Watch that mortgage broker!
A mortgage broker can certainly save you some time and hassle. They often can get you a great rate and find a loan with features that really suit you. However, you must always remember they are doing this job for the commission they will earn (and mostly deserve). Ensure your broker discloses their commissions and explains to you (in writing) why their loan recommendation is the best for you (not earning the best commissions for them!). Remember that you should never pay for a broker unless they are going to return some of the commission to you. There are literally hundreds of free brokers out there if you don't like what one is telling you or offering then go somewhere else!
1 comments:
Hi Tom
Good information in the blog. I have started my own, which is more focused on shares. I will be referencing your blog on my site - http://ozfinance.blogspot.com/. Hopefully we can leverage off each other's site. From what I hear it takes a few months to build up a blog and the more links you have coming into and out of the site the better.
Cheers,
Andy
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