Why should you use a mortgage broker?
A mortgage broker simplifies the loan process by offering access to multiple lenders, negotiating better rates, and providing expert, personalized advice. They save you time, help avoid pitfalls, and support you throughout the loan journey and beyond.
Advantages of using a mortgage broker:
- Access to multiple lenders – Brokers compare loan options from various lenders, giving you a better chance at finding competitive rates and terms.
- Expert advice – They simplify the complex mortgage process, guiding you on the loan structures and strategies to match your short- and long-term goals.
- Time-saving – Brokers handle the research, paperwork, and negotiations, saving you the hassle of applying to multiple lenders yourself.
- Tailored solutions – A broker assesses your financial situation and recommends loans specifically suited to your needs, whether you're a first-time homebuyer or a business owner.
- Support throughout the process – From pre-approval to settlement, brokers provide continuous updates and ensure everything runs smoothly.
- Better negotiation power – Brokers have established relationships with lenders and can negotiate better rates and terms on your behalf.
- Specialized loan access – They can connect you with niche products such as loans for self-employed individuals, SMSFs, or unique investment properties that may not be available directly from banks.
- Avoiding common pitfalls – With their expertise, brokers help you avoid costly mistakes, such as hidden fees, unfavorable loan terms, or unsuitable loan structures.
- Pre-approval readiness – Brokers ensure all your documentation is in order, making the pre-approval process faster and smoother.
- Ongoing relationship and support – Many brokers provide long-term support, advising on refinancing, debt restructuring, or new investments as your financial situation evolves.
Do I have to pay to use a broker?
There are a lot of misconceptions that mortgage brokers charge hefty fees. Generally, this is not the case. Typically a mortgage broker will be paid by the lender (i.e. no additional cost to you) in the following way:
UPFRONT PAYMENT PAID TO ME BY THE LENDER, NOT BY YOU.
A one-off payment called an upfront commission is usually between 0.65% to 0.7% of the loan amount (+gst). We do all the legwork to get your loan approved.
TRAIL PAYMENT PAID TO ME BY THE LENDER, NOT BY YOU.
‘Trail’ or ongoing commission is usually 0.15% p.a., based on the balance of your loan. We’ll be in regular contact with you to check in on your situation and make sure your loan continues to work hard for you, your changing situation and goals.
How that plays out
Let’s say you choose to take out a $500,000 loan with Bank ABC. Bank ABC pays me an upfront commission of $3,250 (+gst) and a trail commission of $$750 in the first year,$675 in the second year, $600 in the third year. The trail payment will continue until you pay off your loan or your loan is changed. It will also cease if your loan ever enters in to default or arrears.
Range of financial calculators
Check out our range of financial calculators below. Please contact us for more information and discuss your options tailored to your personal circumstances.
WHY CHOOSE US?
40-plus years of combined team experience
We take a personalized approach, listening to your unique needs and goals to provide expert advice that aligns with your financial objectives.
Integrated Offerings
Taking into account various complementary services such as conveyancing, real estate, insurance, financial planning and accounting. We deliver truly integrated and holistic solutions saving you time.
Strategy and Structure
With deep insight into finance strategy, we advise on structures to suit your short and long term goals and ensure you are educated around key finance terms such as “Lazy Equity”, “Negative Gearing”, “Positive Gearing” and more.
Finance Specialties
Residential Property, Commercial Property, Business/Commercial Construction Loans, Debt Restructuring, SMSF Finance, Self-Employed finance, Equipment finance, Car loans, Personal loans. Key expertise areas: First homeowner support (State and Federal Government), Stamp duty and land tax rules, Tax effective lending Debt reduction strategies, Property Investment Strategies.
Transparency
We provide clear, straightforward advice, helping you make informed decisions with confidence.
Integrity
Our long-standing relationships with clients and partners are built on trust and honesty.
Exceptional Customer Service
We put your needs first, ensuring that you feel supported every step of the way.
Cash Capital is a team of experienced mortgage finance professionals with access to over 60 lenders and thousands of loan products. We are here to help you find the right loan for your needs.
Rated 5 out of 5 stars by our customers!
Our customers love the experience with us.
Here’s what they have to say.
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Exceptional Service! Abbas provided outstanding support throughout the mortgage process. He was knowledgeable, professional, and patient, simplifying complex terms and finding the fit rates. Always responsive and quick to answer questions, Abbas ensured everything went smoothly. Highly recommend him as a reliable mortgage broker!
3 months ago
Highly recommend Priyank! From the start, he made us feel confident and supported through the home-buying process. He understood our needs, was always available for questions, and used his market expertise to help us find our perfect home with a great interest rate. His guidance made everything smooth and stress-free. Grateful for his help!
3 months ago
Abbas has been absolutely fantastic. I have known him since 2018, and the information he provides is transparent and informative, which allows me to make better decisions according to my circumstances. He is the best mortgage broker in Melbourne. Thank you for your help and support.
4 months ago
I have worked with both Abbas and Priyank. Most recently with Abbas. They both have delivered high levels of professionalism and customer satisfaction. Highly knowledgeable in the field and will work with you to ensure you get the best deal. I most defiantly recommend this service to anyone who’s looking for a trustworthy broker
6 months ago
Amazing and smooth experience with Priyank. Excellent knowledge about the market and really amazing outreach to get you in touch with the right people to get the job done. Really great communication, kept us in the loop through the entire process. Highly recommend him.
7 months ago
Abbas's expertise and dedication were evident from the start, as he guided me through the entire process with ease and professionalism. Attention to detail and proactive approach ensured a swift and smooth approval, far exceeding my expectations. I highly recommend Abbas to anyone seeking efficient and reliable assistance with their financial needs.
4 months ago
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