No Fees

We do not charge a fee for our services.

How do we get paid?

When we arrange a loan for you we will be paid by the lender you choose.

This is not a cost you pay and will not increase your fees or your interest rate.

How much commission your chosen lender pays will be detailed in the credit proposal you receive from us before we start a loan application. This way you know upfront what is being paid by the lender for arranging your loan.

If you change lender or pay the loan out 6 months later we will have to return all of the money we received for arranging your loan so it is definitely in our best interest to make sure we get it right the first time.

If we work together but that does not result in us completing a loan application we will receive no payment for our services.

A happy family together on the lounge in their new home after arranging a mortgage through a broker with no fees

Upfront Commission

Most lenders pay an upfront commission of around 0.66% of the loan amount.

On a $400,000 loan, the upfront commission would typically be around $2,640.

The upfront commission is usually paid around a month after your loan has settled.

Trail Commission

Most lenders pay a monthly trail commission of around 0.16% of the loan amount.

On a $400,000 loan, the monthly trail commission would typically be around $53.

The trail commission is usually paid each month after the loan has settled.

When you repay or refinance your loan this trail commission will stop being paid.

Most lenders will also stop paying trail commission if you fall behind on your repayments.