Mortgage broker Sydney: 30+ lenders, $1,000 cashback
Sydney loan sizes make small rate gaps expensive. We're a Sydney-based broker comparing 30+ lenders for refinancers, investors, upgraders and first home buyers, at no cost to you, with $1,000 cashback on loans of $1M or more.
Short answer
A Sydney mortgage broker compares home loans across many lenders and arranges the one that suits you, usually at no cost because the lender pays the broker. Rate Engine compares 30+ lenders, is legally required to act in your best interests, and pays you $1,000 cashback on loans of $1M or more.
Why Sydney borrowers should compare
Sydney has some of the largest average loan sizes in Australia. The bigger the loan, the more every fraction of a percent costs you:
| Loan amount | Cost of being 0.25% too high | Cost of being 0.50% too high |
|---|---|---|
| $800,000 | About $2,000 a year | About $4,000 a year |
| $1,000,000 | About $2,500 a year | About $5,000 a year |
| $1,500,000 | About $3,750 a year | About $7,500 a year |
| $2,000,000 | About $5,000 a year | About $10,000 a year |
Simple interest estimates for illustration only.
Who we help
- Refinancers whose rate has drifted above new-customer pricing. See refinance with cashback.
- Property investors working around rental shading and APRA's debt-to-income limits. See investment loans.
- Upgraders who need to buy before they sell, often with a bridging loan.
- First home buyers using NSW concessions and government guarantee schemes. Read the NSW first home buyer playbook.
- Self-employed borrowers who need lenders that understand business income.
Sydney-specific things lenders look at
- Apartments and strata. Some lenders restrict very small units, high-density buildings or certain postcodes, or cap the LVR. Lender choice matters.
- Auctions. You need a fully assessed pre-approval before bidding, because auction contracts are unconditional.
- Valuation shortfalls. In fast-moving markets, a lender's valuation can come in under the price you pay, changing your LVR and deposit.
- NSW transfer duty. Stamp duty is a major upfront cost. Eligible first home buyers may get an exemption or concession; confirm current thresholds with Revenue NSW.
- High-value loans. Some lenders cap loan sizes by postcode or LVR, which matters for many Sydney purchases.
How it works
- Book a call. By phone or video, wherever you are in Sydney.
- We compare 30+ lenders across big four, tier 2, customer-owned, online and non-bank lenders.
- Your Tune-Up within 24 hours, with named lenders, rates and the dollar difference.
- We manage the application to settlement, then keep watching your rate.
Frequently asked questions
How much does a mortgage broker cost in Sydney?
Rate Engine charges you nothing. Lenders pay us a disclosed commission. See how we get paid.
Do I need to meet in person?
No. Most clients work with us by phone and video, and documents are signed electronically.
Can you help if I'm buying outside Sydney?
Yes. We help borrowers and investors across Australia, and many Sydney investors buy interstate.
Is a broker better than going to my bank?
Your bank can only offer its own loans. A broker compares many lenders and must act in your best interests.