Why is our home loan service no cost to you?

September 14, 2015
Melissa McDougall

One of the questions we're often asked is: "If the service is at no cost, how do Mortgage Choice brokers make money?"

We can offer our home loan service at no charge because the lenders pay us a commission on home loan settlement, so you can tap into our mortgage brokers’ wealth of home loan expertise and save yourself a lot of legwork at no cost to you.

The commission earned by our brokers doesn't affect the deal you’ll get from the lender. Lenders receive a significant amount of business through the mortgage broker channel, so it's in their best interest to work closely with brokers and offer competitive home loan deals to their customers.


How it works

No cost 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. This doesn't affect the deal you get from the lender.

We pay your broker

Mortgage Choice then pays a commission to the broker. At Mortgage Choice, the only thing that matters to us is the home loan that's right for you. So we pay your broker the same rate of commission no matter which home loan you choose from our wide choice of lenders.

The right loan for you

This means you can tap into your broker's expertise at no charge and save yourself time and hassle looking for the right home loan option.

Expert advice

Small things can make a big difference when you're choosing a home loan. A Mortgage Choice expert can cut through the jargon to help you find the option that's right for you. Why not talk to us today? Call our office on (03) 9748 7999 to speak with one of our experienced mortgage brokers.

Posted in: Home loans

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