Think Using a Mortgage Broker Costs You Extra? Here’s the Truth

One of the biggest myths about mortgage brokers is that they charge you a fee on top of your loan. It sounds reasonable – after all, if someone’s doing the legwork for you, it must come at a cost, right?

The truth is, that’s not how it works. At The Mortgage Hub, our service is completely free for you. You don’t pay us a cent. Instead, we’re paid by the bank after your loan is approved. And no – this doesn’t mean you’ll face higher interest rates or sneaky admin fees. Your loan costs exactly the same as if you went to the bank directly.

Why is it free?

Think of it this way: banks want your business, and mortgage brokers like us help bring it to them. When we connect you with the right lender and secure your loan, the bank pays us a commission. That’s how we get paid – not by you.

So instead of worrying about extra costs, you can focus on the benefits: expert advice, a wide choice of lenders, and the confidence that you’re getting the best deal available.

What we actually do for you

Going to one bank means you only ever see one option – theirs. Working with a broker is different. At The Mortgage Hub, we:

• Compare across all the major banks and lenders to show you more than just one option.


• Negotiate on your behalf to get better rates, terms, or structures.


• Structure your loan properly so that repayments fit your lifestyle and long-term goals.


• Guide you step-by-step so the process feels smooth and stress-free, not overwhelming.

Put simply, our job is to save you money and time – not cost you more.

Why use a mortgage broker instead of going straight to the bank?

Working directly with one bank can feel easy at first – until you start wondering if you could’ve got a better deal elsewhere. That’s the catch: you don’t know what you don’t know.

With The Mortgage Hub, you’re not locked into one lender’s rules. You see the bigger picture, with multiple banks competing for your business. That means better choice, more flexibility, and a loan that actually works for you.

Ready to get started?

Got questions? Don’t hold back – there’s no such thing as a dumb one when it comes to buying your first home. Reach out to us any time, and we’ll walk you through it.

Check out the video here for a quick overview of how we can help and why working with a mortgage broker makes all the difference.

Let’s make
homeownership smarter, easier, and a whole lot less stressful.