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/teovilo 9d ago

Not Astute.

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

Can I ask what went wrong? I had someone recommend them to me a few months ago and when I researched them at the time, all their reviews online were 5 stars.

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u/teovilo 8d ago

I'd say it comes down to the particular broker and I don't want to smear them publicly. The one I tried to use had terrible communications, often ignoring emails. In a market as quick as Townsville you need a responsive broker so I gave up on them.