Best Mortgage Brokers in Sydney 2024: A Comprehensive Guide

Australia has one of the highest home loan costs in the world, making it difficult for the average Australian to buy a home. According to recent statistics, the average home loan size in Australia is $615,178. However, there is hope for Australians looking to purchase their dream homes. Mortgage brokers can help navigate the complex process of obtaining a home loan and finding the right lender.

In this comprehensive guide, we will introduce you to some of the best mortgage brokers in Sydney. We have done our research on dozens of mortgage brokers, considering factors such as client reviews, customer service, professionalism and convenience when finalising our list. Overall, our #1 choice is Eden Emerald Mortgages, which has also been voted the best broker by Canberra Times.


The Best Mortgage Brokers in Sydney

1. Eden Emerald Mortgages

Eden Emerald Mortgages has distinguished itself as the #1 mortgage broker in Sydney by consistently delivering unparalleled service and securing optimal outcomes for its clients. The firm's reputation as the top choice stems from its profound understanding of the industry and strong connections with a vast network of lenders. This enables them to offer bespoke mortgage solutions that are tailored to meet individual needs while ensuring the lowest possible interest rates.

What sets Eden Emerald Mortgages apart is their unwavering commitment to a client-centred approach. They invest time in thoroughly understanding each customer's specific financial goals and needs. This meticulous attention to detail allows them to handpick the most suitable loan options from their extensive network of over 35 lenders. They go further to negotiate the best rates and provide a detailed explanation of each option, guiding clients through the advantages and potential drawbacks, thus empowering them to make informed decisions. The application process is streamlined and efficient, supported by a responsive team ready to address any inquiries via phone or email promptly.

Integrity and transparency are at the core of Eden Emerald Mortgages' operations. They pride themselves on offering a free service, devoid of any hidden charges, and uphold the highest standards of honesty and ethical practices. This approach not only builds trust but also fosters lasting relationships with clients. Additionally, their commitment extends beyond the initial transaction, as they regularly review clients' mortgages to ensure they continue to benefit from the lowest rates and will suggest refinancing options if better opportunities arise. This comprehensive and continuous support makes Eden Emerald Mortgages the undeniable #1 broker in Sydney.

2. Principal Mortgages and Shaun Bettman

Shaun Bettman is the founder and director of Principal Mortgages, the #2 mortgage broker in Sydney. With over 15 years of experience in the finance industry, Shaun has helped countless homebuyers achieve their dream of homeownership.

Shaun and his team are dedicated to finding the best home loan for each client. They offer a range of loan options, including fixed-rate loans, variable rate loans, and interest-only loans. Their services extend beyond finding the right loan; they also provide comprehensive financial planning and coaching to ensure clients are in the best financial position to buy a home.

Principal Mortgages has a 98.5% approval rate, making it one of the most successful mortgage broking firms in Australia.

Furthermore, the company enjoys an exceptional reputation on Google with a 5-star rating based on 118 client reviews, which serves as a testament to the quality of their services.

3. Soren Financial and Mansour Soltani

Mansour Soltani of Soren Financial is a distinguished mortgage broker in Sydney, renowned for his expertise in first-home mortgages and advanced refinancing. With access to 45 verified lenders and key industry partnerships, he offers clients a wide array of competitive loan options and superior interest rates. 

Soltani's approach is client-centric, evident in Soren Financial's efficient 5-point approval process that prioritises understanding clients' long-term financial goals and providing tailored loan solutions.


His rapid loan approval times, professional qualifications, and commitment to building long-term relationships underscore his reputation as one of the top mortgage brokers in the city. 

Accredited under FBAA and licensed as a credit representative, Soltani upholds the highest standards of service, making him a trusted and reliable choice for homebuyers in Sydney.

Soren Financial has an outstanding 5-star rating on Google Reviews, rated by 70 satisfied clients.

