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  • Writer's pictureJared Mullane

Top 5 best mortgage brokers in Newcastle

Updated: 2 days ago

We’ve curated a list of five top mortgage brokers in Newcastle. Our guide covers each broker’s services, awards, contact details and more. Plus, we’ll give you insights on how to choose the right mortgage broker as well the key questions you should be asking them.


Who are the best mortgage brokers in Newcastle?

A mortgage broker sitting down with clients discussing their home loan application

Here are our top 5 picks of Newcastle mortgage brokers:

1. Money Links

Money Links is a leading and multi award-winning finance brokerage in Newcastle, helping clients with their property needs. Its mission is to educate, inspire and assist Australians with their mortgage, while also assisting with wealth creation strategies. Money Links has more than 280 5-star reviews on Google and covers a wide range of services to suit any borrower.


Specialises in:


  • Home loans

  • Home equity

  • Refinancing

  • Investment loans

  • Debt consolidation loans


Lender panel: 30+ lenders


Years in operation: 20+ years


Awards & recognition:


  • The Adviser Better Business Awards 2022-23 Winner - Best Regional Broker NSW/ACT

  • Mortgage Business Awards 2023 Winner - Mortgage Broker of the Year - Regional

  • Australian Mortgage Awards 2022 Winner

  • The Adviser Better Business Awards 2023 Finalist - Best Regional Office NSW/ACT

  • Mortgage Business Awards 2023 Finalist - Brokerage of the Year

  • MPA Top 100 Brokers 2021 


Google review rating: 5 stars (based on 285 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5pm


Onsite/online appointments: Yes

2. Newy Finance

Jon Jones, the director at Newy Finance, has been a mortgage broker since 2014, securing home loans and finance deals for hundreds of Novocastrians. In its own words, Newy Finance is ‘committed to helping Newcastle and Hunter Valley locals with home loans, investment loans and personal finance’. Jon takes pride in getting to know his clients and outlines the entire lending process to ensure transparency.


Specialises in:



Lender panel: 30+ lenders


Years in operation: 5+ years


Awards & recognition: None listed


Google review rating: 5 stars (based on 236 reviews)


Contact:


  • Phone: 0410 699 969

  • Email: Submit an online enquiry via the Newy Finance website

  • Address: 2 Portside Crescent, Maryville, NSW 2293

  • Website: https://www.newyfinance.com.au/


Business hours: 


  • Mon-Thurs, 8am - 6pm

  • Fri, 8am - 3pm

  • Sat, 10am - 4pm 


Onsite/online appointments: Yes

3. DT Funding

DT Funding is managed by three partners, Darby Franklin, Rhiannon Drew, and Mary Nguyen, who strive to find loans that not only meet your needs but exceed expectations in terms of rate, product, and service. According to DT Funding, the team guarantees to support clients throughout the homebuying process and to ensure an appropriate loan structure.  


Specialises in:

 

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Loans for medical professionals

  • SMSF loans


Lender panel: 40+ lenders


Years in operation: 7+ years


Awards & recognition: None listed


Google review rating: 5 stars (based on 167 reviews)


Contact:



Business hours: Mon-Fri, 8:30am - 6pm


Onsite/online appointments: Yes

4. Wisebuy Home Loans

Boasting a vast lender network, Wisebuy Home Loans is an award-winning brokerage that’s been featured in The Australian Business Journal, The Adviser and Yahoo Finance. Wisebuy Home Loans takes care of many borrower types, including first-time buyers and investors, to help secure a great mortgage deal. The broking firm says its ‘service doesn’t stop when you receive the funds for your purchase’, and that ongoing support post-settlement will be provided. 


