Independent mortgage brokers in Sydney offering the best mortgage rates from over 40 lenders

Mint Equity is a highly recommended mortgage broker Sydney firm, winning multiple industry awards and gaining a reputation for building long lasting client relationships by providing proactive and responsive service and mortgage solutions. As an experienced Sydney mortgage broker, we remove the pain points for home and business owners sourcing mortgages and finance. In the Sydney market, buyers need to move quickly and it’s our experience and proactive approach that gives us the edge in being able to compare home loans for our clients to get them the best mortgage rates. Understanding the Sydney property market and the objectives of your financial situation means we’re able to provide our clients a mortgage comparison from over 40 lenders and guidance to help them select the right home loan products for the greatest chance of approval. When choosing the right mortgage broker in Sydney for your needs, it’s important that the mortgage broker has both extensive industry experience and knowledge of the Sydney property market so they are able to mitigate any potential concerns that the lender of property valuer raises.

Mortgage brokers in Sydney should be able to offer you everything Mint Equity provides for their clients;

  • Access to over 40 lenders with 100’s of home loan products.

  • Our services are free of charge.

  • Over 25 years banking and finance experience including home loans, investment loans, business loans, SMSF loans and car loans.

  • Appointments 7 days a week at a time that suits you and at your preferred location. We can also assist you without meeting face to face if you live outside of Sydney, interstate or overseas.

  • Relationship based service, we’ll look after you now and in the future not just for the loan processed.

  • We manage the entire home loan application and provide you with mortgage comparison, the best mortgage rates, ensuring you know all the bank’s fees and charges, correct loan repayments and ensure your selected features like redraw facilities and offset accounts are correctly linked to your home loans.

  • Phone, email and SMS updates throughout the home loan application process, so you know exactly what is going on.

  • We re-price your variable interest rate every six months to make sure the bank is always offering you the best interest rate. We let you know when your interest-only or fixed rate home loan is due to expire, so you have time to get a better deal.

  • We monitor the value of your property so you’ll know when there is equity available or when you can release the guarantors on your home loan.

  • We hold the highest level of mortgage broker qualifications. Credit Representative Number 460314 is authorised under Australian Credit Licence Number 389328.

Recommended mortgage broker in Sydney

Referrals and recommendations are the largest source of business to Mint Equity. Being a recommended mortgage broker in Sydney means we have the responsibility to deliver high service standards to ensure we look after our clients both in the short and long term. We pride ourselves on the 5 star reviews we receive and the constant recommendations we receive from existing clients. We know our clients are the best advocates of our services, and our relationship business model ensures no client feels as if they were just a loan processed. As independent mortgage brokers in Sydney, we chose not to rely on a franchise model to promote our brand. We created our own brand, ethos and business approach to provide our clients with an alternate option when they need a mortgage comparison. We offer a personalised service that isn’t restrictive like going directly to a bank, online lender or elitist city mortgage broker Sydney CBD.

Mortgage comparison

We take the stress out of the mortgage comparison process for our clients. With over 40 lenders and 100’s of products to choose from, selecting the right owner occupied or investment loan is made easy with our software that connects directly to the banks. Discussing the objectives of your financial situation both for the short and long term, enables us to get a clear picture of your needs to reduce fees and charges and lenders mortgage insurance (LMI) costs. As part of our free service, we’ll provide you with a full mortgage comparison detailing the best mortgage rates and comparison rates. We can also specify your actual repayments using a repayment calculator and take into account any extra repayments and final loan amount if utilising an offset account. When assessing your borrowing capacity and loan amount, we will explain how the bank calculates your ability to repay the loan and if required, advise how credit cards and their limits can increase or decrease your borrowing capacity.

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Best mortgage rates

It’s easy to assume that the best mortgage rates are the ones with the lowest interest rate, but that’s not always the case. In some cases, a ridiculously low interest rate can come with fees and charges and lender restrictions that make the product more expensive. Comparison rates show the true interest rate but often borrowers are won over by the advertised interest rate and don’t factor in the other elements that add to your loan repayments. Some lenders add margin to their rates by monthly fees and charges, fees for extra repayments, offset accounts and redraw facilities. This can be confusing when you are looking for the best mortgage rates, so we provide a full product comparison which includes all the hidden fees and charges so you can compare home loans accurately.

