Question 1

How many mortgage brokers are there in Oyster Bay?

Accepted Answer

There is 1 mortgage broker on BrokerScore based in Oyster Bay or serving the area, plus 66 more within 5 km.

Question 2

Who are the top rated mortgage brokers in Oyster Bay?

Accepted Answer

By BrokerScore, the top rated mortgage brokers in or near Oyster Bay are Insight Property Finance (6.7), Mortgage Choice Sutherland - Patrick Johnson (6.6) and Zenith Home Loans (6.6). BrokerScore is a rating out of 10 that reflects reviews and how well a mortgage broker looks after the people who contact them. Mortgage brokers can’t pay to change it.

Question 3

How much does a mortgage broker cost in Oyster Bay?

Accepted Answer

Most mortgage brokers in Oyster Bay don’t charge you for a standard home loan. They’re usually paid a commission by the lender once your loan settles. Some charge a fee for complex loans, so ask upfront. Every mortgage broker must give you a credit guide that explains how they’re paid and any fees.

Question 4

What’s the average mortgage repayment in Oyster Bay?

Accepted Answer

At the 2021 Census, the median mortgage repayment in Oyster Bay was $3,190 a month, and 50% of homes were owned with a mortgage. Interest rates and prices have changed since then, so a local mortgage broker can work out what repayments would look like for you today.

Question 5

What is the 5% Deposit Scheme price cap in Oyster Bay?

Accepted Answer

Oyster Bay falls under the $1,500,000 price cap that applies in Sydney and NSW regional centres. Under the Australian Government 5% Deposit Scheme, eligible first home buyers can buy up to this price with a 5% deposit and no lenders mortgage insurance. Some suburbs span more than one postcode, so confirm with a participating lender or mortgage broker.

Question 6

Should I use a mortgage broker or go straight to my bank?

Accepted Answer

A bank can only offer its own home loans. A mortgage broker compares loans from the lenders on their panel. They must act in your best interests, and they handle the paperwork through to settlement.

Question 7

How do I choose a mortgage broker in Oyster Bay?

Accepted Answer

Compare BrokerScores and read recent reviews, check they help with your situation (for example first home buyers, refinancing or self-employed borrowers) and see which lenders they work with. Ask how they’re paid and how many lenders they’ll compare for you. You can message any mortgage broker on this page for free.

Mortgage brokers in Oyster Bay

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