Are you looking for a good mortgage broker in Melbourne? It can be cumbersome process, if you don’t know where to begin. So, you have finally decided that it’s right time for you to purchase a residential property. Whether you want to live in or retain it as a long-term asset, buying a house is a huge investment. You want a successful purchase without encountering hurdles.
While there are many ways to buy a residential property, the key is to have a realistic budget. A realistic budget includes small self-funded portions and large parts of borrowed funds. Moreover, independent advice from a good mortgage broker can make a real difference.
So how do you find a good mortgage broker in Melbourne? A Google search for “good mortgage brokers near me” is the first step. This will help you identify local mortgage brokers. However, this might not help you identify who is good and who is not competent.
For Good Mortgage Brokers In Melbourne, Consider The Following Criteria:
Does the broker have more than 10 years of experience in Mortgage Broking?
Has the broker operated in the same geographic location for at least 5 years?
Does the broker maintain a physical office presence in the relevant area?
Is the broker a member of the Mortgage & Finance Association of Australia?
Are the brokers associated with major loan aggregator for multiple mortgage lenders?
Is the broker an active member of the local community?
Does the broker live in the Local Government Area in which they operate?
Broker’s accreditation with all the major lending institutions?
Does the broker have complementary experience in the Real Estate industry?
Does the broker have high ratings for their attention to detail?
Is the broker adept at arranging loans for self-employed or credit impaired clients?
Is the broker ready to go above and beyond for their clients?
Any broker who can measure up against the above criteria is most likely a successful mortgage broker. They help you determine an appropriate budget to guide you in your property search. Here at Oz Lend, we pride ourselves as one of the best mortgage brokers in the Bentleigh area and we meet the above criteria.
We would assist you to set a realistic budget for your next property purchase after signing the contract. We will assist you to obtain the best loan available to meet your specific needs.