Are you looking for the right mortgage to acquire a home or an investment property? Finding a mortgage broker in South Australia to match the best loan with your financial situation can be a slippery slope. But it’s far from impossible! That’s why we’ve put together this list of the best mortgage brokers in Adelaide.
If you’re looking for the most suitable home loan for a new home or unit for your property portfolio, you’re in luck. We’ve put together a list of brokers who close the most loans annually and hold stellar client reviews. This way, you land with a broker who knows the mortgage industry inside and out and has a track record of getting the right home loan for his or her clients.
There are a few other things you should consider, and we have listed them below. But first, let’s look at the best Adelaide mortgage brokers. Take a look.
1. Inovayt Finance
Inovayt is a financial services and mortgage broking management firm that has grown immensely over the years. From a mortgage broking business founded in 2007, it has now become to one of Australia’s most reputable and reliable financial services giants.
The company was founded by Nick Reilly and Renee Kiley for top-tier finance professionals. This mortgage broker and financial advisor company has received multiple honors in their time operating, including the following:
- AFG Excellence Awards
- The Advisor’s Top 25 Broker Awards for two years straight
- The Advisor Australian Broking Awards
- The Advisor Better Business Awards.
Inovayt’s mortgage brokers are some of the best in Adelaide, providing clients with world-class support, insight, and service that exceeds clients’ expectations.
Inovayt can help you with many of your mortgage needs. Some of the things they do include property investment loans, refinancing home loans, first home buyer purchases, buying another home, or paying a loan off early. The firm focuses on making each transaction as simple as possible. They can provide these services online, via phone or in person.
As a way of giving back, the firm has partnered with the Live for Lily Foundation. The company frequently donates with every home loan application, helping the cause curing cancer among children. They are also a climate-positive business that has built collaborative relationships with Trace and Carbon Landscapes.
If you’re looking for expert advice (with a personalised touch!), you can call or reach out to Inovayt to speak with the mortgage broker Adelaide team.
Phone Number: 1300 354 355
Website: inovayt.com.au
2. Zanda Wealth Mortgage Brokers
There was never any doubt that Zanda Wealth Mortgage Brokers would feature in our top 10 list of Adelaide brokers. A few of the staff here have personally used their mortgage broking services and were very impressed. Zanda Wealth does all things that mortgage brokers do- and they do it bloody well!
The company has a unique team structure that helps them to manoeuvre more efficiently than other brokers. This differentiates them from other firms and ultimately speeds up the process for their clients, a factor that’s seen as the number one customer requirement in broker satisfaction studies.
The business has excellent online reviews and ranked extremely well in all our assessment categories such as approval rates, customer services, and settlement timeframes. From our interviews with the business, it was apparent they have a genuine care for their clients, seeking to deliver the best mortgage broker services in the industry to the customer.
Everyone needs a good mortgage broker to find loans with the best interest rates; if you want an exemplary home loan broker with a down-to-earth, honest approach, get in touch with Zanda Wealth Mortgage Brokers. They have been making a significant space for themselves in the field – and with good reason.
Address: 44 Fullarton Road, Norwood SA 5067
Phone: (08) 82231367
Website: Zandawealth.com.au
3. Samuel Finance
Samuel Finance is one of the most prominent award-winning mortgage brokers in Adelaide and in the country. The mortgage brokerage firm is one that stands for top-level professionalism. It has won multiple awards too over the years. He can find the right loan that will fit you and your family’s needs best.
Samuel Finance takes into consideration each client’s individual needs and contexts. They will assist you in all aspects of finance including corporate commercial, asset finance, agribusiness, and home loans. To learn more about the firm’s services, visit its website. It’s the one linked above.
Address: 144 South Tce, Adelaide SA 5000, Australia
Phone Number: (01) 300 892 383
Website: samuelfinance.com.au
4. Finspo
Finspo is an online mortgage broker that serves all of Australia, including aspiring and existing homeowners in Adelaide. They deal with all things related to home loans, combining expert mortgage and financing advice with a smooth digital experience. This gives their clients both convenience and excellence.
Through this service, you can connect with a qualified broker who will understand your unique situation and provide top-notch client service. Your broker will then help you choose ‘the one’ from 30+ lenders and 1000s of loans. In many ways, Finspo hopes to help more Australians help you feel good about their home loan moves. So if you’re buying or refinancing, Finspo can help you out.
Finspo’s responsive team, application tracker, and notifications will keep you in the loop – to settlement and beyond. Visit Finspo’s website today to learn more or get in touch with a broker.
Address: Online & Australia-wide, located on Wurundjeri, Woi-wurrung Country (Abbotsford, Victoria)
Phone number: +61 3 9917 4238
Website: finspo.com.au
5. Lendium
Yet another leading mortgage broker in Adelaide, Lendium offers reliable and effective services. Daniel Renella will assist you in finding financial solutions. She specialises in finding the right solution for clients looking for home loans, business loans, asset finance, first home purchase, investment property, refinancing and reverse mortgages.
Use the contact information below to reach Daniel Renella. He will give you a free lending review.
Address: PO Box 145
Phone Number: (04) 00 556 633
Website: lendium.net.au
6. Adelaide Commercial Finance
Adelaide Commercial Finance is your one-stop shop for all mortgage-related matters. It is a leading and credible brokerage firm with consistently good client feedback. Consider it if you’re looking for a mortgage broker in Adelaide.
