There has been a bit of news today about some mortgage brokers who have had their licenses cancelled by ASIC due to falsifying information to get mortgage deals approved. As with all industry’s there are always going to be some bad apples. As a customer it is important that you are dealing with someone who knows finance and has been in the industry for a long time. For me it is important to act within the law and undertake work with any funder based on personal trust and integrity. I have been close to 30 years in the industry and I am happy to give references to anyone who wants to deal with me. Beware as I have seen too many brokers with a lack of industry experience. At the end of the day it is the customer who makes the repayments not the broker!
Deal with an experienced finance broker