In the past people who wanted to buy properties in Australia, and needed finance
to do so, would approach the nearest bank for a mortgage home loan or investment loan.
Today, however, the world’s finances are fluctuating more rapidly than ever before. If
you want to keep pace with what is happening and what type of financing transaction is
to your best advantage, you need to compare all the deals on offer.
In the 1980s mortgage brokers began to make an appearance on the property scene
in Australia, and by the 1990s property buyers and sellers, as well as mortgage loan
lenders, began to make increasing use of their services. Since then about a third of all
Australian mortgages for properties have been negotiated by property loan brokers.
Given the current trends and the large variety of mortgage loans on offer, your
best bet is probably to approach a mortgage broker who will act as an intermediary
between you and your mortgage loan lender. Australian property buyers, together with
those of many of the Western countries are finding it increasingly beneficial to work
through a broker. The lending market has become very competitive and it can make a
big difference to your financial future to make the right choice of lenders.
