8 in 10 Australians now use a broker, record high

Apply to the wrong lender and it can hurt your chances everywhere else

Every knock-back marks your credit file and makes the next application harder. A broker knows who's likely to approve you before you apply, so you go in once and go in right.

★★★★★ 4.9 from 47 reviews

What's your situation?

★★★★★ 4.9 from 47 reviews

Bank gave me a rate and I just assumed it was what it was. Broker found something 0.45% lower. Didn't know to question it.

Marcus T. · Sydney NSW

No cost, no obligation. Your details only go to your matched broker.

What borrowers say

"My bank offered me 6.29% like it was the best on the market. Broker came back two days later with 5.81%. That's over $300 a month I was leaving on the table."

Priya S. · Sydney NSW

"Self-employed for three years. Every bank I tried knocked me back. Broker had my approval sorted in two weeks through a lender I'd never come across."

Marcus T. · Melbourne VIC

"Honestly the easiest part of buying was the finance. Broker handled most of it. I just reviewed and signed. Took about a week from start to approval."

Lauren H. · Brisbane QLD

"Been with the same bank for 11 years and never questioned my rate. Broker said I was paying 0.65% more than I needed to be. Refinanced and saving $380 a month."

James C. · Perth WA

"First home buyer, no idea what I was doing. Broker explained everything, handled all the paperwork and even chased up the First Home Owner Grant for me."

Caitlin F. · Adelaide SA

"Bank told me six to eight weeks for approval. Broker got it done in just under three, valuation included. No hold music, no branch visits required."

David M. · Canberra ACT

"Just wanted to know how much I could borrow. Broker compared across about 40 lenders in one call and explained why each one did or didn't suit my situation."

Amy R. · Gold Coast QLD

"Fixed rate expired and I had no idea what to do. Broker sent through a clear comparison of about 25 options. Ended up refinancing and saving a lot more than I thought."

Tom B. · Melbourne VIC

"Broker caught a condition the bank tried to add right before settlement that would have cost us extra. Got it removed before we signed. Worth every bit of not doing it alone."

Verified borrower · Brisbane QLD

"Applied while I was on maternity leave and assumed we'd have no chance. Broker knew exactly which lenders factor in parental income. Approved within the week."

Sophie W. · Sydney NSW

"My bank offered me 6.29% like it was the best on the market. Broker came back two days later with 5.81%. That's over $300 a month I was leaving on the table."

Priya S. · Sydney NSW

"Self-employed for three years. Every bank I tried knocked me back. Broker had my approval sorted in two weeks through a lender I'd never come across."

Marcus T. · Melbourne VIC

"Honestly the easiest part of buying was the finance. Broker handled most of it. I just reviewed and signed. Took about a week from start to approval."

Lauren H. · Brisbane QLD

"Been with the same bank for 11 years and never questioned my rate. Broker said I was paying 0.65% more than I needed to be. Refinanced and saving $380 a month."

James C. · Perth WA

"First home buyer, no idea what I was doing. Broker explained everything, handled all the paperwork and even chased up the First Home Owner Grant for me."

Caitlin F. · Adelaide SA

"Bank told me six to eight weeks for approval. Broker got it done in just under three, valuation included. No hold music, no branch visits required."

David M. · Canberra ACT

"Just wanted to know how much I could borrow. Broker compared across about 40 lenders in one call and explained why each one did or didn't suit my situation."

Amy R. · Gold Coast QLD

"Fixed rate expired and I had no idea what to do. Broker sent through a clear comparison of about 25 options. Ended up refinancing and saving a lot more than I thought."

Tom B. · Melbourne VIC

"Broker caught a condition the bank tried to add right before settlement that would have cost us extra. Got it removed before we signed. Worth every bit of not doing it alone."

Verified borrower · Brisbane QLD

"Applied while I was on maternity leave and assumed we'd have no chance. Broker knew exactly which lenders factor in parental income. Approved within the week."

Sophie W. · Sydney NSW

Why use a broker

81%
of new home loans go through a broker Most buyers no longer go direct to a bank.
50+
lenders your broker compares Your bank only offers theirs.
4.9 / 5
Converta broker rating from 47 verified borrower reviews
Free
You pay nothing Brokers are paid by lenders, not you.

Your bank vs a broker

A bank sells you one shelf.
A broker is legally bound to shop the whole market.

Walk into a bank and you're negotiating against a professional who does this every day and only sells their own product. That's not a negotiation, it's a sales conversation.

Best Interests Duty

Since January 2021, brokers are legally required to act in your best interest. Banks are only required to offer a loan that is "not unsuitable." That's not the same standard, and it has a $1,050,000 maximum penalty attached.

The law is on your side when you use a broker.

1vs50+

Your bank can only offer their own products. They are not obligated, or incentivised, to tell you that a competitor has a better rate for your profile. A broker compares the whole market, including rates not publicly advertised.

Your broker compares what your bank won't show you.

$47k-$85k

A broker finding a rate 0.5% lower than your bank's offer saves between $47,000 and $85,000 in total interest over 30 years depending on loan size. Many borrowers overpay by this much simply by never comparing.

