Transparency — What Morty Costs You, How the Platform Earns, & Your Data
Plain English. No fine print. Then you decide.
Trust in broking breaks when the money is hidden. So here it is plainly: what using Morty costs you, what we earn and when, and how your data is treated — then you decide.
What using Morty costs you — $0. Here's the honest picture.
You never pay us a cent — when a loan settles, the lender pays the broker. Here's the full picture so you know exactly how that works, and why it never changes what the maths tells you:
Upfront commission
Roughly 0.60–0.70% of the loan amount, paid by the lender after settlement. On a $500,000 loan that's about $3,000–$3,500, once.
Trail commission
Roughly 0.10–0.20% per year of the outstanding balance, paid while the loan stays with that lender. This is why keeping clients happy long-term is the honest business model.
Clawback
If the loan is refinanced away or exited within ~12 months, the lender claws back the upfront — meaning the broker worked for nothing. This is also why your broker should never push you into a loan you'll regret.
What this means for objectivity — and what we do about it
- Some excellent lenders pay brokers nothing (or almost nothing). We'll say so when one of them is genuinely your best option — and you can verify their offer yourself. A broker who can't quote a lender you found cheaper should lose your business.
- Commission sizes vary between lenders, so our tooling compares cost to YOU first (rate, fees, features) and we record why the recommendation fits — the regulator (ASIC's best-interests rules) requires it; our platform makes it visible.
- No commission is charged to you, and no fees for the tools anywhere on this site.
Your data, your rules
- The tools harvest nothing. Rate Check and the eligibility pictures run entirely in your browser — no form to fill, no server storing your numbers.
- Value, not capture. If you want the personalised report or the rate alerts, you hand us your email on your own terms — in exchange for something worth having.
- Your details are never sold. One broker, your choices, no lead farms, unsubscribe anytime.