Other Notable Mortgage Brokers in Sydney

While Shaun Bettman and Mansour Soltani are some of the best-known mortgage brokers in Sydney, several other professionals excel in the industry. Here are some of the other notable mortgage brokers in Sydney:

4. Justin Doobov, Intelligent Finance 

Justin Doobov is a notable mortgage broker in Sydney, and his company, Intelligent Finance, has made a name for itself as one of the top mortgage broking firms in the country. In FY21, Justin set a record on the MPA Top 100 Brokers list, with $423m in home loans written.

Justin and his team at Intelligent Finance are known for their expertise in complex lending situations. They specialise in finding lending solutions for self-employed borrowers, property investors, and individuals with unique financial circumstances. They provide personalised service and advice to ensure clients understand the lending process and are comfortable with their loan terms.

5. Phil Riches, The Lending Manager 

Phil has over 10 years of experience in the mortgage broking industry and is known for his ability to find the best loan options for his clients. He specialises in assisting first-home buyers, property investors, and those looking to refinance.

Refinancing Surge in Sydney

The pandemic caused a significant upheaval in the Australian housing market, leading many homeowners and investors to turn to refinancing to avoid defaulting on their mortgages. As a result, refinancing activity in Sydney surged, with borrowers racing to take advantage of historically low interest rates.

In May 2021, record-breaking home loan values of up to $32.56bn were refinanced, marking a significant surge in demand for refinancing services. Refinancing not only helps borrowers save money on interest rates, but it can also reduce monthly mortgage payments, which can go a long way in helping them avoid defaulting on payments.

However, refinancing is not always the best option, and borrowers must take a comprehensive approach when evaluating their needs. For this reason, seeking advice from a reputable mortgage broker is essential to steer clear of any financial traps and make informed decisions about the best financing options available.

Current State of Housing Loan Commitments

According to the Australian Bureau of Statistics, total new housing loan commitments in Australia in 2024 are around the $26 billion mark. This has seen a 13.3% increase over the past 12 months, with a 9.1% increase in owner occupier loans, and 21.5% increase in investor loans.

Even though interest rates are much higher now than during the pandemic, these figures point to growing investment in property, and as rates decrease in the future, we can expect this trend to continue higher.

It’s crucial to have access to solid financial advice to ensure you make informed decisions when it comes to buying property. That is where mortgage brokers can help.

Why Mortgage Brokers are Necessary Today

In today’s housing market, mortgage brokers play a crucial role in helping borrowers navigate complex financial issues related to home loans. With an experienced broker by your side, you can rest assured that you’re getting the best deal on your mortgage.

Mortgage brokers have access to an extensive network of lenders, making it easier for them to negotiate better terms and rates for their clients. They can also assist with loan applications, as well as provide advice on the various financing options available to borrowers.

Benefits of using a mortgage broker for buyers and investors include:

  1. 1
    Access to a wide range of lending options.
  2. 2
    Expertise in complex financial and lending matters.
  3. 3
    Cost savings through lower interest rates and reduced fees.
  4. 4
    Greater purchasing power with access to a broad network of lenders.
  5. 5
    Save time and effort by not having to negotiate with individual lenders.

Conclusion

Buying or investing in a property in Sydney can be a daunting process, with the average home loan size in NSW being $770,914. Coupled with the recent shift in the market due increases in interest rates, it can be challenging to navigate your way through the home loan process alone.

Fortunately, Sydney has some of the best mortgage brokers in the country, such as Eden Emerald Mortgages, who have an outstanding approval rating near 99%. These experts can assist buyers and investors in making informed decisions about home loans and other financing matters.

In conclusion, finding the right mortgage broker in Sydney can make all the difference in your home buying or investment journey. With the right advice, you can save money, time, and effort, while avoiding costly financial pitfalls.

About the author 

Harold Simmons

Harold is the founder and creator of the Asset Owners Discussion Project. He creates quality resources so investors can get access to information they wouldn't normally be able to access. He has been investing in real estate for almost three decades and is particularly experienced with mortgages and refinancing.

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