Refinancing and debt help: How brokers support borrowers in volatile markets
On this episode of The Smart Property Investment Show, host Phil Tarrant marks a decade of guiding investors through market shifts, joined by the Mortgage & Finance Association of Australia CEO, Anja Pannek, to discuss the vital role of mortgage broking.
The discussion focuses on the vital role of mortgage brokers in Australia, particularly in the evolving property market, including challenges such as COVID-19 and shifts in mortgage regulation.
Mortgage brokers now handle nearly 77 per cent of loans, up from 50 per cent in 2010, thanks to their consumer-first approach and stringent regulation.
Brokers provide essential services, such as refinancing, debt consolidation, and financial guidance, particularly during periods of fluctuating interest rates.
Despite media misconceptions, mortgage brokers boost competition and choice, benefiting borrowers; with market share expected to surpass 80 per cent, they remain essential partners offering personalised support and lender access.
The duo encourages investors and aspiring brokers alike to leverage their expertise to navigate the complex mortgage landscape confidently.
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