Five Questions to Ask Your Mortgage Broker

By Jayden Vecchio

1.How many years’ experience do you have?

2.How do you help first home owners, do you have any recent examples?

3.How can you help me after I buy this home?

4.Who owns your aggregator and are there any conflicts of interest?

5.What are your qualifications, accreditations and do you have any industry recognition? e.g. ASIC, FBAA, MFAA

Some Questions to Ask Your Mortgage Broker Include:

What is my maximum home loan?
What will be the repayments?
What is the loan term?
What is the interest rate?
What is the minimum deposit required?

Some additional questions to ask your mortgage broker about their background to make sure they are the right broker for your personal situation:

How many years’ experience do you have?
How do you help homeowners at auction; do you have any recent examples?
How can you help me after I buy this home?
Who owns your aggregator and are there any conflicts of interest?
What qualifications and accreditations do you have?

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