Mortgage brokers in Sydney

A mortgage broker in Sydney is key for anyone looking to buy or refinance a Sydney property, particularly in a property market that is changing dramatically in terms of value and demand. A mortgage broker is a qualified professional who negotiates on behalf of the borrower with banks, credit unions and other credit providers to arrange various types of loans and source the best mortgage rates. Mint Equity keeps up to date with lender’s interest rates, policy changes and credit requirements to provide our clients with options from over 40 lenders and 100’s of different products. We assess your financial circumstances, find a suitable loan and manage the application process as well as providing advice at every step. Some mortgage brokers only provide services for home loans, but our background in residential, commercial, business and SMSF loans means you deal with one person not multiple brokers or bankers for each different loan.

Buying in Sydney

The Sydney property market has changed significantly over the last two years, particularly in areas of the Sydney CBD, Western Suburbs and Northern Suburbs. Getting into the Sydney property market can be tricky but there are still opportunities in the outer suburbs of Sydney. Buyers should avoid suburbs where there is an oversupply of apartments as lenders consider these to be high-risk, particularly by the big 4 banks. High-risk suburbs may require deposits of up to 30% from borrowers, so it’s important to speak with a Sydney mortgage broker before starting your property search. Given Sydney’s higher property values, getting the lowest loan repayments and including additional features like an offset account or redraw facilities are important to ensure you minimise fees and charges but also, pay down the loan as quickly as possible.

Home loan calculator

One of the most confusing parts of securing a home loan is working out how much you can borrow and what the loan repayments will be. Working with a Sydney mortgage broker like Mint Equity removes the uncertainty as we give you the answers using our home loan calculator but also taking into account that every lender is different and they have their own home loan calculator which incorporate their own policy restrictions. This is why a generic online home loan calculator can give incorrect figures and working with an independent mortgage broker in Sydney is key to getting accurate information. When calculating your borrowing capacity and loan repayments, we make sure you have the capacity to repay the loan and that you don’t extend your borrowings beyond your budgets. There are many Sydney mortgage brokers available, so it’s important that you find a mortgage broker in Sydney that has strong ethics like Mint Equity does to ensure you don’t borrow more than you need.

Home loan product comparison

Once you know how much you can borrow, the next step is to compare home loans to find the best mortgage rates. With access to over 40 different lenders and 100’s of different home loans, Mint Equity’s system pulls data directly from the lenders to ensure we get the latest home loan products and comparison rates for you to choose from. Lenders generally update their interest rates weekly so staying on top of the latest interest rates can be challenging without the support of a mortgage broker to compare home loans, interest rates and the fees and charges associated. This is where Mint Equity takes the stress and confusion away from our clients. We provide you with a clear and consider product comparison which has the latest information and only shows you the products that suits your needs. We can even recalculate the loan repayments to show you how extra repayments and an offset account will affect your interest and speed to repay the loan.

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Sydney housing market

There has been so much talk about the Sydney property market over the last 18 months, it’s hard to keep up. One minute the market is down, the next it’s rebounding. No wonder people are confused. There is data to support the recovery of the Sydney housing market and values are starting to increase in certain areas, but there are still areas of Sydney where property values are lower than they where 2 years ago. Knowing how the property market is operating and which suburbs are showing lower values is expected of a Sydney mortgage broker. Ensuring that the bank valuation of the property stacks up against the purchase price or refinance amount is key to ensuring a home loan approval. This is where the services of a recommended mortgage broker in Sydney like Mint Equity is essential to meeting the objectives of your financial situation.
The Sydney property market has been on the decline since booming in mid-2017. However, house prices have dropped by 9.1% while units are down 7.1% over the past 12 months. The good news is that rate of decline is slowing for owners and investors with houses and units falling by a modest 0.4% this quarter, a good indication that they may be nearing the bottom. Contributing to the decline slowing is the current interest rates. Home loan interest rates are the lowest we’ve seen in a very long time, and this is driving buyers back to the market. We are now starting to see home loan interest rates below 3% and excellent 2 and 3 year fixed rate home loans.

How to minimise Lenders Mortgage Insurance (LMI) costs

The best way to reduce Lenders Mortgage Insurance is to increase the deposit amount you have or reduce the Loan to Value Ratio (LVR) on the home loan. Lenders Mortgage Insurance actually only protects the lender if you default on a home loan, even though it’s the borrower pays the insurance premium. Essentially, the higher the loan amount VS the property value, the more risk is associated with the borrowings. Therefore, if you are borrowing more than 80% of the property’s value, Lenders Mortgage Insurance will be required. Working with a recommended mortgage broker in Sydney like Mint Equity will ensure you utilise all the cost reduction tools available when calculating your loan amount, comparison rates and loan repayments to reduce the need for Lenders Mortgage Insurance.

