Here's How It Works
This is Bill
- Bill contacted us.
- Bill chose a lender, loan & got a great interest rate.
- Bill's home loan balance is $600,000 so he receives a trailing commission refund of least $65 into his bank account each month.
This is Jill
- Jill went through a regular broker or direct to a lender.
- Jill got the exact same lender, loan & great rate as Bill.
- Jill's broker or lender keeps the monthly trailing commission amount.
How Much Cash Back Could I Receive?
On a $500,000 home loan balance you can expect to receive between $50 and $105 each month. No that's not a mistake, that's how much a home loan broker normally receives. Several lenders even increase their commission rate from year two onwards, so on a $500,00 loan balance your refund can increase to as much as $150 each month. Use our home loan cash back calculator below to see how much you could receive, or contact us to learn more.
Home Loan Cash Back Calculator
Will I Get As Good A Deal?
You can get the same lender, great rate and awesome deal with us as you could from another broker. The difference with us is you receive the trailing commission into your bank account each month, less a $10 monthly admin fee. That’s $65 (0.15% p.a.) or more each month on a home loan balance of $600,000. You receive these payments for the life of the loan, without having to do anything.
Why Don't More Brokers Offer Commission Refunds?
The cash back we provide is normally kept by the broker as part of their income, it's known as trailing commission. This payment is for the broker's ongoing service to you after settlement. Most brokers don't want to give away part of their income, but we're not your average home loan brokers.
We know it's hard work paying a mortgage and all the other bills that come with having a family. Every bit helps. So a $50 to $120 trailing commission refund each month on a home loan with a $500,000 balance can be a big deal. Put it towards bills, go out for dinner once a month or use it to help pay your home off sooner. What will you do with your monthly home loan cash back payments?
Over 20 Lenders To Choose From
All the major lenders and many specialist lenders for whatever your situation. Contact a cash back mortgage broker to get a great home loan deal with a monthly commission refund.