
Get exclusive money-saving offers and guides
Straight to your inbox
Updated
We’re reader-supported and may be paid when you visit links to partner sites. We don’t compare all products in the market, but we’re working on it!
After entering your details a mortgage broker from Aussie will call you. They will discuss your situation and help you find a suitable loan.
The Adviser’s number 1 placed mortgage broker 8 years running (2013-2020)
A good broker should work tirelessly to help you get the finance you need. They'll be easily contactable, be proactive about keeping you updated and will try to find solutions to complex borrowing situations.
You'll want to check that your broker is accredited through ASIC, with either an Australian Credit License or as an Australian Credit Representative. Brokers are also required to be members of an industry association, either the Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA).
As a reward for generating new business from customers, mortgage brokers receive two types of commissions from lenders. They are paid an upfront commission when you sign up for a loan, plus a trailing commission every year you still owe money on the loan. But if you decide to refinance your mortgage elsewhere, the broker might have to pay a clawback commission fee to your original lender.
Find out how mortgage brokers are paid
Mortgage brokers have a responsibility to find you a loan that is not unsuitable for your requirements and that you can comfortably afford to service. A broker will assess your income and financial capacity carefully before presenting you with a selection of loans from their panel of lenders.
Learn how mortgage brokers work
Images: ShutterStock
Off the back of Christmas spending, a finance expert has warned that your Afterpay habits could negatively impact your home loan application.
Our experts crunch the numbers to help you work out the best place to park your money: is it your mortgage or your super fund?
One in four (25%) Australians are worried about how they will pay the rent or mortgage after Christmas, according to new research by Finder, Australia’s most visited comparison site. Find out how the Finder App can help save you money in 2021.
Find out how much dentures cost in Australia and how you can get cover with mid-level health insurance.
Here's what borrowers need to know about home loans with redraw facilities.
The broker is offering US shares for a flat $9.50 fee. So how does it stack up to CommSec or CMC Markets?
Here's how you could turn your love for vintage clothes into a money-making enterprise.
Find out how to turn your passion for homewares into a profitable business.
Here's how to get started if you want to turn your skills as an electrician into a business.
Your guide to home loan LVRs and how you can determine your loan to value ratio.
I am receiving a single payment an a foster care payment .I am renting at the moment but would like to use the money I am paying on rent towards a home of my own as the rent increases each year .I also have a car loan an that payment could also go towards a home loan if it could be paid out
Hi Sandra,
Thanks for your question.
If you are receiving foster care allowances, kindly note that this is accepted as a form of income but you need to be receiving another source of income. For more information on Centrelink loans, you can check our guide on this page.
Cheers,
Anndy