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Can you give me some tips on choosing a mortgage broker?

Most people underestimate the importance of getting help from a local mortgage broker.  A local broker knows your area and has already settled loans for home close by.  This means they know which lenders are more likely to approve your loan.

You also want to make sure your mortgage broker is properly credited with the skills and knowledge to get you the best deal.  Accreditation by one of the major aggregators, such as PLAN, AFG or FAST, is a good start.

The screening process applied by these aggregators is usually rigorous enough to ensure the broker is qualified and sufficiently experienced to assist.

A personal recommendation from a friend who has had a good experience is another suggestion.

Choosing a local broker is also important, every state and even regions have lenders that may not be represented nationally. A combination of both local representation but with Australia wide coverage is probably even better as many borrowers look to invest outside their local area.

Your Local Finance has local representation with Australia Wide coverage and can put you in touch with a specialist in your area - 1300 787 665.


 

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