Costs

Funded does not charge customers for our service.

Funded is paid commission by the lender. Funded then pays Bryce or Marie and any other staff a portion of the commission received according to the profit of the business.

The amount of commission received by Funded is estimated in your Credit Proposal which you receive prior to your application being submitted. It is again detailed in your loan offer documentation from the lender.

Lenders use Mortgage Brokers to effectively outsource work that would otherwise be done in house. This reduces their staffing requirements, and often saves them money. Generally speaking, if they could do it as efficiently ‘in house’ they would.

Funded offers the same products and rates to customers that would be secured with the lender directly. Sometimes Funded is able to secure additional discounts for customers that may otherwise be unavailable, or not offered.

The advantage of using Funded is that hundreds of loan products from over forty lenders are available for comparison, so you know you’re getting a competitive deal.

Commission rates vary slightly from lender to lender.  Funded always recommends the top three loans that meet customer needs, and does not take commission rates into account when recommending.  If a broker puts you into an inferior loan because of higher commission it won’t be too long before you take your business elsewhere.

When you are delighted with the product and service you have received you are more likely to stay with us, and also recommend us.