There is such a large variety of home mortgage loans out there. We have over 1000 loan products on our panel alone!  So which one do you pick?

You need to first figure out what it is you are trying to achieve.  Are you a first home buyer?  Is the loan for construction?  Are you purchasing an investment property, or maybe a business?  I could write a whole article on the questions alone!  When you start to think about these questions, you are starting the process of Loan Strategy.  This is where you look beyond the glossy sales brochures of the big banks.  By clearly defining the purpose of the loan, you can now clearly define what your loan needs to achieve.  More often than not, it is the policy behind the product (the bit that the bank won’t tell you) that will dictate what they can achieve and how smooth the process to settlement will be!   This is where the Mortgage Broker becomes a valuable tool in your tool kit when considering all the different home mortgage loans available.  You should always use a reputable broker who is licensed under ASIC, a member of an industry body for industry best practice and should also be a member of an External Dispute Resolution Group (such as the Credit Ombudsman or COSL).  Your broker should also be very comfortable with complex structures.The reason for this is that you can have faith in the fact that your broker mentality is solutions based rather that commissions based i.e. they will work for you rather than themselves.