The right rate is worth finding.

All the paperwork, handled

Applications, supporting documents, lender conditions, valuations, and settlement coordination. Your broker manages every step of the process. You review and sign. No chasing banks, no hold music, no forms you don't understand.

Your time is better spent elsewhere.

Stop negotiating against the bank on your own.

Get matched with a broker today, free

Simple process · 3 steps

How Converta works

1
Tell us your situation
Share your loan purpose, approximate amount, and income type. Takes about 60 seconds. No obligation, no credit check at this stage.
2
We find your broker
We match you with a vetted, accredited broker whose panel and experience fits your exact situation, whether that's first home, refinance, investment, or self-employed income.
3
Free call within 24 hours
Your broker calls for a no-obligation strategy session. They walk through rate comparisons across their full lender panel, your loan structure options, and next steps.

Ready to compare more than just your bank?

We match you with a vetted broker who shops 50+ lenders on your behalf, legally required to find the best loan for you. Free, in under 24 hours.

Get matched with a broker today, free

Whatever your situation

A broker helps, especially when a bank won't

The more complex your situation, the bigger the gap between a broker and a bank. Banks offer one product. A broker compares 50+ and is legally required to find the best one for you.

Access genuinely competitive first home buyer rates
Many lenders offer exclusive first home buyer rates, fee waivers, or LMI discounts. Your broker knows which ones are genuinely competitive and which ones are just marketed that way.
First Home Guarantee and state-specific grants
Your broker confirms your eligibility for government schemes, including the First Home Guarantee (5% deposit, no LMI), and accesses the lenders who participate in them.
Know your real borrowing power before you bid
Your broker calculates what you can realistically borrow across multiple lenders, so you know your ceiling before committing to anything, including auction bids.
Avoid the most expensive first-home mistakes
Borrowing at the wrong rate, fixing when you should stay variable, missing offset accounts. Your broker steers you away from the decisions that cost the most over time.
Someone who explains everything clearly
LVR, LMI, comparison rate, offset vs redraw, your broker translates the jargon into plain language and tells you what actually matters for your situation.
Pre-approval without unnecessary credit enquiries
Your broker knows which lenders move fast and which have complex conditions. They submit to the right one first, protecting your credit file from multiple unnecessary enquiries.
Find out exactly what you're overpaying
Most borrowers haven't reviewed their rate in years. Your broker compares your existing rate against the full market and gives you a clear number, not an estimate.
Access cashback offers and switching incentives
Many lenders offer cashback of $2,000-$4,000+ to refinancers. Your broker identifies which offers still make sense once break costs and fees are factored in.
Consolidate debt without restructuring your life
Credit cards, personal loans, car finance. Your broker finds a structure that consolidates at a lower rate without unnecessarily extending your loan term.
An honest fix vs variable recommendation
Your broker doesn't earn more from one or the other. They give you an objective view of the rate environment and what makes sense for your specific cash flow and risk tolerance.
Your broker manages the entire switch
Discharge forms, bank communications, settlement timing. The refinance is managed end to end. You sign where needed and they handle the rest.
Understand your real savings before committing
Your broker models the break-even point, factors in all fees, and tells you whether the numbers actually work, no surprises after the switch.
Find lenders set up for investment lending
Investor loans have different policy, servicing rules, and rate pricing. Your broker targets lenders that are genuinely set up for investors, not the ones who make it unnecessarily difficult.
Structure your loan to protect your portfolio
Interest-only vs P&I, offset accounts, cross-collateralisation risks. Your broker structures the loan to support your long-term strategy, not just the immediate purchase.
Access competitive investment rates
Investment loan rates vary significantly across lenders. Your broker compares the full market and finds genuine competitive pricing for your loan size and LVR.
Know your borrowing ceiling before you bid
Your broker calculates your actual serviceability across multiple lenders so there are no surprises at the pre-approval stage.
Buy interstate with everything managed remotely
Your broker can manage the entire application regardless of where you or the property are located, settlement without the travel.
Build for your next purchase from day one
If you're growing a portfolio, your broker thinks ahead, avoiding lenders or structures that will limit your ability to borrow again when you need to.
Access lenders who understand business income
Not all lenders are set up for self-employed borrowers. Your broker knows which ones assess business income fairly, and which ones make it unnecessarily difficult.
Low-doc options when full financials aren't available
Newer business or complex financials? Your broker identifies lenders with alternative income verification that work for your situation.
Use your business structure to your advantage
Sole trader, company, trust, PAYG contractor, each has different policy implications. Your broker selects lenders whose servicing models actually suit your income type.
Avoid unnecessary credit enquiries on your file
Applying to the wrong lender leaves a credit enquiry even if you're declined. Your broker identifies the right lender before a single application goes in.
Navigate addback rules so your income counts fairly
Tax depreciation, once-off expenses, director fees, your broker understands how different lenders treat these and finds one that assesses your income accurately.
Get approved where your bank said no
The most common self-employed story: bank declines, broker finds approval within days. It happens regularly, because lenders assess income very differently.
Find lenders who are actually competitive at high LVR
Lenders treat high-LVR borrowers very differently. Your broker identifies the ones with genuinely competitive rates and policies for your deposit level.
LMI strategies: pay it, avoid it, or capitalise it
Your broker explains the real cost of lender's mortgage insurance and finds the structure that minimises it, including lenders with LMI waivers for certain professions.
First Home Guarantee: 5% deposit, no LMI
Government schemes that let eligible buyers purchase with a 5% deposit without LMI. Your broker confirms your eligibility and accesses the participating lenders.
Guarantor arrangements structured correctly
If a family member wants to help, your broker structures the guarantee properly, limiting their exposure and protecting everyone involved.
Know your real options before assuming you can't buy
Many borrowers with 10-15% deposit assume they have limited choices. Your broker often finds more than expected.
A clear plan if now isn't the right time
If the numbers don't stack up yet, your broker gives you a precise savings target and timeline so your next application is as strong as possible.
Get matched with a broker today, free

