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how
do I get paid?
Upon settlement of your
loan, you will be paid 45% of the commissions paid to
myownloan.com.au from the lender who
provides your loan. The exact value will vary depending
on the lender. Detailed information on the commission
rates paid by each of our lenders can be found in the
Commission Details section on the Residential
Remuneration Structure.
A typical example, on
a loan of $400,000 from a lender who pays commissions
to myownloan.com.au of 0.7% of the
total loan value:
You get 45% of $400,000
x 0.7% = $1260
Disclaimer
The above payment is subject
to the final settlement loan amount with the selected
lender. Payments will vary depending on the lender and
will be paid within 30 days after drawdown of your loan.
Drawdown: This is when
your funds are used by you. Drawdown occurs when approved
funds that are available for your use actually get used.
Commissions will only be paid once your approved funds
are used.
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what
if I am not a payg employee?
The application
at myownloan.com.au is for PAYG employees
only. If you are not a PAYG employee we can still help.
Our associate partners, Modern
Mortgages, can accommodate your loan application
based on your situation. Please contact Modern
Mortgages by visiting their website here.
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what
do I need to make an application?
The application
is intended for PAYG employees only who are applying
for a home loan. You will need equity in your existing
home or savings for a deposit whether you are purchasing
or refinancing an existing loan. View
the checklist before you begin your application.
The application process
will collect all the relevant details needed to launch
your application with the lender of your choice.
A detailed explanation
of what is required will be presented to you within
the application.
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who
will finance me?
myownloan.com.au finds
the best product to suit your individual needs from
over 38 different lenders.
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privacy
of your information
Please read our Privacy
Policy here.
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I
still need more help
Please contact us directly
with any other questions you have. myownloan.com.au
consultants are available during regular business hours
to handle your queries.
Please see our contact
info page for details on how to contact us.
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