Do mortgage brokers charge fees?

We are paid by the banks for introducing loan applications and for doing some of the work that would otherwise be completed by one of their staff.

As a result we do not need to charge a fee for most loans. The lenders will not charge you a higher interest rate via a mortgage broker. In fact, we can usually negotiate a competitive discount for larger loans.

It is unlikely that we will charge any fees if:

  • Your loan is over $300,000,
  • Your situation is not complex, and
  • You are keeping the loan for over two years.

Please call us on 1300 889 743 if you have any questions about our fees.

If we can’t help you

If either we decline to take on your loan or the lender we choose declines the loan then there are no fees for our services.


Fees for additional services

There are some fees that will only apply in some situations. Our mortgage brokers will inform you if you will be charged one of these fees.

Prepare to buy program

If you are not ready to apply for a mortgage yet but you would like to know what you need to do to be eligible for a loan then we can complete a prepare to buy assessment. We charge $300 for this service but this fee is then refunded to you when you obtain a loan through us later on.

Complex or small loans

If your loan is exceptionally complex or is under $300,000 then we will charge a fee for our services. Please ask one of our mortgage brokers for a quote for your situation.

Commercial loans

Commercial property and business loans require more experience and involve more work than a standard residential loan. We may charge a brokerage fee and/or a commitment fee depending on the type of finance you are applying for. Please ask one of our mortgage brokers for a quote for your loan.

Waived fees

All of the above mentioned fees (excluding the short term loan fee) are normally waived if you are:

  • An existing customer of ours
  • Have been referred to us by an existing customer
  • A friend or family member of one of our staff members.

Why do we have these fees?

With the current level of reduced incentives paid by banks to mortgage brokers it is not possible for us to remain a viable business and to offer a high level of service to our customers if we do not charge a fee for unprofitable loans (smaller loans, complex loans and short term loans).

Would you like to know more?

Please do not hesitate to call us on 1300 889 743 if you have a question about our fee structure or to understand what is a mortgage broker and how we can help you. As you can see for most loans there are no brokerage fees.

Why use us?

We aim to set an example by delivering what we promise: a higher level of service, better advice and better home loans.

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Australia-wide services

We finance properties anywhere in Australia for people anywhere in the world.

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Get incredible interest rates

Our relationships with our panel of lenders allow us to negotiate your interest rate.

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We get tough loans approved

We can help you navigate the often complex pre-approval and application process.

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How we find you the right solution

We get a complete understanding of where you’re at and what your ultimate goals are.
You’ll get a recommendation in just a few simple steps.

free assessment
1

Complete our free assessment form or call us.

situation
2

We assess your situation.

options
3

We look at all the options from our panel of lenders.

suitable home loan deals
4

We will find you the most suitable home loan deals.

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Facts
about us

50+

lenders on
our panel

$4B+

lent Australia-wide
and counting

Westpac
ANZ
Nab
AMP
Qudos
Firstmac
Common Wealth
St George
ING
Homeloans
Macquire
Suncorp
Pepper Money
Me Bank
Bankwest
75%

of our borrowers get
approved with a major bank

95%

of our borrowers get a discount
below the bank standard variable rate