Courtesy of MFAA ( Mortgage an Finance Association of
Australia), here is Deloitte Access
Economics report on The Value of Mortgage Broking in Australia.
Mortgage brokers strengthen the entire Australian mortgage lending industry by fostering competition and therefore supporting all Australian home buyers and investors.
Did you know
FundSmart are experts in Commercial Property Finance?
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The Banking Royal Commission is bringing to light practices by major banks and some related parties that have been questionable to say the least.
Fundsmart always has, and always will, do everything to act in our customers best interest. This foundational policy of ours has protected our customers from the questionable banking practices that have been identified by the Royal Commission.
We are pleased that the changes being introduced will bring more stringent controls and provide better overall consumer protection. It is encouraging that in recent weeks, the Royal Commission has already brought positive changes to bank lending policies.
Fundsmar t has always exceeded the minimum requirements for Mortgage Brokers and we will continue to adapt to any new changes that are recommend by the Regulators.
Call us on 1300 78 79 94 to discuss further if you have any question or want to know how it will affect you.
The Mortgage Broking Industry
is a relatively new industry and has grown rapidly because of the value
provided to consumers who are seeking loan products. ASIC is the government
body
that constantly reviews financial matters for the protection of
consumers. As a result, the Mortgage Broking industry is now fully regulated
.
FundSmart is proud that we are fully compliant with all regulations and we
exceed the requirements for our continuing education and professional
development.
Currently, ASIC’s focus is on Brokers remuneration.
Australians value Mortgage Broker Service
Australians have been quick to recognise the value of using
mortgage brokers to source their loans and Australia
now leads the world in this industry
. At the conference, it was revealed
that close to 60% of borrowers in Australia, compared to 35% in Canada use a
mortgage broker to arrange their finance.
In Australia, there are;
With these comes fierce competition from lenders to attract new customers. This has created differentiation, bonus offers, honeymoon rates, freebies and other inducements. To make wise financial decisions when choosing a loan, you need to weigh interest rates, terms, conditions, fees; fixed versus variable rates and repayments on Interest-only versus Principal & Interest.
Choosing a loan or investment product is daunting!
In fact, the finance
industry is so complex, most Australians do not have the time, experience or
expertise to conduct the necessary research.
The Australian Mortgage Broking Industry is highly regulated, which protects
you, and has well earned its great reputation in assisting their borrowers to
select loan products best suited to their circumstances. Banks in Australia
also recognise that Mortgage Brokers add value to bank customers and have
invested money and many resources to support this fast-growing channel.
This is where FundSmart come
in as professionals and experts to assist you
.
We work full time in this sector of the financial market and that gives us an
up-to-the minute overview of the industry, including new loan products and
emerging trends.
What does FundSmart do
for you as your Mortgage Broker?
It is our belief and business model that our success comes from providing the best service to our clients. We pledge to only recommend a financial product that provides the best possible solution for your circumstance.
We are qualified mortgage brokers, accredited with all major banks and many
other financial institutions. As your Mortgage Broker, we will;