The quality problem no one talks about

Not all brokers are equal.
The gap is bigger than you think.

Broker NPS scores range from +34 (industry average) to +99 (top brokerages). That gap is the difference between a good and bad broker, and it's completely invisible to borrowers picking one cold.

We vet before you talk to anyone

Every broker on the Converta platform is accredited, has a broad lender panel, and actively operates in home lending. You're not gambling on the first name in a Google ad, we've already filtered out the narrow-panel, low-experience brokers before you see a single match.

Quality you can't see from a Google search, guaranteed.

Matched to your situation, not whoever's next

A self-employed borrower needs a broker who knows non-standard income lenders. A first home buyer needs someone across the grants and low-deposit policies. A single broker from Google is whoever happened to rank first, not necessarily the right one for you. Converta routes on fit.

You know your broker is good before you speak to them

A broker on their own website will always sound great. "We've vetted this broker and matched them to your situation" is a different kind of trust. The question most borrowers can't answer, "is this person actually any good?", is answered before the first call.

Get matched with a broker today, free

No cost, no obligation. Your details only go to your matched broker.

Clear, upfront pricing

What does a mortgage broker actually cost?

Nothing, for you. Mortgage brokers in Australia are paid by the lender when your loan settles. Your broker is legally required to disclose this and to act in your best interest under Best Interests Duty.

Commission clawback also keeps your broker aligned: if your loan is discharged early, the lender claws back part of the commission. That means your broker is financially incentivised to find the right loan, not just any loan that settles.

Cost to borrower
$0
Brokers are paid by lenders on settlement
Lenders compared
50+
Major banks, non-banks, and specialists
Converta matching
Free
No obligation to proceed after matching

Every broker on our platform is ASIC-licensed, Best Interests Duty compliant, and actively working in home lending. We only match you with someone qualified for your specific situation.

8 in 10 Australians now go through a broker.

The question is whether you get a good one. Converta makes sure you do.

Get matched with a broker today, free

No cost. No obligation. Takes 60 seconds.

Common questions

Frequently asked questions

What is Best Interests Duty and why does it matter?

Since January 2021, mortgage brokers are legally required to act in the best interests of borrowers. Banks are only required to offer a loan that is "not unsuitable", meaning it just can't cause harm. A broker must actively seek out and recommend the loan that is genuinely best for you. Breaching Best Interests Duty carries a maximum civil penalty of $1,050,000. That legal difference is significant.

How does a mortgage broker get paid?

Mortgage brokers are paid by the lender, not the borrower. When your loan settles, the lender pays your broker an upfront commission and a small ongoing trail. Commission clawback is worth knowing: lenders claw back commissions if loans are discharged within a certain period, which aligns your broker to finding the right loan, not just getting one signed. Your broker is legally required to disclose all commissions to you.

Is using a mortgage broker really free for me?

Yes. In Australia, mortgage brokers are paid by lenders, not borrowers. There is no cost to you for the advice, research, comparison, or full application process. Converta's matching service is also completely free.

Can a broker get me a better rate than going direct to my bank?

Often yes. A broker compares products across 50+ lenders, including rates that aren't publicly advertised, and matches them against your exact situation. A 0.5% rate difference on a $700k loan saves between $47,000 and $85,000 over 30 years. Many borrowers overpay by this much simply by never comparing beyond their main bank.

Not all brokers are equal, how does Converta choose?

Broker quality varies significantly. Industry NPS averages +34; top brokerages hit +99. That gap is the difference between a good and bad broker, and it's invisible to borrowers picking one cold. Converta vets every broker for panel size (50+ lenders), accreditation, and experience in your specific situation before you ever speak to one. You get matched on fit, not availability.

Do I have to commit to anything when I get matched?

No. The matching and initial strategy call are completely free and no-obligation. You decide whether to proceed after speaking with your matched broker.

Ready to get matched?

A bank sells you one loan.
A broker is legally bound to find you the best one.

We find you the best broker. Free, vetted, matched to your situation. Strategy call within 24 hours.

Get matched with a broker today, free

No cost, no obligation. Your details only go to your matched broker.

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