Upon successful settlement of the loan, the applicable bank or lending institution will pay us. Hence, our credit and structure advice to you is at no cost. Our goal is to help you find the best deal.
We are paid by the financial institution for introducing new business & for doing most of the administrative work that would otherwise have to be done by one of their own staff.
This outsourced approach is very effective and suits all parties. The banks win by getting new business and reducing staff costs. You, the client wins by gaining access to a mortgage broking professional who has access to many lenders and loan products and assistance with all paperwork that comes with it. And of course, the mortgage broker wins by getting paid by the bank to perform these tasks and services.
The commission that the lending institution pays us for preparing, referring, submitting, tracking and settling the finance is fully disclosed to you from the outset in a formal contract. We outline all arrangements and are happy to do so. The commission that we receive from the bank/lending institution, does not cost you anything and does not result in you paying higher rates of interest. In fact, it is quite the opposite as in many cases, due to our “buying power”, we are able to provide you with lower interest rates than what you can obtain by going direct to the bank.
Any recommendations made by us are based on your needs and the most suitable product and lender. We want to build lasting relationships with our clients and are focused on your best interests.