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How To Pick The Right Broker For Your Mortgage Dilemma

How-To-Pick-The-Right-Broker-For-Your-Mortgage-Dilemma

Picking The Best Mortgage Broker for Your Needs

Before you go out picking a home loan that is ideal for you, you must first pick the right mortgage broker to sweeten the deal for you. The home loans market in Australia is vast, with thousands of products and hundreds of lenders flocking it and it can be a tough and overwhelming decision to make. This comes across as all the more reason to choose a good broker who can guide you through your purchase.

But, everything sounds good and every broker seems to make sense of what he/she is saying. So, how to pick the right mortgage broker, how do you know who is the one qualified, licensed, and accredited professional that you’d like to work with to get out of the home loan dilemma? It can be nerve-wracking and a hard decision to make. Hence, here are some handy tips to remember while picking your Mortgage Broker in Australia that will help you strike the right deal.

Main Traits to Look For

When looking for the right mortgage broker to work with, ensure that she/he is –

  • Specialised with the insights and experiences to meet your needs.
  • Responsive to your enquiries and can easily provide you with helpful information.
  • Persistent and will help you find an answer to any question you have.
  • Honest, which means that they would rather tell you the truth rather than adhering to what you’d like to hear.

Some Other Things Which Can Help

Mortgage brokers can save you a lot of money by getting you the best deals. Moreover, with the uphill task of finding the right home loan, homebuyers are not looking forward to handling the endless paperwork that’s part of the process. With mortgage brokers having access to about 90% of products on offers, they are definitely the best people to approach. That’s why it’s important if you know how to pick the right mortgage broker.

The tips below will help you pick the right mortgage broker if kept handy. Let’s have a look.

#1 Do Your Groundwork

Research is always the first step whether it’s about simple grocery shopping or looking for a valuable home loan. So, go ahead and browse the internet for the best brokers in your area. Look for real customer reviews and testimonials, and then give them a call to get an idea of the mortgage broker you are interested in. Other than that, word of mouth works well too. Talk to family and friends and see whether they can suggest anyone for you. Today, with most people hooked onto social media, you can always put up a question on your wall and wait for genuine responses to come in.

#2 Ask the Fees

Most brokers render their services free to consumers as they are paid by the credit providers. However, there are some who charge minimal fees, which can either be paid upfront or after the completion of the service. According to the Australian legislation, brokers must disclose the commission paid to them by lenders. So, ensure that you ask your mortgage broker about the commissions or benefits they receive, whether they charge a direct fee, and if it is a fair and reasonable amount for the service provided.

#3 Is He/She Legit? Check the License

Ask your mortgage broker whether he/she is registered with The Mortgage & Finance Association of Australia (MFAA), which is the key industry body that represents more than 12,500 mortgage and finance professionals across Australia. MFAA requires every mortgage broker, who is accredited by them, to undergo rigorous criteria on education, experience, and ethics. Hence, choosing an MFAA accredited mortgage broker will ensure that you are dealing with someone who is knowledgeable, experienced, and trustworthy. Anyone can claim to be a mortgage broker, so be sure to ask for their credentials.

#4 Duration in the Industry

Ask your mortgage broker about his/her duration in the industry. The fact is that the longer a person has been in the industry, the more experiences and knowledge he/she will have. Furthermore, they have a larger network within the industry. You might want to help out someone to start off their career as a Mortgage broker, but you will only be risking your own property investments. Hence, it is only advisable that you choose the latter to get the best deals on your home loan.

Pick the Right Mortgage Broker

The best mortgage brokers can turn the task of finding a home loan into a rewarding experience. These brokers will listen to your requirements, help you in deciding the features, while also sourcing out many home loans that might be suitable for you. At all times they’ll be available to meet or chat with you about your loan requirements or any questions you have along the way. Once you’ve chosen a loan, the right mortgage brokers will make the application process as smooth as possible, helping you complete the application and then lodging the documents on your behalf.

Credit Hub has over 20 years of experience in the Mortgage Broking Industry. If you are looking for a responsive and experienced team, get in touch with our mortgage brokers. You can start your loan application on our website now, or contact us today for the right mortgage offers. Our head office in Point Cook allows us to serve locals with a personal touch.

Disclaimer:

The information presented by staff or employees of Credit Hub and its associated companies is provided for general informational purposes only. We do not guarantee the accuracy, completeness, or timeliness of the data or views presented. Audience members should conduct their own research and verify any information before relying on it. Credit Hub and its associated companies are not liable for any errors or omissions, or for any actions taken based on the information presented.

Mortgage Broker in Point Cook

Credit Hub Australia
About the role

Join our dynamic team at Credit Hub Australia as a Finance/Mortgage Broker in our conveniently located Point Cook office, close to the freeway and train station, with free parking available.

In this role, you will be responsible for providing personalised mortgage solutions to our valued clients and also managing your colleagues by co-ordinating the allocation of files and general day to day running of the broker team. With a focus on delivering exceptional customer service, you will guide clients through the entire mortgage process, from initial application to final approval.

“Position is for Mortgage broker on commission/contract basis.”

What you'll be doing
  • You will develop and expand network with our help.
  • Sales, cold calling, and networking come naturally to you. You thrive on engaging with prospective clients to understand their unique financial needs and goals.

  • You will act on leads and existing database as provided and generate sales and ongoing relations.

  • Actively participate in team meetings and contribute to the overall success of the business

What we're looking for
  • You are an existing broker with proven experience in Mortgage Broking or lending abilities, or in a similar financial services role looking to take your career further with a successful Mortgage house.

  • In-depth knowledge of the Australian mortgage market, including products, policies, and regulatory requirements.

  • Excellent communication and interpersonal skills, with the ability to build lasting relationships and earn client trust.

  • A strong commitment to delivering outstanding customer service and consistently exceeding client expectations.

  • Self-motivated and capable of working independently, while also thriving in a collaborative team environment.

  • Relevant industry qualifications, such as a Certificate IV in Finance and Mortgage Broking.

  • Ability to manage multiple tasks, stay organized, and work reliably without supervision.

  • A results-driven mindset with a strong sales focus, coupled with exceptional work ethic, time management, and multitasking abilities.

What we offer

At Credit Hub Australia, we are committed to providing our team with a supportive and rewarding work environment. Some of the key benefits of joining our team include:

  • Competitive remuneration and performance-based bonuses
  • Ongoing training and professional development opportunities
  • Flexible work arrangements and a positive work-life balance
About us

Credit Hub Australia is a leading provider of mortgage and finance solutions, with a strong presence in the Point Cook in the Western Suburb of Melbourne and surrounding areas. Our mission is to empower our clients to achieve their financial goals by delivering personalised, expert advice and exceptional customer service. We are a dynamic and growing team, driven by a passion for helping our clients and making a positive impact on our local community. We are with Finsure as an agrregator Group. 

If you’re ready to take the next step in your career as a Mortgage Broker, apply now to join our team at Credit Hub Australia.

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