Townsville · QLD
About Mortgage Broker Townsville
We arrange residential home loans for people buying, building, investing and refinancing in Townsville. That is the whole business, because we do not sell insurance, we do not manage investments, and we do not charge you a fee.
We work out what you can borrow, which schemes apply to you, and which lender is most likely to approve you, then we prepare and manage the application through to settlement. The figure is modelled the way the lender will test it, not the way an online calculator does.
How We Get Paid
The lender pays us a commission when your loan settles. There is no fee to you in a standard residential loan, no charge for the first conversation, and no charge if we do the work and you decide not to proceed. If a situation ever called for a fee, which is rare and generally only in complex commercial matters we would more likely refer on, you would be told the amount in writing before any work started, not after.
Commission rates differ slightly between lenders, and we understand why people ask about that. It is why the obligation below exists, and why we are happy to explain the reasoning behind any recommendation we make.
What Acting In Your Best Interests Means
Mortgage brokers operate under a Best Interests Duty. In practice it means we cannot recommend a loan simply because it suits us, and where two options are comparable for you, we cannot choose the one that pays more. It also means recommending that you do nothing when that is the right answer.
That comes up more than you would think. We regularly tell people not to refinance because break costs would swallow the benefit, that their existing lender will likely match a rival offer if asked, or that a DHOAS subsidy is worth less to them than a cheaper loan off the panel. None of those outcomes pay us anything. They are still the correct advice.
What We Will Not Do
We will not quote you an interest rate on this website. Any rate published without its comparison rate and full conditions is close to meaningless, and it changes between the day it is written and the day you read it. We will give you real numbers on your actual situation, in writing, when we know enough about you for them to mean something.
We will not tell you that approval is guaranteed, because no broker controls a lender’s credit decision. We will tell you honestly how likely we think it is and what would change the answer.
Talk To a Mortgage Broker in Townsville
Call (07) 4463 8031 or use the form below. Whether you are at the point of comparing lenders or still working out what is possible, it costs you nothing to ask.
Get Your Borrowing Capacity Checked
Tell us what you are trying to do and we will take it from there.