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416 fixed vs variable, redraw vs offset, commercial loans, preparing to meet a broker + more (Q&A with a mortgage broker)

Dev Raga Personal Finance

CHAPTER

Qualifications and Accreditation for Mortgage Brokers

The chapter explores the qualifications needed to become a mortgage broker, discussing the diploma and apprenticeship requirements, as well as the accreditation process with governing bodies like FB-A and MF-AA. It compares the accreditation process for brokers to that of healthcare workers and highlights the increasing trend of people choosing brokers over local banks for mortgage assistance. The chapter also touches on the benefits of consulting with a mortgage broker, the preparation required for meetings, and the use of online platforms for consultations.

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