Mortgages in Australia
Overview of MortgagesAs in many other countries, Australia has a large selection of banks, financial institutions and "securitised lenders", each offering a wide variety of home loan products.
The sheer number of mortgage products can be confusing and it is certainly time-consuming to compare them all. As a result, a great number of mortgage advisors/brokers have come into being.
Mortgage brokerage has become so accepted that over 30% of all Home loans in WA are put through the Lenders' Third Party or Broking channels. Usually this is a free service to the borrower, in that the broker's commission is paid by the lending organisation.
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