With thousands of people out of work because of the pandemic, many are becoming interested in becoming a mortgage broker in Australia.
Mortgage brokers provide professional broking advice to people or businesses with their property needs. After all, mortgage brokers in Australia earn a decent annual pay of $142,000 on the average, according to the Mortgage & Finance Association of Australia (MFAA).
As many families and businesses are looking at buying properties each year, the need for mortgage brokers remains constant if not increasing. This has led to the dramatic increase in interest among the population on how to become a professional finance advisor.
How to become a mortgage broker?
Becoming a mortgage broker is not only an ideal career at this high time of uncertainties, but is also a very attractive and useful career in the years to come. Hence, the peak in interest in this career over the past months is very understandable.
Many new people to the industry will require a supervisor or someone to sponsor them into the industry. as they need good mentorship around best practices regarding compliance, Best Interest Duty (BID) advice and an understanding of their responsibilities to those who need finance and mortgage broking services.
What does a broker do?
Mortgage brokers help individuals and families achieve their dreams of owning a house. They provide professional assistance from assessment of eligibility to post-approval documentation.
Participating in creating homes and in some cases wealth and the contribution to society through better families is a very real goal for many mortgage brokers. Having been in the industry for more than 20 years has shown this to be the case on numerous occasions.
Working within a company who can train the customer service, satisfaction and the sense of reward and achievement in many cases came second-to-none.
As with all professional services industries the training has been so far requiring a diploma and finance which most people are capable of achieving.
Unlike many financial planners now, which ill require a full degree from university to become a financial planner, they are deeply restricted by what they can offer as independent advice. This is a very good choice for those wishing to enter the industry.
Are you looking at buying a property anytime soon? Talking to a seasoned broker will enable you to get the most competitive rate in the market. Start today by talking to our experienced brokers who are knowledgeable in different loan products, especially owner builder loans. Give us a call today at 1300 55 10 45 or send us a message to start your journey.