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Land purchase loans


Lender panel: 60+ lenders


Years in operation: 7+ years


Awards & recognition:


  • The Adviser Better Business Awards 2022 Winner - Best Regional Office NSW/ACT

  • The Adviser Better Business Awards 2019-20 Winner - Rising Star NSW/ACT

  • MFAA Excellence Awards 2020 State Winner - Diversified Business Award

  • The Adviser Better Business Awards 2021 Finalist - Best Finance Broker NSW/ACT

  • The Adviser Australian Broking Awards Finalist 2019 - Rising Star


Google review rating: 5 stars (based on 101 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5pm


Onsite/online appointments: Yes

5. Loan Market Direct

With over 270+ 5-star Google reviews, Loan Market Direct promises to work in the best interests of clients while saving you time and hassle. As a franchise of the Loan Market group, Loan Market Direct uses its power to negotiate better deals on behalf of borrowers, tapping into its large selection of lenders. Loan Market Direct says it has the ability to compare over 1,000 products to give locals greater choice when selecting their next mortgage.    


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Pre-approval


Lender panel: 60+ lenders


Years in operation: 3+ years


Awards & recognition: (nominated to the wider Loan Market group)


  • Australian Mortgage Awards 2020-21 Winner - Aggregator of the Year (Over 500 Brokers)

  • The Adviser Australian Broking Awards 2019 Winner - Industry Thought Leader of the Year 

  • The Adviser Australian Broking Awards 2019 Winner - Technology Platform of the Year

  • Australian Mortgage Awards 2018-19 Winner - Aggregator of the Year (Over 500 Brokers)


Google review rating: 5 stars (based on 276 reviews)


Contact:



Business hours: Mon-Fri, 9am - 5pm


Onsite/online appointments: Yes


Newcastle mortgage brokers: 5 key factors to consider

To find the best mortgage brokers in Newcastle, consider these key factors:


  1. Expertise: Look for brokers with a solid track record and deep knowledge of the local market.

  2. Personalised service: Choose brokers who offer tailored solutions to meet your specific needs and financial goals.

  3. Transparency: Most brokers earn a commission but in some cases may charge a fee for their service. Ensure you know how they’re paid.  

  4. Communication: Prioritise brokers who maintain open and clear communication throughout the lending process.

  5. Client reviews: Take into account client testimonials and reviews to check the broker's reputation and if they’ve satisfied previous customers.


Your broker should be up to date with Newcastle’s property market

A view of Newcastle with houses along the harbour

Your broker should be well-versed in the local area in which they operate. For example, some parts of Newcastle may consist primarily of first-time home buyers, while other areas may be populated with upgraders or investors. 


Newcastle’s property prices are tipped to experience a 3-5% increase in 2024, thanks largely to the region’s ongoing transformation from an industrial city to a diversified economy, as reported by Soho. With this in mind, mortgage brokers need to be knowledgeable about the local market, and to share their insights with prospective buyers. 


Additionally, your broker should clearly explain property transaction regulations, including transfer duty rates, as these can impact your borrowing needs. Furthermore, they should stay updated on any government grants or incentives available to specific borrowers, such as first home buyers. 


A mortgage broker in Newcastle might also have access to products from local lenders that online brokers without a local presence may not be able to offer.


Important questions to ask mortgage brokers in Newcastle

After doing some online research and weighing the pros and cons of using a broker, it’s important to ask these questions: 


  • What types of home loans do you specialise in, and which lenders do you work with? This will help you understand the broker's expertise and whether they have access to a wide range of lenders, potentially increasing your chances of finding the best deals.

  • Can you provide a breakdown of all potential costs involved in obtaining the loan, including upfront fees, ongoing charges, and exit fees? By getting a complete breakdown of costs, you gain clarity on the total financial commitment required over the loan term, helping you budget effectively.

  • How do you assess my eligibility for different loan products, and what documentation will I need to provide? This allows you to understand the broker's process for evaluating your suitability for various loan options and prepares you for the documentation required to facilitate the application process smoothly.

  • What support do you offer throughout the loan process, from application to settlement, and how do you keep clients informed about progress? Asking about the broker's support services ensures you receive adequate assistance and communication throughout the loan journey, minimising stress and uncertainties.

  • How long does it take to get pre-approval? The time frame varies between lenders, but a good broker should provide you with an estimate based on their familiarity with lenders.


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Disclaimer: The mortgage brokers presented on this page are based on research carried out by our experts at the time of writing. We are not making a recommendation about any particular brokers. Please use this information as a guide only, and do your own research before engaging with a mortgage broker.

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