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  • Writer's pictureJared Mullane

5 of the best mortgage brokers in Toowoomba

Updated: 2 days ago

We sifted through numerous mortgage brokers in Toowoomba and selected five of the best based on their services, awards, client reviews and more. Plus, we address several key factors to consider when choosing a mortgage broker that will help narrow your search.


Who are the best mortgage brokers in Toowoomba?

A mortgage broker talking with clients with a home loan application in his office

Here are five of the best mortgage brokers Toowoomba has to offer:

1. Mortgage Choice Toowoomba City - Julian Collins & Kris May

Mortgage Choice Toowoomba City is led by Principal Finance Broker Julian Collins and Finance Broker Kris May. Their aim is to ‘make the home loan process as easy as possible’, and thanks to their combined years of experience, Julian and Kris are committed to finding clients some of the best deals. Mortgage Choice Toowoomba City has won multiple industry awards and can also help with personal or car loans, as well as equipment finance. 


Specialises in:



Lender panel: 20+ lenders


Years in operation: 10+ years


Awards & recognition:


  • Mortgage Choice Top Loan Administrator QLD 2022 Winner

  • MFAA QLD Young Professional 2022 Finalist

  • MPA Australia Top 100 Broker 2021 Winner

  • MFAA QLD Regional Broker and QLD Customer Service 2021 Finalists

  • Mortgage Choice Australian Diversified Loans Broker 2019 Winner

  • MFAA Australian Regional Finance Broker 2018 Winner 


Google review rating: 5 stars (based on 319 reviews)


Contact:



Business hours: Mon-Fri, 8:30am - 5pm (after 5pm by appointment)


Onsite/online appointments: Yes

2. Searle Financial Group

Andrew Searle founded Searle Financial Group in 2004, establishing it as one of Toowoomba’s most reputable mortgage brokerages. As a family-run and independent business, Searle Financial Group aims to guide clients through the complexities of banking. With numerous loan options available to borrowers, the firm simplifies the lending process and has been recognised for its excellence over the past decade. 


Specialises in:


  • Home loans

  • First home buyer loans

  • Renovation loans

  • Construction loans

  • Guarantor loans


Lender panel: 30+ lenders


Years in operation: 20+ years


Awards & recognition:


  • AFG Broker Awards 2023 Winner - QLD/Nth NSW Regional Broker Group of the Year

  • AFG QLD Broker Excellence Awards 2019 Winner - Andrew Searle, Regional Broker of the Year

  • AFG QLD Broker Excellence Awards 2019 Finalist - Andrew Searle, Broker of the Year

  • AFG QLD Broker Excellence Awards 2019 Finalist - Regional Broker Group of the Year

  • AFG QLD Broker Excellence Awards 2019 Finalist - Broker Group of the Year (1-3 Loan Writers)


Google review rating: 5 stars (based on 152 reviews)


Contact:



Business hours: Mon-Fri, 8:30am - 5pm


Onsite/online appointments: Yes

3. RB Finance

RB Finance is a boutique Toowoomba-based brokerage that has helped hundreds of locals secure better home loan deals. Known for its ‘no-nonsense approach’, RB Finance leverages its industry-leading expertise to deliver outstanding results. With an extensive panel of lenders, RB Finance compares over 500 products, guiding clients through the fine print to ensure a seamless loan process from start to finish. 


Specialises in:


  • First home buyer loans

  • Owner-occupier loans

  • Refinancing

  • Investment loans

  • Bridging finance


Lender panel: 40+ lenders


Years in operation: 7+ years


Awards & recognition:


  • The Adviser Better Business Awards 2023 Finalist - Best Regional Broker QLD, Ryan Baddock

  • The Adviser Better Business Awards 2022 Winner - Best Regional Broker QLD, Ryan Baddock

  • MFAA Excellence Awards 2022-23 Winner - Commercial & Equipment Finance Broker Award QLD, Ryan Baddock

  • MFAA Excellence Awards 2023 State Finalist - Regional Finance Broker Award, Ryan Baddock


Google review rating: 5 stars (based on 57 reviews)


Contact:



Business hours: Mon-Fri, 8am - 5pm


Onsite/online appointments: Yes

4. Wagstaff Finance Toowoomba

At Wagstaff Finance Toowoomba, no loan is too small or too challenging. With dozens of lenders, including the big banks, the brokerage offers a wide range of options. Fronted by Craig Wagstaff, a mortgage professional with over 16 years of experience, the firm is dedicated to achieving better outcomes for clients. Craig and his team are committed to understanding your goals, providing suitable options, handling the paperwork and helping you save.


