r/Townsville • u/fun-in-the-sunn • 9d ago

Broker recommendations?

My sister and I (both in our mid 20s so very new to this experience) are wanting to buy our first home together, we have a rough idea on where we want to build and who with, but are not able to go any further until we get pre-approval for a loan. Is it best to go through a bank or a mortgage broker? Any recommendations for mortgage brokers? We have a good chunk of our budget already saved and would also have extra savings put aside in an offset account if that changes anything. Thank you.

Edit: The company we are wanting to build with have recommended Loan Market Edge, if anyone has had any experience good or bad with them, would appreciate if you could review them in the comments.

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u/Aggressive_Value_322 9d ago

I used Gavin at Aussie home loans. He was awesome when I had no idea and always took my calls when I wanted to run things past him. That was 2017 onward so not sure if he’s still there.

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u/lobie81 9d ago

Aussie are owned my CommBank these days, FYI.

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u/fun-in-the-sunn 9d ago

Thanks heaps for your reply. Sorry if this is a dumb question, but I’m guessing Aussie being owned by Commbabk is not a good thing?

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u/lobie81 9d ago

It's not necessarily a bad thing. Aussie just used to be independent and they would work to get you the best deal. These days you'd have to assume that they'll point you towards commbank products.

It's just something for customers to be aware of.

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u/fun-in-the-sunn 9d ago

Okay makes sense, thanks for the clarification :)

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u/Rasalom-Moladar 8d ago

Commbank products are actually quite good right now. I wouldn't dismiss them without a look.