Property valuations are key to application process and determine the LVR (Loan to Value Ratio) and how much LMI (Lenders Mortgage Insurance) is payable. Sydney mortgage brokers Mint Equity know the market and give buyers the confidence that if the property valuation comes in lower than expected, our team are ready with local knowledge to help mitigate any issues. Saving a 20% deposit can be difficult, especially if you are paying rent while trying to save. In some cases, paying Lenders Mortgage Insurance might be a good option as it allows people to get onto the property ladder sooner, rather than taking longer to save. Paying a Lenders Mortgage Insurance premium can enable you to borrow up to 95% of the home's value and there is the option to add the costs to the home loan so you don’t need to pay it in cash upfront. Even if you are refinancing to renovate or extend your property, or looking to purchase an investment property, Lenders Mortgage Insurance can be used to get your property projects moving sooner.

How credit cards affect your home loan approval

Some say that there is good debt and bad debt and credit cards definitely fall into the bad category when applying for a home loan. However, there are ways to ensure that your credit cards don’t cause more problems for you. Always pay your credit cards on time and every month. You can also reduce your credit card limits as the lender will take into account all credit you have, not just the home loan you are applying for. If you have multiple credit cards then you may need to consolidate them or close the account completely to ensure you meet the lender’s credit policies. Some lenders include a new credit card with the home loan application and they will also include that in their calculations. All these variations are why working with Mint Equity, Sydney mortgage brokers, to ensure you get the best mortgage comparison and home loan products.

Sydney Mortgage Broker, Zac Peteh - Mint Equity, director

Sydney Mortgage Broker, Zac Peteh - Mint Equity, director

How can our Sydney Mortgage Brokers help?

Mint Equity assist clients with residential, commercial, business, and SMSF lending. Our role as a recommended mortgage broker in Sydney is to work with clients to identify the most suitable mortgage and finance options from a portfolio of products from the big-four banks and multiple second-tier lenders to meet the objectives of your financial situation. We simplify the process for our clients, taking care of all the necessary administration tasks, which includes the paperwork, application process, and the final settlement. In a tight and fast-moving property market, you need to move quick. That’s where the Mint Equity team hit their stride. Finding a Sydney mortgage broker who not only knows all the ins-and-outs of home loans, but is responsive and proactive is beneficial as we can fast-track and streamline the application for our clients.

Frequently Asked Questions

How much does Mint Equity charge?

We don’t charge fees for our services as we are remunerated by the lender you choose once the loan reaches settlement.

What is Mint Equity’s credit license number?

Credit Representative Number 460314 is authorised under Australian Credit Licence Number 389328.

How can I make an appointment?

We can arrange appointments 7 days a week at a time that suits you and at your preferred location. You can call us on 02 4340 4847.

What locations does Mint Equity service?

Our head office is based on the Central Coast, however were able to service all parts of Australia and for clients living overseas.

Does Mint Equity have to meet with me?

If you’re overseas or not living in Sydney or the Central Coast, we are still able to help. The digital age has helped the finance industry a lot and with the use of phone, email, Skype and identification verification points (like banks and Australia Post), we’re able to provide our service to those outside of the Central Coast area.

What lenders does Mint Equity have access to?

We have access to over 40 lenders including the big 4 and 2nd tier lenders which provides us with 100’s of products to suit the needs of our clients.

What if I’ve already spoken to my bank about a new home loan?

If you’re not sure if your current bank is providing you with the best home loan option, give us a call. We can assess their offer and let you know if there is anything better out there from other lenders.

How quickly can I get my home loan pre-approved?

Depending on the lender you choose, in some cases we can get pre-approval within 24 hours. Many lenders have an auto approval system that enables us to turn around home loan pre-approvals very quickly. However, we would always recommend allowing up to 5 business days to ensure you have enough time to provide all the documentation we’ll need to submit your loan.

What if I’ve already exchanged contracts and don’t have finance approved?

Whilst it’s not ideal to exchange contracts before getting finance approved, we know some properties are hard to resist. In those cases we are able to prioritise and escalate your application through the lender. We have great relationships with our lender panel and can assist us to get urgent approval.