely skyrocketed over the years. And while a Sydney home isn’t as affordable as it once was, buying a house isn’t the worst idea. In fact, it can be a great decision for you in many cases. Some of those instances include:

Financial Readiness

If you have a stable income, good credit score, and enough savings for a down payment and other buying costs.

Market Research

If you ynderstand the current market conditions, trends, and forecasts for Sydney’s property market.

Long-Term Plans

If you plan to stay in the property and whether it aligns with your long-term goals.

Professional Advice

If you’ve consulted with real estate agents, financial advisors, and mortgage brokers to get professional insights and advice.

What deposit should I put in when buying a home in Sydney?

We recommend putting a deposit of at least 20% of the purchase price. If you can’t make that payment, you can still put down a smaller deposit. In most cases, this just means that a lenders mortgage insurance will apply.

Conclusion

Don’t waste time and money you don’t need to. Use a broker to get you into your new home faster! And if you’ve decided to use a mortgage broker to buy that country farm you’ve always wanted, don’t forget to ask the right questions like low interest-rate payments and low loan margin!