As the home and investment loan market in Australiabecomes increasingly complex, more people areturning to qualified mortgage brokers as the solutionfor their lending needs.Qualified mortgage brokers are required to complete theCertificate IV in Financial Services (MortgageBroking)FNS40810 as a minimum and some lendinginstitutions require the additional modules to completethe Diploma in Financial Services (MortgageBroking) FNS50310.
Why?Here Are Five Reasons Why You Should Consider Using aQualified Mortgage Broker:1. Mortgage Brokers Can Save You TimeThe choices now available in the mortgage market can seemlimitless and completely overwhelming. While you canchoose to research the lenders and their productsyourself, working with a qualified mortgage broker whoalready has that knowledge can save you hours oftime. And if you don’t know the industry jargon (“offsetaccount” as an example) then your broker will assist withunderstanding the lingo.
2. Mortgage Brokers Can Provide You More ChoicesAll mortgage brokers have a panel of Lenders from whichthey recommend loans. They have to become accreditedwith each lender to be able offer their product, and arerequired to keep up-to-date with their latest offers. Thispanel of lenders offers you a wide range of choicescompared to a bank which will have a limited number oflending options.
3. Mortgage Brokers Can Help Find the Best Loanfor YouThe best deal is not necessarily the cheapest rate. A goodmortgage broker will examine your circumstances andfuture plans to recommend a loan that is right for you.Getting the appropriate loan, based on your particularsituation, can help you create wealth and manage cashflow.
4. Most Mortgage Brokers Don’t Charge YouMost mortgage brokers don’t charge a fee for their serviceas the lenders pay them a commission for the loans theywrite. Most lenders offer the same rate via the mortgagebroker as they would if you borrowed directly fromthem. The point is a broker could save you money inother ways already mentioned.
5. Mortgage Brokers Can Assist You to AvoidCommon PitfallsMany products seem to pretty straight forward, but theycan have penalties, fees and charges you may not beaware of. Or, they may not offer the flexibility you requireas your circumstances change over the period of the loan.A professional mortgage broker can help you avoidtaking out a loan which you might later regret.
Intellitrain provides online and face-to-facetraining courses for the Certificate IV inMortgage Broking, Diploma in MortgageBroking, Diploma in Financial Planning as well asCert IV in Bookkeeping and Sales TrainingCourses inAdelaide, Brisbane, Canberra, Melbourne andSydney.