A mortgage broker can compare loan options from multiple lenders, while a bank only offers its own products. Using a broker can save time and provide access to a wider range of loan structures. The right option depends on your situation, but many borrowers use brokers for choice and guidance.

How much you can borrow depends on your income, expenses, existing debts, credit history, and lender criteria. Most lenders also apply buffers to ensure repayments remain affordable if interest rates rise. A broker can assess borrowing capacity across different lenders

Speaking to a mortgage broker does not affect your credit score. Your credit file is only impacted when a formal loan application is submitted to a lender. Brokers can assess options without lodging applications.

In most cases, mortgage brokers do not charge clients directly for standard home loans. Brokers are typically paid a commission by the lender once a loan settles. Any fees are disclosed upfront if applicable

The process usually starts with a discussion about your goals and financial position. A broker then compares suitable lenders, submits the application, and manages the process through to settlement. You deal with one point of contact throughout

Mortgage brokers in Australia are typically paid a commission by the lender once a loan settles. In most cases, clients do not pay an upfront fee for standard home loans. Any fees are disclosed clearly if applicable.