WHAT IS A MORTGAGE BROKER

A Mortgage Broker is a party who you engage to assist you obtain a loan from a bank or financial institution.

A good mortgage broker will have access to many banks and all their products. They do the running around for you and help you choose the right loan for your circumstances. They should also make recommendations that save you money.

A really good mortgage broker offers you access many types of loans including:

• Home
• Investment
• Business
• Commercial
• SMSF
• Car
• Equipment

Generally, their service is free as they are paid a commission by whatever bank you choose to go with.

Mortgage Brokers are regulated by ASIC and must be members of a professional association and a dispute resolution service.