If you’re in the market for a mortgage, you may wonder whether you should work with a Mortgage Broker Australia. Mortgage brokers can be a huge help when it comes to getting the best mortgage deal possible. However, not all mortgage brokers are created equal. So, how do you find the best one for you?
What should I know about this?
Here are a few tips:
- Do your research. Brokers are not regulated in the same way that banks and other financial institutions are. This means there is a lot of variation in terms of quality and service levels. As such, it’s essential to do your research and read reviews before selecting a broker.
- Ask around. If you have friends or family who has recently bought a home, ask them if they used a mortgage broker and if they would recommend them.
- Check their credentials. Brokers must be accredited by the Mortgage & Finance Association of Australia (MFAA) or the Credit & Investments Ombudsman (CIO). Check that your chosen mortgage broker has one of these accreditations.
- Read online reviews. Brokers should have an online presence, so you should be able to find reviews of them online. Make sure to read a few different reviews to get a balanced perspective.
We hope this information has been useful to you.