Q&A: What you need to know about working with mortgage brokers

We are answering some of our Rask community’s questions! On this episode of The Australian Property Podcast Buyer’s Agent Amy Lunardi and Mortgage Broker Chris Bates are deep diving some of the most asked questions of our community. 

Amy and Chris are going to break down some of the most common concerns, considerations and mistakes that people can make when it comes to finding and working with the right mortgage broker, understanding how loans work and what is right for you a well as how offset accounts can work.

On this episode of The Australian Property Podcast: 

• Red flags when speaking to a mortgage broker
• What kind of service you should expect from a broker and any property professional
• The etiquette and process if you want to change brokers
• The risks of shopping around for multiple pre-approvals
• What are the questions you should be asking a property professional?
• Things to be aware of if you’re wanting to apply for a loan and have self employed income, or casual income
• How an offset account works and the differences between an offset, redraw and paying the loan down

Australian Property Podcast resources:

• Australian Property Podcast online - videos, notes & resources
• Ask a question
• Chris' mortgage broking
• Amy's new property course
• Amy's 100-point checklist (PDF)
• Pete Wargent's property coaching
• Join Owen's Rask Core  membership for $0.99

INFORMATION WARNING!

This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser.

Full individual disclosures for each guest are available via the show notes page. Owen and The Rask Group Pty Ltd do NOT receive anything for mentioning Super funds, products, shares, bank accounts, etc.

Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

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