April 02, 2023

Mark Haron: Industry Expert Discusses How to Choose a Mortgage Broker, the Increase in Refinancing and Why Brokers Are Now Writing 70% Of All Loans in Australia

24 minutes

Want to learn how to choose a mortgage broker who can offer you tailored solutions that best fit your specific needs and financial situation?

Welcome to the Australian Property Investment Podcast. In each episode, we ask a guest expert to share their key insights for aspiring investors to make confident property choices.

In this week's episode, Mark Haron, Executive Director at Connective Broker Services, shares his professional and data-driven insights about the mortgage broking industry.

He specifically talks about what an aggregator is and its role, what best interest duty entails, the list of things to look at when you're looking for a mortgage broker, why refinances have increased 25% year on year, his insights on the increased appetite of investors for commercial property, and so much more!

If you want to learn the current trends in refinancing and how they may affect your investment strategy and decision-making, then make sure to listen to this episode!

Time Stamps:

00:00 - Intro

01:16 - What Is an Aggregator?

02:45 - Mark Haron’s 3PS (Personal Professional and Property Journey)

03:57 - Best Interests Duty

07:13 - How to Choose Your Broker

09:30 - Broker Commissions

14:14 - Aggregator Levels

18:34 - The Number of Commercial Property Purchase Applications

21:25 - Runoff Rate

23:43 - Final Messages

24:24 - Outro

About Our Host:

Aaron-Christie David is the founder of Atelier Wealth and a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.

With over 10 years in financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.

Connect with Aaron:

Visit the website: https://atelierwealth.com.au/

Follow Aaron on Facebook:

About Aaron:

Aaron-Christie David founded Atelier Wealth, a Mortgage & Finance Association of Australia (MFAA) approved Mortgage Broker. Aaron’s focus is clear – supporting property investors to make confident decisions to build their property portfolio. He has been recognised in the MPA Top 100 Broker rankings for the last three years.

With over 10 years of financial services experience, with a career spanning Wizard Home Loans and Commonwealth Bank, Aaron's decision to become a broker was to help more Australians fearlessly buy investment properties to achieve intergenerational wealth.

Connect with Aaron:

Visit the website: https://atelierwealth.com.au/

Follow the Australian Investment Property Podcast’s Official Instagram account: https://www.instagram.com/aupropertyinvestmentpodcast/

Follow Aaron on Facebook:
https://www.facebook.com/aaronchristiedavid

Follow Aaron on LinkedIn:
https://www.linkedin.com/in/aaronchristiedavid/

Subscribe to Atelier Wealth’s YouTube Channel:
https://www.youtube.com/@atelierwealth_au

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By Aaron Christie-David