One common question we get: “Do I have to pay for a mortgage broker?” The answer: In most cases, no. Mortgage brokers in Australia are paid by lenders through an upfront commission and a small trailing commission based on the life of your loan.
This means our service is usually free to you, the borrower. More importantly, a good broker isn’t influenced by how much commission a lender pays—they’re focused on what works best for you. Regulations require brokers to act in your best interests, and at Elite Finance Melbourne, that principle guides every recommendation we make.
We also disclose all commission structures transparently, so you can make informed decisions. Our goal is to build long-term relationships, not short-term wins.
It’s also important to understand that brokers only get paid when your loan settles, which motivates them to help you succeed. But an ethical broker won’t push you into something that isn’t right. We always put your loan goals first—whether that means negotiating a better deal with your existing bank or switching lenders altogether. Transparency and trust are the foundation of our service.
