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LOAN INSIGHTS / Home buying

Your first broker conversation: come prepared

A little preparation can make the discussion more useful.

Know your goals

Think about your purchase plans, comfortable repayments and features you value. Separate essentials from nice-to-haves.

Ask how the service works

Ask which lenders the broker can access, how they are paid and whether fees apply.

Ask about the options

Request an explanation of the proposed loans, their costs and why they suit your needs.

Take time to understand

Ask questions before making a decision. A conversation helps you explore options; it is not a loan approval.

Source: ASIC Moneysmart — Using a mortgage broker

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