For most loans we charge absolutely NO FEES!
Please contact us for more information.

If your loan is declined:

If either we decline to take on your loan or the lender we choose declines the loan then there are no fees payable by you, UNLESS...

you have a problem with your credit history that you did not tell us about, or

provided us with false or misleading information,

then we will charge you a fee of $2,500.

If you get pre-approved and do not proceed:

If we have successfully obtained a pre-approval for you and then you do not buy a property before the pre-approval expires, then we will charge you a fee of $1,100. This will be credited to you if you obtain a loan with us in the future.

If you withdraw your application:

If you have signed our exclusive brokerage agreement and then decide to withdraw your loan application or not to proceed with a loan using our services then we will charge you a fee of $1,100.

If you are using other brokers or lenders:

We work on an exclusive basis only. If we find out that you have applied for a loan with another mortgage broker or lender whilst using our services then we will charge you a fee of $2,500. Working with multiple lenders at the same time damages your credit history and can greatly reduce our chances of obtaining your loan approval.

If your credit history is not clear:

If you have a default / judgement / court writ / or bankruptcy listing on your (or your company/s) credit file that you did not tell us about then we will charge you a fee of $550. If you are unsure then let us know and we will do a credit check for you at cost.

If you provide us with false information:

If you provide us with any false or misleading information we will charge you a fee of $2,500.

If your loan is under $300,000:

For Home Loans under $300,000 we charge a brokerage fee as fair and adequate compensation for the professional work and advice we give our clients.

Loans between $50,000 & $199,999: $1,650 brokerage fee.
Loans between $200,000 & $299,999: $1,100 brokerage fee.

This fee is payable when your loan is advanced.

If you repay the loan within 24 months of settlement:

If you repay the loan in the first 24 months after settlement then the lender may charge us a fee known as clawback because we have introduced an unprofitable loan. Clawback can be up to 1.1% of the loan amount in the first year or 0.55% of the loan amount in the second year. If we are charged this fee then we will in turn charge this to you.

Would you like to know more?

Please don’t hesitate to contact our mortgage brokers if you have a question about our fee structure. As you can see for most loans there are no brokerage fees.

For most loans we charge absolutely NO FEES! Please contact us for more information.