How do we get paid?
We are able to offer most of our services at absolutely no charge to you. How is this possible, you ask?
Licensed mortgage brokers are paid by the banks to work on their behalf. On average, we receive 0.625% of the loan amount for arranging a successful loan settlement, and a trailing management fee of 0.15%pa on the balance thereafter. These professional fees are already built into the loan, which means the rate you’ll get from us is the same and often better than what you’d get by going direct to the lender.
In some cases, complex credit structures or applications involving multiple parties may incur a small credit advice fee. We are committed to transparency and will be upfront with you from the get-go about any potential fees or charges.We also disclose all information about payment, process, and fees on your personalised credit quote document.
Ready to get one of Melbourne best mortgage brokers in your corner?
Get in touch — we’d be happy to chat through your questions over a coffee. Our shout.
