Why is using a mortgage broker crucial for first-time homebuyers in the Australian property market and what exactly does a mortgage broker do?

The process of purchasing a home in Australia can be overwhelming, especially for those who are new to it. But finding a mortgage broker to help you can make the journey much smoother. Essentially, a mortgage broker acts as a middleman between you and the lender, helping you find the best mortgage product that suits your needs and financial situation.

To dive deeper into the benefits of finding a good mortgage broker early on, we're joined by Hung Chuy — Director and Finance Strategist at Strategic Brokers. He'll share his expertise with us on the optimum time to start working with a mortgage broker and explain why it can be a game-changer.

Wherever you live in Australia, finding a good mortgage broker near you is crucial. They offer expert advice and help you understand the jargon and fine print, ultimately saving you both time and money. So, tune in and hear firsthand from Hung Chuy on why working with a mortgage broker is the best way to achieve your dream of owning a home.

Episode Highlights:

00:00 - Introduction

01:55 - Why do first-time buyers need a good mortgage broker?

06:30 - The art of borrower-lender matchmaking: The importance of a good broker

13:12 - Challenges and benefits of seeking advice from a professional mortgage broker

16:21 - Important tips for selecting a good mortgage broker

20:23 - What should you ask your broker before committing to a mortgage?

25:09 - How can credit repair agencies help first-time homebuyers with bad credit?

31:28 - How can you avoid making poor decisions when buying your first home?

36:52 - The one thing Hung wishes he knew when he was a first time home buyer

About Hung Chuy:

Hung is the Founder and Director of Strategic Brokers — a mortgage advising firm, with over 10 years of experience in Banking and Finance. He has submitted thousands of finance applications and has worked with CEO’s of major corporations, self-employed business owners, as well as Chartered Accountants, Lawyers, and Barristers. Hung has also been awarded the Young Gun Award of the year in 2016 by Yellow Brick Road and MPA Magazine. He has managed to simultaneously run multiple successful businesses and completed his study in Accounting and Finance at Macquarie University. Under his leadership, the Yellow Brick Road Franchise became the No.1 Performing lending Franchise Nationally from 2016 until 2020. Hung is now focused on his next challenge of starting his own successful brand.

Connect with Hung Chuy:

• Hung Chuy’s LinkedIn Profile https://www.linkedin.com/in/hung-chuy-54777998/
• Visit Hung Chuy’s Website https://www.strategicbroker.com.au/

Resources:

• Visit our website https://www.homebuyeracademy.com.au/
• Learn how to buy property without making a mistake with our 10-step online course for first time home buyers https://homebuyeracademy.com.au/YFHBG
• If you have any questions or would like to be featured on our show, contact us at:
• Your First Home Buyer Guide Podcast - [email protected]
• Looking for a Sydney Buyers Agent? https://www.gooddeeds.com.au
• Work with Veronica: https://www.veronicamorgan.com.au
• Looking for a Brisbane Buyers Agent? https://www.propertypursuit.com.au/
• Work with Meighan: https://www.linkedin.com/in/meighanwells/

If you enjoyed today’s podcast, don’t forget to subscribe, rate, and share the show! There’s more to come, so we hope to have you along with us on this journey!

• Subscribe on YouTube: https://www.youtube.com/@YourFirstHomeBuyerGuidePodcast
• Subscribe on Apple Podcasts: https://podcasts.apple.com/ph/podcast/your-first-home-buyer-guide-podcast/id1544701825
• Subscribe on Spotify: https://open.spotify.com/show/7GyrfXoqvDxjqNRv40NVQs?si=7c8bc4362fab421f

See omnystudio.com/listener for privacy information.