The Mortgage Broker Australia industry is booming, and it can seem impossible to choose a Broker for your needs. Mortgage Broker Australia can offer you the best Mortgage rates in your area.
- Mortgage brokers are regulated by the Australian Securities and Investment Commission (ASIC). They do not receive a commission from lenders; they earn their income through fees charged to borrowers – They may be quicker than traditional banks in providing loans, but they don’t necessarily offer better deals. They can charge fees of up to $15,000.
- Mortgage brokers can complete 100% of the application process for you. They are not tied to any one lender, which means they can compare multiple lenders and find a loan that best suits their circumstances. This is advantageous because it gives borrowers more choice in their mortgages, which increases competition between lenders to offer better interest rates and fees.