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Mortgage Brokers in Colonel Light GardensSA 5041

About Colonel Light Gardens

Colonel Light Gardens is a cozy and family-friendly suburb located in South Australia (SA 5041). It is situated in the City of Mitcham and is home to around 13,500 people, with a median age of 42 years old. The suburb is known for its charming bungalow-style homes, tranquil tree-lined streets, and welcoming community spirit.

One of the most prominent landmarks in Colonel Light Gardens is the historic Cummins House. This 19th-century mansion with its ornate iron lacework and landscaped gardens is a popular destination for tourists and locals alike. The suburb is also home to two lush parks - Heywood Park and Mortlock Park. These parks offer ample space for outdoor activities such as picnics, sports, and leisurely walks.

Transportation in Colonel Light Gardens is convenient for its residents with buses frequently running along Goodwood Road and East Parkway. The suburb is also located just a short drive from Adelaide's central business district, making it accessible for those who work in the city.

Overall, Colonel Light Gardens is an ideal place for those looking for a peaceful and relaxed suburban lifestyle with easy access to amenities, parks, and landmarks nearby.

Featured Mortgage Brokers that service Colonel Light Gardens, SA

Suburb Snapshot - Colonel Light Gardens, SA 5041

Population

13,500

Median Age

42

Median Mortgage Repayment

$2,000 / month

Median Rent Payment

$1,390 / month

Median Household Income

$105,300 / year

Properties Owned Outright

39%

Properties Owned with Mortgage

41%

Properties Rented

21%

Morgage Brokers in Colonel Light Gardens & Surrounding Areas


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Frequently Asked Questions about Mortgage Brokers in Colonel Light Gardens, SA 5041

How can I become a Mortgage Broker in Colonel Light Gardens, SA 5041?


To become a Mortgage Broker in Colonel Light Gardens, SA 5041, you generally need to obtain a Mortgage Broker Diploma.

To obtain a Mortgage Broker Diploma in Colonel Light Gardens, SA 5041, you will need to complete a Certificate IV in Finance and Mortgage Broking and meet other educational requirements set by the Australian Securities and Investments Commission (ASIC).

The Certificate IV in Finance and Mortgage Broking is a nationally recognised qualification that can be obtained by completing a course of study with an accredited training provider. The course typically covers topics such as lending and credit assessment, loan structuring, compliance and legislation, and communication and customer service.

To meet the educational requirements for a Mortgage Broker Diploma, you may also need to complete additional studies in business management, finance, or related fields. The exact requirements may vary depending on the state or territory in which you plan to work and the industry body to which you are affiliated.

Once you have completed the necessary education and training, you will also need to obtain accreditation from a lender panel and register with ASIC as a credit representative.

It's important to note that obtaining a Mortgage Broker Diploma is just one step in becoming a successful mortgage broker. To excel in this field, you will also need to have strong communication skills, a good understanding of the lending market, and a commitment to providing excellent customer service.

What services can Mortgage Brokers in Colonel Light Gardens, SA 5041 help with?


Mortgage Brokers in Colonel Light Gardens, SA can usually help with:

  • Home Loans

  • Refinancing Loans

  • Investment Loans

  • Construction loans

  • Building Loans

  • Bridging loans

  • SMSF loans

  • Equity Access Loans


If you're not sure who can help, feel free to send us an email here and we'll try to find someone you can help you.

How much does it cost to use a Mortgage Broker in Colonel Light Gardens, SA 5041?


Mortgage Brokers in Colonel Light Gardens, SA 5041 generally don't charge for their services, and if they do, will let you know upfront before any service takes place. Mortgage Brokers in Colonel Light Gardens, SA 5041 are generally paid for their services by a lender once you get your loan.

What does a Mortgage Broker in Colonel Light Gardens, SA 5041 do?


A mortgage broker in Colonel Light Gardens, SA acts as an intermediary between borrowers and lenders, helping people find and apply for home loans.

Mortgage brokers in Colonel Light Gardens, SA typically have access to a wide range of lenders and loan products, including those from major banks, smaller lenders, and non-bank lenders. They can provide advice and guidance on the various types of loans available, including fixed and variable rate loans, as well as features such as offset accounts, redraw facilities, and more.

Once a borrower has chosen a loan, the mortgage broker will assist with the application process, helping to gather all necessary documentation and submitting the application to the lender on the borrower's behalf. They will also liaise with the lender throughout the application process, keeping the borrower informed and addressing any issues that may arise.

Overall, the role of a mortgage broker in Colonel Light Gardens, SA is to help borrowers navigate the complex home loan market and find the most suitable loan for their needs.

How much can I borrow to buy in Colonel Light Gardens, SA 5041?


Your Borrowing Capacity depends on a number of factors including how much you earn, your expenses and the size of your household. To understand more about your borrowing capacity and whether you can afford to buy in Colonel Light Gardens, SA, get your Free Borrowing Capacity here.

Where else can Mortgage Brokers in Colonel Light Gardens, SA 5041 help?


Mortgage Brokers in Colonel Light Gardens, SA 5041 can usually help in the surrounding areas including: Daw Park, Lower Mitcham, Clapham, Cumberland Park, Westbourne Park, Panorama, Mitcham Shopping Centre, Hawthorn

What grants and/or incentives are available to buy a house in Colonel Light Gardens, SA 5041?


Grants and inventives available include the First Home Guarantee, Family Home Guarantee, First Home Owner Grant, First Home Super Saver Scheme and potentially some Stamp Duty related excemptions. To understand what you might qualify for in Colonel Light Gardens, SA we'd suggest getting in touch with a Mortgage Broker or reaching out to us here.