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REFINANCING LOAN ADVICE FOR AUSTRALIAN BORROWERS
Information, money saving tips and commentary on finding a Mortgage Broker in Australia

Finding a Mortgage Broker



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What is a Mortgage Broker?

In Australia, a Mortgage Broker is becoming the first port of call when seeking a loan. Mortgage Brokers started to become an alternative to Bank finance about 15 years ago. They now write about 30% of Australia’s Mortgages and nationally there are about 2000 mortgage broking businesses.

Mortgage Brokers look at borrowers requirements and then match them to a lender that has the best deal on a loan product that matches as closely as possible those requirements. Normally this service is free to the borrower as the lender pays a commission to the mortgage broker.

Australian Banks, Credit Unions, non-bank lenders and Building Societies all use mortgage brokers to market their loans as it is cheaper than maintaining their own staff and facilities.


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The best place to start your home loan search

The Tomorrow Finance provide a Free Home Loan Quote service for Australian home owners and real estate investors. Ask them for a Free Quote on a Home Loan or Investment Property Loan.
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