Most of our clients do not pay any fees to us – our service is free.
When do we not charge a fee?
All of our fees (excluding early repayment fees) are waived if
- You are an existing client
- We refuse to take on your loan or
- If the lender declines your loan
Early repayment fees
Lenders generally pay us up to 0.77% of the loan amount as commission for facilitating the loan and introducing clients to them. If you repay the loan within the first 24 months, lenders will clawback the commission paid to us. It is usually 100% in the first year and up to 50% in the second year.
If you decide to repay the loan within the first two years or change lenders and we get clawed back, then we will pass on this charge to you. If you think this may be a problem, please let us know upfront and we may be able to choose a lender who does not claw back.
Plan for your future
If you would like a full assessment of your current situation to see if you can afford a loan, we are able to help you for a fee of $297. We go through a “plan for your future” assessment to help you prepare to buy a house in the near future.
Complex or small loans
If your loan is very complex or less than $200,000 then we will charge you a fee. Please contact us for a quote.
Why do we have these fees?
In order to remain a viable business and to cope with the diminishing level of commissions paid by banks, we sometimes have to charge the above fees.
If you would like to discuss any fees with us, please contact us on (03) 9005 3983.