How Platinum Mortgage Brokers Work?
As a trusted mortgage broker in Batemans Bay, Platinum Mortgage Brokers bridge the gap between loan providers and borrowers, and we are committed to providing you with honest and valuable information and credit services.
Our mortgage brokers are licensed professionals who serve as intermediaries between borrowers and lenders to help individuals find the most suitable loan products according to their preferences and needs. We do this through our extensive knowledge in the mortgage industry, great resources, and wide networks.
When you come to us, our team of brokers will research, assess, and arrange various mortgage products and make recommendations according to your circumstances.
What Services Can Platinum Mortgage Brokers Provide?
Platinum Mortgage Brokers can help you with the following services:
Mortgage Loan Products Recommendation
Take Charge of the Paperwork
How Are We Paid?
Platinum Mortgage Brokers don’t charge a fee for our services. We make money through a commission from lenders. The amount and the structure of the commission will vary depending on the size of the loan and the policies of the lender.
Usually, we receive an upfront commission from a lender, which could vary between 0.5% and 0.7% of the total loan amount. For example, for a $450,000 home loan, a 0.5% commission is equal to $2,250 as our commission.
On the other hand, some lenders pay us trailing commission, which is calculated according to the remaining loan amount every year. The ongoing trailing commission is between 0.1% and 0.2% of the outstanding value of the property.
However, this doesn’t mean that you are paying higher fees when you work with us. Banks charge the same retail rate to borrowers regardless of which ‘channel’ they choose to use ie; a branch, a broker or a mobile lender. The benefit of using Platinum Mortgage Brokers is that because we offer access to dozens of lenders at once, you may end up saving money compared to when you directly apply to a bank.