We drive more competition for your loan than any mortgage broker to get you a great deal in 5 steps or less from at least 3,000 loans. Here’s how…
1. We start your mortgage contest
Your Adviser’s first step is design your contest with your needs, wants and payment ability, then we launch it. To kick start your mortgage contest, we then bid all matching loans that we can arrange for you with Bonus Monthly Cash-back up to 0.3% p.a. paid by us to your loan for life.
Click here to see how this step is different to mortgage brokers.
Our 3,000+ Cash-Back Deals vs Mortgage Brokers
Getting great lenders at great rates plus Bonus Monthly Cash-backs up to 0.3% p.a. can slash loan costs. We do this better because…
- We include Bonus Monthly Cashbacks on ALL panel lenders by paying you 100% of all lender paid kickbacks, commissions and bonuses on over 3,000 loans; Mortgage brokers don’t usually rebate ALL lender paid kickbacks. Most don’t rebate anything.
- We are paid the same fixed amount no matter which of our loans, lenders or which bidder you choose; Mortgage brokers charge varying amounts depending on which lender or loan they arrange for you.
- We charge fixed fees payable only when we obtain a loan for you or connect you with bidders; Mortgage brokers charge up to 8 x our fixed fees by keeping 100% of commission. Some also charge you extra, variable fees including advice fees and early payment penalties (“clawback”).
2. Invite more bidders to compete
As soon as we launch your mortgage contest, we remove your identity details and promote it to more than 100 registered bidders via flongle. We also invite up to 50 leading, direct-only lenders to view and bid your contest. Bidders can bid their best deals for free.
Click here to see how this step is different to mortgage brokers.
Mortgage Contests vs Mortgage Brokers
Accessing a wider range of loans faster and more easily can save time getting the right loan at a lower cost. We do this better because…
- We allow ANY lender or broker* to bid for your contest for FREE; Mortgage brokers only allow a small range of commission paying lenders.
- We impartially compare ALL bids and thousands* of flongle exclusive cash-back deals; Mortgage brokers arrange 80% of loans with just 4 commission paying lenders.**
*Subject to our Responsible Lending Obligations.
** Source: ASIC: Review of mortgage broker remuneration 2017 (Report 516)
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Direct Only Lenders
3. We review your results with you
We give you secure web access to easily rank; filter and pick your favourites from our range of Verified cashback deals and third party bids based on features, cost and more 24×7. When you’re ready, email or talk with your adviser to review your mortgage contest and reach the choice that’s right for you.
Click here to see how this step is different to mortgage brokers.
Our Platform vs Mortgage Brokers
Launched in 2014 and continuously improving ever since, our secure, one-stop shop platform called SmartApply is better because…
- It puts easy-to-use broker tools in your hands to cut through maximum range to find your ideal solution fast.
- See all matching bids and our cashback deals apple with apple including personalised feature Match Factor and Loan Cost for each option. Plus you’re fully supported by your independent expert.
- If you apply for one of our cashback deals, our dedicated, in-house settlements team helps keep your application on track and simple.
- You can apply, upload your supporting documents and check your loan application status when you want 24×7.
- You can also share results with your advisers, accountants, partners and guarantors for a smarter, more collaborative choice.
4. We manage your Application
Your mortgage contest will include all bids from third part bidders and flongle. If you apply for one of flongle’s many cash-back deals, you can securely upload any documents while your adviser and our in-house settlements team will ensure your loan runs as smoothly as possible from go to whoa.
5. We pay you cash-back monthly
When we arrange your loan with a panel lender and start receiving commission, we begin rebating all of it back to you as cash-back. If you have opted to deduct our Advice Fee from your cash-backs, your cash-back deposits will begin once the fee clears. We then issue cash-backs to you each month, every month, for the life of your loan.
Some of our lenders
We can arrange your loans and savings with these panel lenders that make ordinary mortgage brokers look, well, ordinary. Because we’re unbiased, we invite commission free lenders to really put our lenders to the test. Learn how.
Lenders we invite to compete for FREE
Lenders that have said they don't want to compete this way
Our Panel Lenders
| Adelaide Bank |
| AMP |
| ANZ |
| Auswide Bank |
| Australian Military Bank |
| Bankwest |
| Bank of Melbourne |
| Bank of Queensland |
| Bank of Sydney |
| Bank SA |
| Bluestone |
| Citibank |
| Firefighters Mutual Bank |
| Health Professionals Bank |
| Heritage Bank |
| ING Direct |
| La Trobe |
| Liberty |
| Macquarie Bank |
| ME Bank |
| MyState |
| NAB |
| Pepper Money |
| Resimac |
| Qudos Bank |
| St George |
| Suncorp |
| Teachers Mutual Bank |
| UniBank |
| Westpac |
Lenders we invite to compete for FREE
| Australian Defence CU |
| Bank Australia |
| bankmecu |
| BankVic |
| Bendigo Bank |
| Beyond Bank |
| Big Sky BS |
| CUA |
| Cairns Penny Savings & Loans |
| Click Loans |
| Community Alliance CU |
| Community Mutual Group |
| Community First CU |
| Community Mutual Ltd |
| Greater BS |
| Defence Bank |
| Easy Street |
| ECU Australia Ltd |
| Family First CU |
| First Option CU |
| FirstPoint |
| Gateway Bank |
| G&C Mutual Bank |
| Goldfields Money |
| homeloanHQ |
| Horizon CU |
| Hume Bank |
| Hunter Mutual |
| HSBC Bank |
| Intech CU |
| loans.com.au |
| Laboratories Credit Union |
| iMortgage |
| My Rate |
| MCU Ltd |
| Mortgage Ezy |
| My Credit Union |
| MASFunder |
| New England Mutual |
| Newcastle Permanent |
| Orana Mutual |
| People’s Choice CU |
| PFG Mortgage Managers WA |
| Pulse CU |
| Qantas CU |
| Quay Credit Union |
| Queenslanders Credit Union |
| RAMS Home Loans |
| Ratebusters |
| Resi |
| Select Encompass CU |
| State Custodians |
| Sydney CU |
| Transport Mutual CU |
| Warwick CU |
| WAW CU |
| Your Credit Union |
Lenders that have said they don't want to compete this way
| IMB Building Society |
| Firebrigades Employee Credit Union (Employment based membership) |
| QT Mutual Bank |
Lenders that are unable to compete this way
| CommBank |
| P&N Bank |
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