The 5 Best Mortgage Brokers in Adelaide

Aussie Home Loans was founded in 1982. They are a known name in the Australian mortgage market because of their abundant connections with banks. 

With more than 30 years of experience, they have handled loans and mortgages for over a million Australians. 

“Customer first” is their philosophy, making them excellent for first-time lenders. To apply this, they make sure to use simple and user-friendly terms when communicating with you. 

You will be glad to hear that they have one of the largest teams on this list. They house over 1,000 brokers, making your options abundant. 

They are Adelaide-based too, which makes face-to-face consultations easier. 

In addition, the company was awarded as The Adviser’s Top Brokerage for the ninth time in 2021.

With them, you can get access to more than 20 industry-leading lenders. These include ING, HSBC, Liberty, and ANZ. 

Many clients said that their experience with their brokers was straightforward and simple. They made sure to thoroughly study the client’s budget and needs. 

Speaking of simplicity, their website has a design that’s streamlined. Booking a consultation, reading mortgage FAQs, and more are easy here. 

We mostly like the company, but a possible downside you may encounter is that not all of their brokers have access to all of the lenders the company is connected with. 

Palm Tree Finance has been in the industry for almost a decade. Even at this younger age, they’ve created a network with over 30 lenders, which gives clients more options. 

Their representatives are notable for being adept at contacting multiple parties. This includes your real estate agent, conveyancer, and lender. 

Their great negotiation skills can be seen through how they keep calls with the involved teams short yet end with a deal that satisfies your budget and specific needs. 

From what we’ve seen, they make sure to look for the most affordable choices for you. They’re also thorough in explaining contracts and possible loopholes, which we appreciate. 

Their representatives are responsive and communicative. We were able to see this in all communication platforms, may it be phone, SMS, email, or Skype. 

In addition, they respond quickly to you when you apply for a free quote through their website. 

The lenders they are in contact with are reputable, including Virgin Money, AFM, ANZ, Paramount, and St. George.

Paul Lu, their primary mortgage broker, is notable for his high level of knowledge in insurance, financial planning, and business strategies. Many clients praise him for his well-rounded advice.

You will also find your mortgage processed quickly. A client even said that they were able to process their house loan application within less than two months. 

While they provide exceptional services, a downside is that their staff is quite small. Because of this, be sure to book a consultation quickly. 

Compared to other companies, their list of offered services is also more limited. 

Mayfair Finance Brokers is one of the most awarded mortgage broker companies on this list. 

This includes the titles “Best Finance Broker,” “Best Customer Service,” and “Mentor of the Year” from The Adviser. 

It helps that they have more than 25 years of experience, making them trusted by many banks. 

You will also have access to many options, as they are connected to 42 banks. In addition, they have more than 3,000 home loan products offered. 

They are well-rounded, as they can provide financial advice for business and corporate finance matters too. 

Those with a rough debt record can avail of their debt portfolio service. It’s done within 15 minutes and is easy to understand for most clients. 

We like how informative their website is regarding the documents needed prior to consultation. It also has borrowing and credit tips, loan FAQS, and more. 

It has a tool that can calculate how much you will spend on various services. This is approved by the Mortgage & Finance Association of Australia. 

The team, led by Darren McCormack, is Adelaide-based. This makes physical consultations easier for you. 

Many clients liked him for being fast in providing options for home loans. He makes sure to explain prices, pros and cons, and banks thoroughly. 

Among all the aspects of the company, the only downside that we saw is that their team is small. They may take some time to respond to initial consultations. 

Zanda Wealth is a little younger compared to other companies, as it was only launched in 2006. Even with this, the company is recommended and referred to by many. 

Their specialty is in guiding first-home buyers. Their representatives are patient in explaining terminologies, interest rates, and more, which we appreciate. 

In addition, they process first-home buyer grants well. Clients are guided about which ones best match their budget, credit score, and property well. 

Zanda’s representatives are also well-informed about property investment strategies. They provide insightful, future-directed, and well-rounded property market advice.

We appreciate how quick they are in responding to free strategy sessions booked through their website. 

Once your documents are prepared, calls with them can be done in less than an hour. 

Included in the banks they’re connected to are ANZ, Citi, ING, and Westpac.

Finally, they have a very accessible location in the commercial district of Adelaide. 

In conclusion, the company is a good choice, but only if their years of operation are sufficient for you. It’s important, as it may affect the bank’s trust in their loaners.

Mortgage Choice has a great spot in the Adelaide CBD. They provide services to many areas, including Vale Park, North Adelaide, Enfield, and Gilles Plains. 

Their team is composed of Adelaide locals who have in-depth knowledge of the properties in the area.

They are connected to over 20 banks and lenders. These are reputable ones, including Citi, Auswide Bank, Pepper Money, and Bank of Melbourne. 

One service feature of theirs that we especially like is the guide they prepare for financing for clients. Available on their website, it contains simple instructions for financing home loans.

The company has a wide selection of home loan options. They also provide advice for other loans, such as for personal, asset, general, and commercial purposes.

It’s led by Michael Papapetros, who has many years of experience as a mortgage broker. 

Clients compliment him for being able to secure low-interest rates and for working quickly. He also simplifies industry terms and responds quickly. 

He makes sure to give updates quickly, which is important for processing loans for properties under auction. 

In spite of all of these positives, a downside is that the company only has one mortgage broker for Adelaide, which limits your choices.