What we’ll do for you.
From understanding your goals to settlement and beyond, here is how we'll work goether.
Why use a mortgage broker?
Simply put, a mortgage broker’s job is to find you the right loan for your situation and make sure that you continue to have the right loan as your goals and situation change over time.
What makes us different?
| Pivotal Financial Solutions | Banks & lenders | |
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Your own personal, non-bank affiliated home loan expert |
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Free for you1 |
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We work in your best interests (we’re not owned by a bank) |
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Fast turnaround times2 |
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Access to over 60+ banks and lenders in one place3 |
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Ongoing support and guidance once your loan has settled4 |
Get in touch with your local broker
Your local expert will be in touch soon
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Understand your goals
We’ll take the time to understand your unique situation and goals.
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Provide you with some options
We’ll do thorough research, provide you with a few loan options and help guide you through your decision.
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Get it sorted for you
Once you’ve selected your preferred loan we’ll do the legwork to get it lodged, approved and settled.
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Help you save
We’ll stay in touch to make sure that you still have the right loan as your situation changes (and try and save you money along the way!).
Access over 60 lenders in one place.
Do I have to pay to use a broker?
There are a lot of misconceptions that mortgage brokers charge hefty fees. Generally this is not the case. Typically a mortgage broker will be paid by the lender (ie no additional cost to you) in the following way:
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Mortgage brokers are paid an upfront commission and a trail payment:
- UPFRONT PAYMENT PAID TO ME BY THE LENDER, NOT BY YOU. A one-off payment called an upfront commission is usually between 0.65% to 0.7% of the loan amount (+gst). We do all the legwork to get your loan approved.
- TRAIL PAYMENT PAID TO ME BY THE LENDER, NOT BY YOU. ‘trail’ or ongoing commission is usually 0.15% p.a., based on the balance of your loan. We’ll be in regular contact with you to check in on your situation and make sure your loan continues to work hard for you, your changing situation and goals.
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How that plays out
Let’s say you choose to take out a $500,000 loan with Bank ABC.
I will be paid:
- An upfront commission of $3,250 (based on a 0.65% upfront payment rate)
- A trail payment of:
- $750 in the first year with a loan balance of $500,000
- $675 in the second year if your loan balance was $450,000
- $600 in the third year if your loan balance was $400,000
The trail payment will continue until you pay off your loan or your loan is changed. It will also cease if your loan ever enters in to default or arrears.