Be Aware

There are more and more new entrants into the Mortgage Industry every day, and many of these new "Brokers" have little or no experience and limited training before being let loose on an unsuspecting public.

Before you talk to, or select, a Mortgage Broker you should ask them the following questions

1. Are they a Member of the MFAA? (Mortgage and Finance Association of Australia)
2. Do they have current Professional Indemnity Insurance to cover their professional duties as a mortgage broker?
3. How long have they been in the Mortgage Industry?
4. How many years of actual lending experience do they have?
5. How do they get paid?
6. Do they charge upfront fees in addition to receiving commission?
7. Are they affiliated with, or part of, any franchise group or other organization that may result in them recommending their own loans ahead of other lenders?

Our answers to the above questions are as follows:

1. Yes we are a Full Member and verification is available at www.mfaa.com.au.
2. Yes we have Professional Indemnity cover for Mortgage Broking duties of $2,000,000 with AON Risk, a copy of the policy is available in our office for you to read at any time.
3. Todd has been in the mortgage industry for 17 years.
4. Todd has 17 years lending experience.
5. We are paid a commission by the lenders, please refer to the homepage where a full explanation is given. All commissions are fully disclosed.
6. No, we do not charge fees, we only receive commission from lenders.
7. No we are not part of any franchise and we do not sell our own products.

If you have any further questions please do not hesitate to contact us, please BE AWARE who you are dealing with before you agree to proceed.