Find a fair mortgage broker, who works for you, not the bank !

There is no upfront cost associated with FairBroker platform. The customer has the choice to get 100% of the commission earned by mortgage broker by opting for one of the 'Fee for Service' plans. In 'Free' plan, the mortgage broker can choose either to share or not share commission earned.

Most of the brokers are affiliated to an aggregator. An aggregator is a software provider who funnels mortgage brokers application to a few lenders who are registered with the aggregator. There is not a single aggregator in Australia who has all the lenders and their products on their panel. Even if an aggregator claims to have 35 lenders on their panel, the mortgage broker may not have accreditation to process mortgage applications with all the 35 lenders. As a standard guideline, Mortgage brokers are not affiliated with more than one aggregator. These restrictions limit the mortgage brokers ability to get you the best deal because they do not have access to all the products from all the lenders in Australia. You must ask 3 questions to your mortgage broker. Productivity Commission has found some disturbing facts. Productivity Commission has found that incentives offered by mortgage providers to mortgage brokers have resulted in certain mortgage products being recommended even when the mortgage product is not suitable for consumer situation. Read more on our blog to find out if a mortgage broker can get the best mortgage deal.

The websites/portals compare only the mortgage products from lenders who pay them. They do not perform a comprehensive analysis of customer's needs before recommending a mortgage product from the limited set of mortgage products on their website. As a result, the rate you see in comparison result before applying will change when final approval is given. Additionally, they require you to submit an application for each lender. The lender will assess your application and check credit score before finalising the rate that they can offer, which is different from the rate that they showed you when you applied.Read more on our blog to find out how to get unbiased mortgage advice.

No. Credit score is impacted when repeated credit check is performed. We do not perform credit check nor allow mortgage brokers to perform credit check on you. Once you select a deal offer, it is upto the lender to follow their procedure and they may perform a credit check after obtaining consent from you. Read more on our blog to find out if credit score is impacted when mortgage shopping

The borrowing capacity and the interest rate that a lender can offer is dependent on the risk involved in lending. A mortgage broker will be able to make informed risk assessment and decision by looking at your information and provide competitive deal offers. Providing more and accurate information in the deal request will enable mortgage broker to understand your situation better and provide competitive deal offers. Read more on our blog to understand how who can see your personal information and how FairBroker® maintains your personal information.

Yes. Please be assured that your information is secure with us and we comply with all the rules of the land. Your name and contact details are visible to a mortgage broker only after a deal offer given by a mortgage broker is accepted by you.

There is the minimum information that we need before we publish your deal request. As long as you have the minimum information required, you can request a deal. Please note, the more information you provide, the mortgage broker will be able to better match the offer to your situation.

The best way to find an answer to your question is to create a deal request. On FairBroker® platform you always get you the best mortgage deal available in the market that matches your situation.

Yes! On FairBroker® platform, there are mortgage brokers who specialise in offering best mortgage deals to sole traders. Create a deal request on FairBroker® platform and find the best mortgage deal.

Mortgage brokers get paid by the lenders for selling their mortgage products. Mortgage brokers are always interested in increasing their business volume and keen to sell their service. FairBroker® platform provides the mortgage brokers with a level playing field to compete with other mortgage brokers and an opportunity to increase their business. Read more on our blog to understand how FairBroker® platform helps you find the best mortgage deal.

FairBroker® is unbiased and an open platform where every single mortgage broker on the platform gets equal opportunity to sell their offering to interested customers. We do not charge a fee to Mortgage Broker to access FairBroker® platform to ensure you can trust us to be unbiased. Since we do not charge a fee any mortgage broker who has access to best mortgage deal can come on FairBroker® platform and offer the best mortgage deal.

No. We are not a mortgage broker. We aim to create a level playing field for all mortgage brokers and finance products to enable consumers to choose the best of the lot. We are a technology company that has created a marketplace for consumers to find the best mortgage through competing mortgage brokers. When you create a Deal Request on FairBroker and accept Deal, you will work directly with the mortgage broker who offered the Deal. Read more on our blog to understand how FairBroker® platform helps you find the best mortgage deal.

Once a deal offer is accepted, we will share your contact information with the mortgage broker whose deal offer you have accepted. The mortgage broker will then contact you to collect documentary evidence and sign deal documents.

This is a rare circumstance.This can happen in the following situation:

• You cannot provide documentation evidence to support information provided in your deal request
• Any change in macro economic scenario or a change in lending criteria by lenders

Absolutely! FairBroker® platform's role is to ensure you found the best mortgage broker who can offer you the best mortgage deal. You can negotiate further with the shortlisted mortgage broker to get a better deal. We doubt the occurrence of such a situation unless you have not provided enough information in your deal request. A mortgage broker would have offered the best deal looking at the information available in your deal request. If you have not provided enough information in the deal request, you may be losing out.