There are no fees for our service. We are paid a commission from the bank at no cost to you.
Home Loans Example:
UPFRONT COMMISSION
loan of $350,000
0.6% of Loan amount = $350,000 × 0.6% = $2,100
15% to AFG
85% to Power Tynan = $1,785
TRAIL COMMISSION
0.15% of Loan amount per annum, paid monthly = $350,000 × 0.15%
= 525 ÷ 12 = $43.75 per month
15% to AFG
85% to Power Tynan = $37.19 per month
Equipment Finance
We are paid a commission based on a percentage of the amount you finance. This
percentage will vary with the interest rates and the amount of commission we actually
receive will be specific to your finance application.
Notes
Not all banks pay trail
Rates vary between banks
Dan is on a salary and is not influenced by the amount of commission
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