A mortgage broker in Australia acts as an intermediary between borrowers and lenders, helping individuals and businesses find suitable home loan products. They compare various loan options from different banks and financial institutions, tailoring recommendations based on the borrower’s financial situation and goals. Mortgage brokers often simplify the process by managing paperwork, negotiating with lenders, and providing guidance throughout the loan application. In Australia, they are regulated by the Australian Securities and Investments Commission (ASIC) and must hold an Australian Credit License or work as representatives of licensed credit holders.
