Whether you are a first homebuyer or looking for home loan refinancing, the first step is to look for the services of a professional mortgage broker. But in a market that is saturated with mortgage brokers, how do you know if the one you choose is a professional home loan expert? Here are just some of the qualifying factors to look for:
Are you getting a huge choice in home loans?
Look for a mortgage broker who has access to several banks and lenders, so that you can get the best deal on your home finance. A wide network means an informed decision since you get to compare different proposals and choose the one that is best for your specific requirements.
Does your home loan expert have industry training and accreditation?
Choosing a home loan experts who is fully trained and is accredited with all the lenders they are associated with is important. Also look for mortgage brokers who are members of the Mortgage and Finance Association of Australia (MFAA) and the Credit Ombudsman Service Limited (COSL).
Is your mortgage broker charging you a fee?
Professional mortgage brokers do not ask for a fee from their clients. Their main goal is to identify the best home loan that suits your requirement.
A professional mortgage broker will make sure that your convenience is a priority and handle all the research and running around involved in helping you get your home loan with the minimum fuss, regardless of your location, when you want a home loan in Australia.
