Mortgage Brokers

Mortgage Brokers can be a great help and information source when deciding on the type of Loan that suits your needs. A mortgage broker works with you to offer loan options that, from their expert knowledge, they feel most suit your needs. They can also act on your behalf with the lender and often get your approval within days.

Important considerations when choosing your mortgage broker:

• It is important to check your mortgage broker is a member of their regulatory body, within Australia this is the Mortgage Industry Association of Australia (MIAA). Membership ensures that your broker acts within strict guidelines and standards, it helps to ensure professionalism.
• ask the number of lenders they deal with. This amount obviously impacts on the loan options you will be given.
• Check if there are any fees. Most mortgage brokers are paid on commision, sometimes for the term of the loan.