Mortgage Broker Investigation

Mortgage Broker Investigation

Last week Choice Australia investigated the practices of 15 Australian mortgage brokers and the results weren’t pretty – no commissions disclosed, no lender panel disclosed, and no credit guide provided. Unfortunately like every industry there are always people wanting to cut corners however our tip to avoid these poor mortgage brokers is to ask how long they have been in the finance game. Less then 5 years experience at a minimum and no banking or previous broking experience is a dead give away! Always deal with experience, not brand, and never be pushed into a loan you don’t want as your the one who will end up paying for it in the long run! For more on this article use this link https://www.choice.com.au/money/property/buying/articles/mortgage-broker-shadow-shop

 

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