You’ll need to do some homework to find the right mortgage broker for you, but if you do your research and choose carefully, you’ll find your broker saves you time, stress and most importantly, money.

Remember your broker works for you, so don’t hesitate to ask them to explain everything in simple terms you understand.

Michael’s tips on choosing a good mortgage broker:

1. Ask your friends and family for recommendations of a good broker.

2. Check your broker’s industry experience. Don’t be afraid to ask how long they’ve been in the industry. You can also ask for testimonials form previous clients.

3. Currently the mortgage industry is unregulated (but the government is looking at changing this) so ask if they are they members of industry bodies such as the MIAA (Mortgage Industry Association of Australia) or FBAA (Finance Broker’s Association of Australia)?

4. Do they have Professional Indemnity Insurance?

4. Make sure that the broker has access to a wide range of reputable lenders. If they don’t, you could be missing out on the best mortgage deal.

5. Ask how they get paid. Most brokers work on a “success fee” and are paid a commission from the lender when you get your loan. Others may charge you a fee. Ask what charges you might have to pay if the broker secures you a loan and you decide not to accept it.

They should then be able to seek pre-approval for your loan before you go house hunting. Pre approval is an ‘in-principal’ commitment from the lender to loan you money. It usually lasts for 6 to 12 months and should cost you nothing, but will give you peace of mind to make firm offers on properties and put you in a better position to negotiate your way into your new home.


Are you looking to start or expand your property portfolio?
FINANCE IS THE KEY.
AND METROPOLE FINANCE CAN HELP YOU!

 

Click here now to arrange an obligation free consultation or just a quick phone chat.

With one 10-minute phone conversation we can normally tell you whether or not we can help you obtain finance or restructure your loan portfolio. There is no charge and no obligation.

Click here now and find out how much you could borrow.

 

HOME BUYERS  - ATTEND A FREE PROPERTY BRIEFING IN
MELBOURNE SYDNEY and BRISBANE - CLICK HERE

HOME BUYERS in Melbourne, Sydney and Brisbane

Finding your dream home is now much easier with Metropole on your side. Our multi award winning team will help you locate your ideal property and negotiate the lowest possible price.


We can save you time, money, stress and energy.


It's a great feeling having an agent on your side leveling the playing field - helping you decide where to buy, getting through open inspections, comparing the pros and cons of each property, working out what price to offer and negotiating with real estate agents.


Your buyer's agent will prevent you getting too emotionally involved and paying too much at an auction or being influenced by the selling agent.


We help first home owners, families upgrading their homes, luxury home buyers and expats.


Call us NOW on 1300 20 30 30 for an obligation free chat and discuss your options. We can also assist you in getting a borrowing capacity assessment so you know exactly what you can buy.

METROPOLE BUYERS AGENCY


Buy this book for yourself or as a present for someone you know who wants to live the Great Australian Dream!

CLICK HERE for details or to order your copy today.