What is a Mortgage Broker?
A mortgage broker is a trusted professional who is an expert in lending, and offers a one-stop-shop for all your financial and lifestyle needs.
Whether it’s a home loan, personal loan, car loan or a commercial or business loan, a mortgage broker can guide you through the process. We’ll do the research, identify the most suitable loan option and find you the most appropriate outcome to suit your personal circumstances. A Loan Market mortgage broker works for you, not for the banks.
Why use a mortgage broker?
A mortgage broker goes through a rigorous accreditation process with every lender on their panel to offer their clients more choice.
Being a family-owned business, rather than being owned by a bank, Loan Market brokers have no allegiances with any of the 34 banks and lenders on their panel - we simply identify the most appropriate lenders and loan products for each individual we work with.
How does a mortgage get paid?
One of the biggest misconceptions among Australians is that a mortgage broker will charge for their time. In fact, for a customer, working with a mortgage broker won’t cost a cent because we get paid by the lender you choose to take your loan out with.
When you’re ready to sign your loan documents, we will disclose how much your lender is paying us, but there is no charge to you. Even if you go through the process and decide you’re not yet ready to take out a loan, you won’t be charged for the time you spent with your mortgage broker.