Firstly, not all Mortgage Brokers are paid the same way and each Lender can pay at varying rates.
Mortgage Brokers ae generally paid a commission from the lender upon settlement of you loan and can receive an ongoing payment whilst your loan remains with the lender. Some will also charge a fee for their service.
At Mortgage Choice we are "paid the same", meaning we get the same commission no matter which lender/product you choose - a policy that I totally agree with.
The industry is currently going through a wrath of changes, including a review of how commissions are paid are how this can affect the end user. I believe our "Paid the Same" policy is a great platform that others should follow.
We take a personal approach as everyone will have a different situation, will be after a different outcome, want a different property and/or loan - No Two Sceanrio's are the same.
If you would like a personal approach to your home loan needs, then contact Mortgage Choice today.
Our Wodonga team looks forward to hearing from you soon
To find out more - contact us at Suite 2, 10-12 High St Wodonga or call 02 6056 4433.