How Do Brokers Get Paid?
The lender you select pays us an upfront commission payment for brokering your loan. Usually a mortgage broker is also paid an ongoing monthly amount by the lender for the life of the loan. This is called the trailing commission and is usually at least 0.15% of the loan balance each month. Cash Back Mortgage Broking refunds this monthly trailing commission to you, crediting it directly to your nominated bank account.
Get Your Monthly Trailing Commission Refund
Talk to Cash Back Mortgage Broking about how much cash back you could receive each month on your home loan.
What's To Stop You Recommending Lenders that Pay The Most?
The difference in commission payments between lenders is small. When researching lenders for you, we present you with the best home loan options that meet your needs. We do not present lenders based on the amount of commission they pay, that would be unethical and illegal. Mortgage Brokers are required by ASIC to be impartial. Failure to do so would risk our reputation, credit licence and could result in significant fines and penalties.
Find out more about mortgage brokers commission payments in our article 'What Do Mortgage Brokers Charge' here.