Mortgage broker Perth – how to find a good broker
Choose a trusted local mortgage broker to help you find the right home loan to buy property in Perth.
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How can I check that I've found a professional broker?
A good mortgage broker should be a qualified professional who guides you through the process of comparing mortgages, finding a suitable loan and then completing the application process. To get a better sense of a broker's reliability, do the following:
- Look at their accreditation. Check that your broker has an Australian Credit License or is an Australian Credit Representative. They should also be a member of either the Mortgage and Finance Association of Australia (MFAA) or the Finance Brokers Association of Australia (FBAA).
- Ask about their lending panel. Brokers cannot compare loans from all lenders, but most will have a large range. Ask about the broker's panel to check that they offer mortgages from many different lenders.
- Do your homework. The broker should do the hard work for you, but it's your job to research the broker to make sure they have the expertise you're looking for. Reviews are a great place to start.
- 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 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 do mortgage brokers get paid?
Mortgage brokers receive two types of commissions from lenders as a reward for generating new business. They receive an upfront commission when you apply for a home loan and a trailing commission based on the amount you still need to repay each year.
They are paid this commission directly by the bank, which means you get to use their services for free.
How does a mortgage broker work?
Mortgage brokers have a duty of care to help you find a loan that matches your requirements and that doesn’t exceed your financial capabilities.
When you first work with a mortgage broker, they will request information about your income and assets, debts and liabilities. After examining your finances and your ideal property purchase goals, your broker will help you compare different home loan deals and select a mortgage from a range of loans offered by their panel of lenders.
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