Mortgage Broker

A licensed intermediary who compares loans across multiple lenders on your behalf.

A mortgage broker is a licensed credit-services provider who acts as your intermediary with lenders — typically across a panel of 20 to 60 lenders. Brokers are usually paid commission by the lender, not the borrower, and are subject to a best-interests duty under Australian credit law (since 1 January 2021). They handle the application paperwork, packaging and negotiation.