FAQs

We answer your frequently asked questions about franchising and Mortgage Choice.


Franchising FAQs

Not at all, Mortgage Choice offers multiple revenue streams including: Home loans, asset finance, general insurance, and introductions to Mortgage Choice Financial Planning financial advisers.

As you progress in your career, you can diversify your revenue through small business lending and commercial loans.

Buying a franchise removes an enormous amount of the complexities usually associated with a start-up company as you benefit from the experience that has made the business model so successful. Beyond this, the franchise model is there to offer you real support with established systems, management advice, marketing assistance and ongoing training and development.

With Mortgage Choice you will also acquire all important lender relationships and access to essential industry accreditation.

Property buyers can save both time and money by speaking with Mortgage Choice brokers. Our brokers provide invaluable mortgage advice and an exceptionally high level of customer service. We offer our clients an extensive choice of loan products from more than 20 banks and lenders - whereas a bank only offers one small suite of product options.

This choice enables our brokers to compare hundreds of home loans to find one that really suits the customer's needs.

Not at all. Many franchisees work successfully from a home office or shared office space, and later move to a retail shopfront. Meeting spaces are a critical part of the customer experience, so we encourage franchise owners to move into an office with branded signage or a retail shopfront within three years.

Street presence can give your business a valuable boost and many franchisees say their business enjoys a significant leap forward when they move to a retail outlet.

A Mortgage Choice franchise is a full-time commitment but hours are flexible to fit your lifestyle. Many Mortgage Choice franchise owners choose to work from home rather than an office and find the time to take kids to school and pick them up again. Some choose to work longer hours in the evening or on weekends to catch up on administration work or hold customer appointments.

Mortgage Choice provides a range of marketing tools and templates to help you build a strong local presence, grow your customer database, source leads, find quality referral partners and, communicate effectively with your clients on a regular basis.

Our creative platform and centralised communications program offer outstanding benefits to our brokers across a national and local level. Are they the best in the industry? Yes. Mortgage Choice was awarded Broker Marketing Platform of the Year at The Australian Broking Awards 2017.

Additionally, our state-based teams include dedicated Franchise Marketing Managers available to help you develop and implement your own local marketing initiatives.

Yes. Successful franchisees can own multiple sites and we provide the systems and support to help you achieve your business goals.

The end-to-end franchisee recruitment process can take about 45 - 60 days from first conversation to opening up the franchise.

You’ll need qualifications / certifications, a great business plan (we’ll help you put one together), a laser focus on the customer and a tonne of enthusiasm for your new business.

You must have completed a Certificate IV in Finance & Mortgage Broking and Anti-Money Laundering accreditation. Within two years, you will need to complete a Diploma of Finance & Mortgage Broking Management.

Depending upon the location and whether you invest in a new or established franchise, the cost can range from approximately $15,000 to $45,000. Call our Franchise Recruitment Team on 1300 650 330 for details specific to your goals and to find out more about any incentives we have on offer.

All licence fees and start-up costs including training, marketing and administration fees are payable upfront.

There is a whole range of funding solutions available. Contact our Franchise Recruitment Team on 1300 650 330 to discover the option best suited to you.

Our home loan service is at no charge to our customers as the lenders pay Mortgage Choice a commission on home loan settlement. Mortgage Choice then pays a commission to the broker – the broker is paid the same rate of commission no matter which home loan the customer chooses from
our wide choice of lenders.

This helps to make sure our customers’ best interests are always at heart.

Contact Mortgage Choice Franchising today