Address: Suite 307, Level 3/97 Pirie St, Adelaide SA 5000, Australia
Phone Number: (01) 300 447 026
Website: adelaidecommercialfinance.com.au
7. Mortgage Choice- Michael Papapetros
Michael Papaetros from Mortgage Choice knows the ins and outs of Adelaide’s lending industry. He is a well-respected mortgage broker in South Australia and knows the property market relatively well. Client reviews back this claim. Consider him if you’re looking for a mortgage broker.
To learn more about his services visit the website linked above.
Address: More than 10 Locations in Adelaide
Phone Number: (08) 8178 0700
Website: mortgagechoice.com.au
8. MoneyQuest
MoneyQuest in Brighton offers services for the first home buyer, for those who want to consolidate debt as well as investment loans. Consider their mortgage brokerage services. They are a reliable firm.
Ask for Maryann Giancaspro.
Address: Brighton (SA)
Phone Number: (01) 300 886 100
Website: moneyquest.com.au
9. Andrew Scott- Loan Market Mortgage Broker
Andrew Scott cares about his client’s wellbeing and is not self-seeking. Consider him for your next mortgage broker in Adelaide.
Address: 32 Halifax Street Adelaide, South Australia 5000
Phone Number: (04) 14 555 476
Website: www.loanmarket.com.au
10. Centra Money
If you’re looking for a mortgage broker that’ll give your personalised service, that has access to numerous lenders and that is respected in the lending community, consider Cetra Money. They won’t disappoint.
Address: Level 12/431-439 King William St, Adelaide SA 5000, Australia
Phone Number: (08) 8211 7180
Website: centramoney.com.au
Screening Good Mortgage Broker Candidates
While making a good choice for a mortgage broker is far from easy, you can make it easier just by knowing what to ask. Remember, when you know what you’re looking for, you have a better chance of actually finding it.
First off, you’ll want to know if a mortgage broker has a credit license or is operating under another company’s or broker’s license and if they are a member of a professional association such as the FBAA or MFAA.
Also, how far and wide is their industry experience? If they’re experienced, which lenders are they working with most often? Check if they have lender accreditations and read customer reviews, but stick to popular websites for credibility. Look up if they’ve earned any industry awards or recognitions too.
And you’ll want to know what type or type of clients they typically work with. As mentioned, brokers tend to specialize in certain areas, so you’ll want to hire one whose expertise matches your needs.
Choosing a Broker for Your First Home Purchase
While your first home in Adelaide is probably the most exciting property you’ll ever buy, it can be equally stressful or even intimidating. And it can be tough to choose when you have so many housing choices. On top of that, there’s the more complex part of sorting through different lender policies as well.
In any case, the right mortgage broker will know that this isn’t going to be a simple process for you, and can offer you their help as you go along. Communication is crucial all throughout the application process, but there are other things to look into as well.
Begin by asking how many first-time homebuyers they’ve worked with and whether they actually focus on this niche in the industry. Ask them to orient you on common issues for people in your shoes and give you advice on how to handle them. For example, will they help you get an FHOG (First Home Owner Grant) or stamp duty concessions?
What pre- and post-mortgage approval tips can they offer? How about free property valuations?
If you buy a home in Adelaide, and even in NSW and the rest of Australia, getting a home loan is not the ultimate goal for homeowners. Once your pre-approval has been granted, you might find that some brokers won’t give you as much help and guidance you need.
Of course, with a professional broker, you can expect quality service, which includes submitting vital reports on the property and the suburb where it’s located and expert advice such as conveyancer recommendations and a free upfront valuation.
Choosing a Broker as an Investor
Investors naturally have varied goals, and you’ll want a home loan broker whose experience can match that. In other words, they are most concerned about your results.
If you’re an investor, there is a unique set of questions you should ask your potential broker to know whether or not they are right for you. Ask how many investment properties they’ve purchased and what investment strategies they can give their clients.
Suppose you meet someone who offers you new properties or off-the-plan investments; back off. Let them tell you about the more significant risks confronted by property investors and see if they work with any buyer’s agents.
Signs of a Good Broker
If you read around or talk to more experienced home buyers, you’ll find that there are many things that define a good broker. Below is a summary, and it won’t be long before you see the benefits of going through them one by one. A good mortgage broker is someone who does the following:
- Take time to know and understand your needs and requirements, including your financial goals, as well as your ability to pay off different loans from different lenders
- Can identify credit issues you may run into
- Recommend home loan options and lenders who are likely to finance you, or pinpoints changes that may be necessary to increase your chances of approval
- Explain why they have made such recommendations
- Discuss in detail how every option works and the costs involved
- Process all transactions related to your home purchase, from loan application to settlement
- Find ways to keep your home loan competitive throughout its lifespan
- Make sure they address all your questions and concerns in a timely manner
In the end, it’s easy to see that it’s not all about the broker or the company, but the systems they operate around.
One red flag to look for when assessing candidates is if you feel they are overestimating your ability to afford a loan. If they make assumptions or take shortcuts in processing your application, be careful.
On the other hand, a good broker will always spend as much time as needed to prepare your documents carefully and will never lead you down a path that’s clearly not viable for you, no matter how attractive it is.
Conclusion
Finally, it’s never smart to bring a mortgage broker on board without considering at least two or three others. Comparing different professionals is the only way of knowing you’re actually getting a mortgage broker with your best interests at heart.
In fact, a well-informed mortgage broker choice can save you from many years of financial trouble. So there’s no need to rush. Have a few options to weigh before deciding which mortgage broker in Adelaide is right for you.