Specialises in:


  • First home buyer loans

  • Next home loans

  • Refinancing 

  • Investment loans

  • Construction loans


Lender panel: 60+ lenders


Years in operation: 10+ years


Awards & recognition: None listed


Google review rating: 5 stars (based on 50 reviews)


Contact:



Business hours: Mon-Fri, 8:30am - 6pm


Onsite/online appointments: Yes

5. THL Finance Partners

Founded in 1998, THL Finance Partners have access to hundreds of loan products suitable for a wide range of borrowers. THL Finance Partners says it’s ‘dedicated to simplifying the world of finance’ through its team of skilled advisors who uphold the company’s values of ‘integrity, trust and excellence in service’. Aside from home loans, THL Finance Partners also offer a holistic approach to your finances, including debt consolidation and superannuation.  


Specialises in:


  • Home loans

  • First home buyer loans

  • Refinancing

  • Investment loans

  • Construction loans


Lender panel: 25+ lenders


Years in operation: 10+ years


Awards & recognition: None listed


Google review rating: 5 stars (based on 261 reviews)


Contact:


  • Phone: 1300 308 105 / (07) 4688 3233

  • Email: Submit an online enquiry via the THL Finance Partners website

  • Address: Suite 3/111-113 Campbell Street, Toowoomba City, QLD 4350

  • Website: https://thlfinancepartners.com.au/


Business hours: Mon-Fri, 8am - 5:30pm or by appointment


Onsite/online appointments: Yes


What to look for in a Toowoomba mortgage broker

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


  • Experience: Look for brokers with a solid track record and in-depth knowledge of the local market.

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

  • Transparency: Understand how brokers are paid, whether through commission or fees.

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

  • Client reviews: Consider client testimonials and reviews to assess the broker's reputation and customer satisfaction.


Your broker should have an understanding of the Toowoomba property market

An aerial view of Toowoomba with houses in view

According to ReMax’s latest property market update, Toowoomba house prices increased by 1.8% in the quarter leading up to February 2024 and by 8.8% over the past 12 months. This brings the median dwelling price to $524,723, marking a 56.2% rise since 2019. Despite the strong performance of property prices, Toowoomba remains more affordable for buyers compared to Brisbane, the Gold Coast and the Sunshine Coast.


A good mortgage broker should have an understanding of the local market, including areas experiencing growth or decline in prices. They should also be able to offer insights into each suburb’s profile, such as schools and public transport infrastructure. 


Furthermore, your broker should provide a clear explanation of property transaction regulations and costs, including transfer duty rates, as these can affect your borrowing requirements. They’ll also need to be up to speed on government grants or incentives, especially for first home buyers.


Finally, a mortgage broker in Toowoomba may have access to products from local lenders that online brokers without a local presence may not offer.


5 questions to ask mortgage brokers in Toowoomba

Once you’ve weighed the pros and cons of using a broker and are ready to engage, make sure you ask these questions:


  1. Which lenders do you work with, and what types of home loans do you specialise in? Understanding the broker’s expertise and their range of lenders helps you determine if they can access a variety of options, potentially increasing your chances of finding the best deals.

  2. How are you paid and will it cost me anything? Brokers typically earn a commission from the lender you choose upon settlement, which means it usually won’t cost you a cent to use their services. However, some brokers may charge a fee in unique circumstances.

  3. How do you recommend different loan products and lenders? This will help you understand the broker’s process for assessing your suitability for various loan options. Keep in mind that all brokers must act in the best interest of their clients, which is enforced by law. 

  4. What support do you offer throughout the loan process? Asking about the broker’s support services ensures you receive adequate assistance and clear communication throughout the loan journey, minimising stress and uncertainties. 

  5. How long does it typically take to get pre-approved? Knowing the estimated time frame for pre-approval helps you plan accordingly when you’re ready to place an offer on a particular property.


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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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