Finding the Right Mortgage Broker in Australia

For Australians finding the right mortgage broker is crucial for successfully navigating the world of finance. In Australia, almost three quarters of new residential home loans are now written by mortgage brokers. While this figure is substantially higher than it once was, considering that mortgage brokers have access to a wide pool of financial products and offer unbiased guidance, it makes sense that more people are choosing to use one.

Understanding The Role
Of A Mortgage Broker

Regardless of whether you’re a seasoned investor, first home buyer or are simply looking to refinance, it’s no secret that home loans have the potential to be stressful. From finding the best possible interest rate to presenting your application, dealing directly with a lending institute can be intimidating if you’re not confident in how the process works. The alternative? Partnering with a Brisbane mortgage broker.
We Believe

At Madd we believe that success is built upon the collective effort and diverse expertise of our team members. We take pride in having a group of talented professionals who are passionate about their work and dedicated to delivering exceptional results.

We believe in fostering a supporting and inclusive work environment, that encourages growth, learning, and collaboration.
We are proud to have such a talented and dedicated team that drives our success and continues to make a difference daily to each and every client.
Are you looking for an opportunity to join an extraordinary team? We are always on the look out for exceptional individuals.

Simplifying the Home Loan Process

At Madd we believe that success is built upon the collective effort and diverse expertise of our team members. We take pride in having a group of talented professionals who are passionate about their work and dedicated to delivering exceptional results.

The Mortgage Broker's Role

The role of a mortgage broker is to serve as the ‘middleman’ between the lender and the borrower. They handle the time- consuming process of securing the loan and gathering the necessary paperwork. Their end goal is to act in your best interests when finding a home loan product and negotiating the terms.

How Mortgage Brokers Help

A mortgage broker will calculate what you can afford to borrow, source suitable home loan products, and present you with the best options. They explain how each loan works, including costs like fees and interest rates. They then package your application to present you in the best light to a lending institute and guide you through the entire settlement process.

Long-Term Benefits and Referrals

Many clients stick with their mortgage broker for future financial
assistance, including refinancing, personal or car loans, and
investment property purchases. Reputable brokers often receive
second and third generation customers based on referrals,
demonstrating the value of high-quality service and positive
outcomes.

Simplifying the Home Loan Process

At Madd we believe that success is built upon the collective effort and diverse expertise of our team members. We take pride in having a group of talented professionals who are passionate about their work and dedicated to delivering exceptional results.

The role of a mortgage broker is to serve as the ‘middleman’ between the lender and the borrower. They handle the time- consuming process of securing the loan and gathering the necessary paperwork. Their end goal is to act in your best interests when finding a home loan product and negotiating the terms.
A mortgage broker will calculate what you can afford to borrow, source suitable home loan products, and present you with the best options. They explain how each loan works, including costs like fees and interest rates. They then package your application to present you in the best light to a lending institute and guide you through the entire settlement process.
Many clients stick with their mortgage broker for future financial assistance, including refinancing, personal or car loans, and investment property purchases. Reputable brokers often receive second and third generation customers based on referrals, demonstrating the value of high-quality service and positive outcomes.

because we find the loan for your best interest

Most people benefit from using a mortgage broker, regardless of their financial situation or property goals. In Queensland’s competitive market, a local Brisbane broker offers valuable insights. Benefits include access to a wider range of loans and connections with other real estate professionals (conveyancers, inspectors, etc.). This streamlined approach, with single document submission, contrasts sharply with banks, making brokers an ideal choice.

The Mortgage Broker vs Bank Debate

Australians have a reputation for being loyal creatures, so it should come as no surprise that the first stop for many prospective homeowners is a trip to their everyday banking institute. Approaching a bank for a home loan can work to your advantage if you have a good credit history and if you are in a stable financial situation, as banks big and small will often deem you to be an ideal loan candidate and the type of person they want to do business with.
We Believe

At Madd we believe that success is built upon the collective effort and diverse expertise of our team members. We take pride in having a group of talented professionals who are passionate about their work and dedicated to delivering exceptional results.

