There are many ways to find the right mortgage broker Australia. You can check with your local state financial regulator or consult the website of an industry association. Consumer-oriented websites can help you find a suitable broker. You can also use word-of-mouth referrals to find the best broker in your area. Word-of-mouth referrals are a good way to assess a broker’s work ethic and experience. This information can help you make a better decision when choosing a mortgage broker.
Not all brokers are created equal. A reputable mortgage broker will have a certificate IV in finance and an Australian Credit License from the Australian Securities and Investments Commission (ASIC). The best brokers have access to at least 20 lenders – if your broker has access to fewer than this, you’re better off going direct. A reputable mortgage broker will have access to a variety of lenders, including both banks and non-bank financial institutions.
