Short Answer: Joust is free for consumers to use!
It used to be that finding a home loan was a long and protracted process. Either you shopped around yourself by visiting banks or you went to a mortgage broker to have them shop for you. After all that, there is no guarantee that the loan recommended to you was in your best interests.
Home loan shopping shouldn’t be that hard.
Joust is here to help. As a free to use online marketplace for home loans, Joust provides good home loan customers with the opportunity to be offered great home loan rates. Our unique process matches consumers with lenders who are looking for good customers.
When you use Joust, lenders compete hard on our live platform to win your business. That means you’re able to see the real-time bidding battle for your loan. This transparent competition inspires lenders to bid aggressively for your business with lower and lower interest rates.
Mortgage brokers position themselves as free for consumers, but did you know that banks end up paying high origination costs to brokers? A mortgage broker might typically be charging the bank a 0.60% upfront fee plus an annual trail commission of up to 0.35%.
With Joust, you don't have to worry about paying broker trailing commissions long after your loan is finalised.
Joust is paid a once-off 0.20% fee by the lenders upon settlement of the loan.
This low-cost to the lenders means they are eager to Joust which works in your favour, allowing you to shop smart and quickly for the best home loan interest rate available to you. Joust customers enjoy highly competitive home loan rates, meaning you should pay less over the life of the loan.
Joust helps consumers like you find the best home loan interest rates with:
One of the easiest, most convenient and transparent shopping experience and;