Mortgage broker – find a good broker in Adelaide
Find the home loan you need with the help of a professional mortgage broker in Adelaide.
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eChoice is an award-winning broker with over 18 years of experience, and has helped more than 50,000 Australians to find the right home loan.
- Completely free, expert home loan advice.
- Offers a suite of digital tools to make you a smarter borrower.
- Calculate your borrowing power with a free personalised home loan report.
Technology Platform of the Year 2016
Australian Broking Awards
How can I make sure I've found a good broker?
There are a lot of mortgage brokers out there willing to help you find a loan. When looking for a broker, make sure they are a licensed professional and do a little bit of background research. Here's what you need to do:
- Check their accreditation. Your broker should have an Australian Credit License or be an Australian Credit Representative. They are also required to be a member of either the Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA).
- Look closely at their lending panel. Brokers don't compare loans from every single lender in Australia, but they should have a large panel. Ask about the broker's panel to check that they offer mortgages from many different lenders.
- Read up on the industry. The broker is the expert, but learning about mortgages helps you make sure you're getting helpful information.
- Research the broker. Chances are your broker has an online presence and previous customers who have left reviews of their experience. This can be valuable information when shopping around for a broker.
Compare more mortgage brokers in the table below
We update our data regularly, but information can change between updates. Confirm details with the provider you're interested in before making a decision.
How are mortgage brokers paid?
Mortgage brokers make their money on commissions from lenders for directing new customers to them. They receive an upfront commission when you sign up for a loan and a trailing commission each year you are still repaying your mortgage. You don't pay this fee - it is paid completely by the bank or lender that you are getting a loan with.
Read our page about the broking process for more information.
How does a mortgage broker work?
A mortgage broker will get an understanding of your financial position, including any debts and liabilities, assets and income. They use all of this information to create a profile of your situation, and they use this to match you up with a lender who can give you a good deal on your home loan.
Mortgage brokers have a legal responsibility to ensure that they help you find a loan you can repay, without putting yourself into financial difficulty. Once they have assessed your financial situation and your borrowing power, a broker will present you with a choice of appropriate loans offered by their panel of lenders.
This is one of the main benefits of working with a broker, rather than going straight to your bank for a home loan: they can check with a number of different lenders until they find the right fit for you. This is especially important if you have a unique situation, such as if you're self-employed, on maternity leave or have investments or rental properties. With an experienced broker on your side, you're in the best position to get the right loan for you.
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