Local Mortgage Brokers in Frankston North VIC

Things to check when selecting a mortgage broker

If you are planning on using a broker to arrange your home loan, we’ve assembled some tips to help you select the right one for you.

• Find out if your local mortgage broker has direct connections with the lender. Consider if there are any conflicts of interest in the advice you are given.
• Find out how your mortgage advisor is being paid. Who pays the commission? Do they charge a fee? What loans do they offer?
• Check if the loans that are offered suit your requirements.
• Check that the broker and lender is licensed to operate in Australia. You can search ASIC Connect’s Professional Registers to check if the credit provider is licensed.
• Get a written agreement from the broker to tell you the specifics of the loan being arranged.

Mortgage broker advice can save you time and money, but it’s still useful to do your research. Ask plenty of questions to help your broker find you a loan that meets your specific needs. Have a look at our local listings for the most popular mortgage brokers in your local area.