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Why choose Mortgage Choice

Buying a home is the biggest financial decision you will ever make. As such, it is important to work with a mortgage broker you can trust.


Buying a home is the biggest financial decision you will ever make. As such, it is important to work with a mortgage broker you can trust.

Since the inception of mortgage broking in the late 1980s, the industry has grown significantly. Today, there are more than 10,000 mortgage brokers in operation across Australia.

Most of these brokers belong to a specific aggregator or company, like Mortgage Choice.

But, with so many mortgage brokers in operation, it can be difficult to find one broker to partner with.

So, how do you choose the right broker for you and your needs?

In the first instance, you should do your research and see which brokers are operating in your local area.

Once you have narrowed down your list of options, you should take the time to research each broker or company and find out what their key point of difference is in the market place.

At Mortgage Choice, our fundamental point of difference is the way our brokers are remunerated.

In a nutshell, our brokers are ‘paid the same rate of commission' regardless of which lender you – the borrower – chooses.

This remuneration method is something we call ‘paid the same'. Of course, to understand how our ‘paid the same' initiative works, we need to take a few steps back and start from the beginning.

As you may know, you do not pay your mortgage broker for the service they provide, the bank does.

Once you have chosen your preferred lender and home loan product, your broker will submit a mortgage application to your preferred lender.

After your application has been approved and your property purchase has been settled, your bank will pay your broker a commission for submitting and setting up the loan.

Today, most lenders pay different rates of commission. In other words, Lender A will pay a broker more money than Lender B. As such, you may assume your broker could present the lender that pays more commission as being a ‘better home loan option' for you.

At Mortgage Choice, this doesn't happen.
Our brokers are paid the same rate of commission, regardless of which lender you choose. So, you can rest easy in the knowledge that your Mortgage Choice broker is always acting in your best interests and will find you the right loan for your needs.

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