The value of mortgage broking

The Mortgage Broking Industry Group1 (MBIG) has launched The Value of Mortgage Broking, a report by Deloitte Access Economics.

Check out the infographic below for a snapshot of some of the advantages and considerations or read the full report here.

But before you do, please also consider that over the past 30 years Mortgage Brokers have contributed to the fall in net interest margin for banks of over 3 percentage points2.
That’s a big saving on a 30-year loan!

1. The Mortgage Broking Industry Group (MBIG) comprises AFG, Astute Financial, Aussie, Choice Aggregation, Connective, FAST, Finance Brokers Association of Australia, Loan Market, Mortgage & Finance Association of Australia, Mortgage Choice, National Mortgage Brokers, PLAN Australia and Smartline

2. Based on an interest rate fall from 7% to 4% per annum on a 30-year loan.

Sources:

AFG  November 2018

Deloite July 2018

2018-11-27T14:25:48+00:00November 27th, 2018|Categories: Finance Articles|Tags: , |