November 21, 2023

5 essential QUESTIONS to ask your mortgage broker (before getting a home loan)

37 minutes

Kate Campbell talks to expert mortgage broker Chris Bates about the essential questions you should be asking your mortgage broker in this episode of The Australian Property Podcast.

Want Chris and the team to help on your property-buying journey? Get in touch with the team at Blusk here!

👀 Here are some of the key points we cover in this episode:

Buying a house is a big financial decision – you need the right team in your corner

Finding a professional you feel comfortable working with makes a huge difference

Getting you a better rate can save a lot of $$$ long term

Can help answer your questions about the loan process and how everything works

How early on your home-buying journey should you talk to a broker?

Are they licensed to give you credit advice? Search for credit rep or licensee on ASIC Connect’s Professional Registers

How to find a good mortgage broker? Any red flags?

How do brokers get paid?

✅ Essential questions to ask your mortgage broker

Are you able to help me with my circumstances? Ie. some brokers deal with smaller clients, investment properties, small businesses

What range of lenders do you have access to? Any you can’t access?

What timeframe should I be expecting? How will you keep me updated?

Once they’re recommended a loan: why is this a good fit? How does this compare to other options? What features does it have (e.g. offset)? What fees do I need to be aware of?

Future looking: How often will you review my rate in the future to ensure I’m always getting a great deal? Can you help with my next move?

Borrowing Capacity – Educate on how it increases and decreases? What can I do to improve my borrowing capacity?

~~ Resources you'll love ~~

Invest with Owen: https://bit.ly/R-invest

Mortgage Broking: https://bit.ly/broke-rask

Financial Planning: https://bit.ly/R-plan

Property Coaching: https://bit.ly/R-P-coach

100-point property checklist (PDF): https://bit.ly/prop-check

Accounting with Grey Space: http://bit.ly/3DG5lWS

Business Coaching: https://bit.ly/o-coach

Ask a question: https://bit.ly/3QtiY00

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more

View all episodes

By Rask