We believe in fostering a supporting and inclusive work environment, that encourages growth, learning, and collaboration.
We are proud to have such a talented and dedicated team that drives our success and continues to make a difference daily to each and every client.
Are you looking for an opportunity to join an extraordinary team? We are always on the look out for exceptional individuals.

Limited Bank Options

Applying directly through a bank means you only see their products, which may not be the best fit. Self-employed applicants, sole income households, those with small deposits, or even past minor credit issues can struggle with bank approvals.

The Rise of Mortgage Brokers

Mortgage brokers offer an alternative to traditional banks. Increasingly, Queenslanders are choosing Brisbane mortgage brokers to navigate the complexities of home loans.

Access and Advocacy

The key difference between a broker and a bank is access. Brokers have a wide variety of loan options and work for you, finding the best match for your circumstances, not the bank’s. Even applicants with strong credentials benefit from exploring all options through a broker.

Application Expertise

Many clients stick with their mortgage broker for future financial assistance, including refinancing, personal or car loans, and investment property purchases. Reputable brokers often receive second and third generation customers based on referrals, demonstrating the value of high-quality service and positive outcomes.
Limited Bank Options
Applying directly through a bank means you only see their products, which may not be the best fit. Self-employed applicants, sole income households, those with small deposits, or even past minor credit issues can struggle with bank approvals.
Mortgage brokers offer an alternative to traditional banks. Increasingly, Queenslanders are choosing Brisbane mortgage brokers to navigate the complexities of home loans.
The key difference between a broker and a bank is access. Brokers have a wide variety of loan options and work for you, finding the best match for your circumstances, not the bank’s. Even applicants with strong credentials benefit from exploring all options through a broker.
Many clients stick with their mortgage broker for future financial assistance, including refinancing, personal or car loans, and investment property purchases. Reputable brokers often receive second and third generation customers based on referrals, demonstrating the value of high-quality service and positive outcomes.

When To Speak To A Mortgage Broker

Many people make the mistake of assuming that the right time to speak to a mortgage broker is right before they are ready to purchase a home. In reality, their services apply to a wide variety of financial circumstances, with just a handful including the following.

How To Choose A Brisbane Mortgage Broker

Mortgage brokers, often small businesses, offer hands-on service. Reputable brokers are often found through referrals and community involvement. A Brisbane broker should possess in-depth local real estate market knowledge. While not property advisors, a personal property portfolio suggests they understand the market firsthand.

When weighing up your options on mortgage brokers in your area, be sure to ask the mortgage broker the following questions:

Are you a member of the Mortgage Finance Association of Australia (MFAA) or Finance Brokers Association of Australia (FBAA)?

Do you have your own Credit Licence or are you a Credit Representative?

Do you have any public testimonials or reviews that I can see about your business?

Do you charge a brokerage fee for getting my finance approved?

Looking at my finances, how much will I be able to comfortably borrow?

Based on my borrowing capacity, how much can I expect for my monthly repayments?

Am I eligible for any Federal or State Government assistance and how do I apply?

What is the minimum deposit required?

How long will it take to get a pre-approval to start house hunting?

Based on my situation, what do you think is the most suitable loan type or structure for me?

What interest rate can you offer me?

Are there any ways I could achieve a better interest rate?

Will I need Lender’s Mortgage Insurance (LMI)?

Can you outline what other costs or fees that I need to budget for?

Why are you recommending a specific loan product?

Is there anything else I should be doing to put myself in a good position to get my loan approved?

Ensure your Brisbane mortgage broker’s reputation matches their claims. Check online reviews, social media, and word-of-mouth recommendations. A good website with helpful blogs, market insights, and free resources indicates a broker who values customer experience and community engagement.

Five Common Questions about Mortgage Brokers

Despite the lucrative benefits that partnering with a mortgage broker offers, some people still stick to their primary bank, and what they know. To help provide answers on some common queries linked to working with a mortgage broker for the first time, we’ve covered a few of the standard FAQs.

Many mortgage brokers operate as small businesses or contractors, and earn their income from the commissions they receive from the lenders. The commissions or fees they receive from the lenders will vary depending on the lender, and the commissions themselves are based on a percentage of the loan amount.


