How does $0 sound??
So how much it actually cost to use a broker? The short answer is and for the majority of brokers is nothing. We actually don’t charge you a fee.
The reason for this is the lenders actually pay us an upfront and a trail commission. The upfront commission is to arrange the loan with the lender for you. The trial commission is basically so that we can keep an ongoing maintenance on your loan and perform annual reviews for you. This is to ensure that you’re always in the right loan year on year. And if things change, we make sure that you change to the right product or you actually refinance to a better lender. Because the lenders pay us we don’t charge you.
One thing note is that the upfront commission that’s actually paid by the lenders can be clawed back. So they can actually take back the money if you decide to refinance to another lender. So for your benefit and in our interest, we will make sure that we continue to look after you and we do our best to keep in contact with you and make sure that the loans are correct for your particular situation so that you can reach your financial goals faster.
If you’d like to keep informed about these updates. Subscribe to our email list below and follow us on facebook.
Leave A Comment