What is Mortgage Broker?
A mortgage broker is a licensed professional who works with multiple lenders on your behalf — comparing products, advising on structure, preparing the application, and managing it through to settlement. In Australia, brokers arrange roughly 70% of all home loans.
Why it matters for you
Brokers are generally free to you — paid by the lender whose loan you choose. Under NCCP law, brokers have a best interests duty to the borrower. The best brokers add value through credit policy expertise, lender relationships, and ongoing review (annual refinance checks, rate renegotiations).
Last updated: April 2026