Mortgage

Choosing A Mortgage Broker Australia

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It can be confusing when it comes to choosing the right Mortgage Broker Australia. Most people think that a licensed mortgage broker is someone who can obtain the lowest possible rate. This isn’t the case. The average rate for a fixed-term mortgage in Australia is 2.89%. When choosing your Mortgage Broker, it’s important to choose one with a reputation for ethical service. However, it’s important to make sure that you’re getting the best deal possible for your situation.

You can choose a mortgage broker with a high level of experience and a certificate IV in finance. They should also have an Australian credit license (AC Licence) supplied by ASIC. Also, you should look for a Mortgage Broker Australia with access to at least 20 different lenders. If your broker only has access to a small number of lenders, you’re better off going direct. Your Mortgage Broker should have access to a mix of bank and non-bank institutions.