How much can a mortgage broker make, if successful?

It's definitely achievable in Australia however it will usually take a broker that is new to the industry 12+ months before they are consistently earning that figure. Lenders typically pay an up-front commission of approximately $6,500 per every million dollars that you settle in loans for them. read more

Fees payed to mortgage brokers vary significantly from lender to lender and there is also variations based on how much volume they do or how large the loan amount is. Mortgage brokers also tend to work with an aggregator which is someone that brings all the lenders together for the mortgage broker to access. read more

If you happen to use a mortgage broker to obtain your mortgage, you may be wondering how they get paid and what they make. Mortgage brokers essentially work as middlemen between borrowers and banks/lenders, so they can actually be paid by either party. read more