How does Go Mortgage get paid?
As any other broker in the market we get paid in the way of commission directly from the bank which receives your mortgage.
All the institutions pay about the same rate of commission which makes it easy for us to keep unbiased via a particular institution.
Why are the banks happy to pay us?
Are you paying more if you come to us rather than go straight to the bank?
The answer to these two questions is easy. you see, when the bank canvasses for your business by themselves, they need to spend money on marketing, opening and keeping up the rent on branches and paying loan managers to sit in these branches.
When we bring your loans to the bank, they save considerably in overheads, so in exchange for your efforts they pay us a brokerage commission.
This means that whether you go straight to the bank or come directly to us, you will end up paying the same in interest rate and fees.
The big difference is that our expertise and recommendation will spread over all the different banks and lenders and increase your options dramatically.