As a general rule, brokers are paid between 0.33% and 0.85% of the loan amount as an up front incentive, and an ongoing incentive of 0% to 0.285% of the loan balance per annum. Most lenders pay 0.65% for upfront commissions and 0.15% for trials, GST excluded. While the service is therefore free to the customer, don’t be afraid to ask for transparency and why your broker is recommending a certain product.

Recommendation 1.2 of the Royal Commission into Misconduct in the Banking,
Superannuation and Financial Services Industry recommended that mortgage brokers be
required to act in the best interests of the consumer, where a breach of this duty should be
subject to a civil penalty. In line with new legislation, mortgage brokers are legally bound to
only recommend financial products that are in the best interests of an applicant.


In addition, it’s worth doing your research to ensure that a mortgage broker truly is an
independent operator with no allegiances or preferences tied to a big bank. As an example,
did you know what Aussie Home Loans is owned by the Commonwealth Bank? Or what about
Mortgage Choice, which is listed on the Australian Securities Exchange (ASX) with several
major banks as shareholders? In the world of finance, knowledge is power.

Finance clauses in a contract of sale can be one of the biggest hurdles that stands between
you and your dream home. Thankfully, obtaining the all important pre-approval for a home
loan is well within the control of a buyer, and is a process that’s almost always recommended
in the current property landscape.


For wannabe buyers who are unfamiliar with the concept, pre-approved finance – otherwise
known as a pre-approval or a conditional approval for a home loan – is mutual
understanding between a lender and a borrower. A pre approval is when the lender indicates
that they are willing to lend the borrower up to a certain amount of money to fund the
purchase of a property, ensuring that buyers have the capacity to make offers with
confidence. Once granted, a pre-approval is usually valid for three months.

Pre approvals can take anywhere between a couple of days and several weeks to generate
an outcome. As a general rule, the more complex your finances are, and the busier your
chosen bank or lender is, the longer the process will take. It can also depend on your broker’s
relationship with the lenders, and their processes and procedures as a business. If
your application is incomplete, or your lender requires additional information about your
financial position, then the process could take longer while the extra paperwork is processed.


Although each bank has a slightly different application process and relevant criteria that
needs to be met, most will generally need to see documentation such as photo identification,
bank statements, proof of savings, lists of assets and existing debts, proof of income, and a
breakdown of your current living expenses. As they can compare multiple lending providers,
mortgage brokers are able to help steer you in the right direction and ‘package’ your
application to a loan product that best meets your needs.

Unfortunately, there are a lot of things that will stop an applicant from getting approved for a
home loan. Just a handful of the most common reasons for a decline include not having a big
enough deposit, not being able to prove genuine savings, having a poor credit score, if you
want to borrow too much money, you don’t have a stable enough income, your living
expenses are too high, or even the fact that you’ve applied with the wrong type of lender.


Thankfully, working with a reputable mortgage broker can help an applicant to avoid all of
these things, especially when the partnership starts many months before an application is
submitted. A mortgage broker may help the customer to explore options for lower deposits
such as guarantor loans, how to improve their credit score, or advising ways to present their
application in the best possible light with a lender that best fits their position, particularly for
those that are self employed.

Brisbane Mortgage Broker Market Experts

Celebrating 10 years, Brisbane's Madd Loans has helped over 3,000 customers achieve financial freedom. Through workshops, blogs, and videos, they simplify finance and offer diverse loan products, including low deposit and guarantor loans. With a 98% approval rating, Madd Loans focuses on the entire financial journey, helping clients realize their dreams.
Costa Demetriou
Mortgage Broker

Brisbane Mortgage Broker Market Experts

Celebrating 10 years, Brisbane's Madd Loans has helped over 3,000 customers achieve financial freedom. Through workshops, blogs, and videos, they simplify finance and offer diverse loan products, including low deposit and guarantor loans. With a 98% approval rating, Madd Loans focuses on the entire financial journey, helping clients realize their dreams.
Costa Demetriou
Mortgage Broker

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