Frequently Asked Questions
How much will it cost me to use a Select broker?
There is no charge for our service and we will get you the same rate and charges as if you went direct.
How does a Select broker get paid?
The lender pays the broker a commission for referring the deal to them however that payment will only be received by the broker after the loan settles.
How does a Select broker decide which lender to use for my loan?
It’s actually you that makes that decision. The broker will show you a number of options with a variety of lenders and then discuss the product that seems to suit your needs the best however the final decision is yours.
Are all the Select brokers properly qualified?
All of our loan writers have an Australia wide license granted by ASIC and they all carry Professional Indemnity Insurance. They are also members of the Mortgage & Finance Association of Australia and the Credit Ombudsman Scheme Ltd.
Do I have to make an appointment to see a Select broker?
Yes and no. Simply contact us and we will pass on your details to one of our brokers nearest you. The broker will then get in touch and arrange a time suitable to you.
How long will the appointment take?
There is no short answer; it varies depending on the complexity of the deal. The process starts with the broker listening to your objectives and your financial position, then discusses some options with you, and finally makes a recommendation regarding products and lenders. It could take as little as 45 minutes but possibly an hour and half.
