Here's How It Works
This is Bill
- Bill contacted us.
- Bill chose a lender, loan & got a great interest rate.
- Bill receives at least $65 (0.15%p.a.) trailing commission each month on his $600,000 home loan balance.
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 $120 every month. No that's not a mistake, that's how much a home loan broker normally receives. Contact a cash back mortgage broker to find out how much the commission refund could be for your home loan each month.
Will I Get As Good A Deal?
You'll 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 this payment each month for doing absolutely nothing!
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 monthly $50 to $120 trailing commission refund on a home loan with a $500,000 balance can go a long way.
We don't need a monthly sweetener from the lender to continue to give you great customer service when you need it. Instead we give the trailing commission to you each month, less a $10 administration fee, so you can pay your home off sooner or use it for anything else you may want.
At Cash Back Mortgage Broking we are here to shake the industry up. Which is great news for you.
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, and a monthly commission refund.