FAQs

By going to a bank you will never really know if you got the best options as they will only offer you their own product. When you use a broker they provide you with a choice of loan types that include the most competitive loans available in the market. The best deal today may not be the best deal tomorrow. We receive daily updates from all the lenders notifying us of special deals, market updates and credit policy changes so we are well placed to provide you with the most competitive options.

We also take care of all the paper work and liaise with your real estate agent and settlement agent to ensure your settlement occurs on time. Dealing with a broker saves your time, stress and money.

The lender pays the broker a commission for referring the deal to them however that payment will only be received by the broker after the loan settles.

We will be transparent in the choices we provide for you and will show you why one lender may be more suited to your individual needs and objectives. All commissions are clearly disclosed at the first appointment.

It’s actually you that makes that decision. The broker will show you a number of options with a variety of lenders and then discuss the product that seems to suit your needs the best, however the final decision is yours

Effective Mortgage Services are a proud member of the MFAA. This means we have several years experience in broking, meet educational requirements, abide by the MFAA code of conduct and undergo ongoing professional development. MFAA members are known for their experience, passion and integrity within the finance industry.

All of our mortgage brokers have an Australia wide license granted by ASIC and they all carry Professional Indemnity Insurance. They are also members of the Mortgage & Finance Association of Australia and the Credit Ombudsman Scheme Ltd.

Yes. Simply contact us and we will then get in touch and arrange a time suitable to you. We operate outside regular business hours, so it’s ok to call on the weekend.

There is no short answer, it varies depending on the complexity of your financial requirements. The process starts with the broker listening to your objectives and your financial position, then we discuss some options with you, and finally make a recommendation regarding products and lenders. It could take as little as 45 minutes but possibly an hour and half.