Who are Home Loan Cash Back?
We are an innovation in the mortgage broking industry and the best online cashback mortgage broker option. Being the best cash back mortgage broker is important to us so we work alongside over 40 lender partners. You will receive the best home loan rates that suit your circumstances with the best mortgage cash back rebates on your home loan. Thinking about applying for a mortgage online, think Home Loan Cash Back. Bank refinance cash back rebates are also available in addition to our mortgage cash back. With 5 star customer reviews on Google and the best morgage deals with cash back, Get Started today!
We also offer cash back on Life Insurance, Income Protection Insurance, Trauma and TPD under general advice. Home & Contents Insurance & Car Insurance also offer cash back through our preferred partners. You will receive cashback on all your insurance policies set up through Home Loan Cash Back and our selected partners.
What are Broker Upfront & Trailing Commissions?
Understanding upfront and trailing commissions starts with an intro into how mortgage brokers work.
When we introduce home loan customers to banks, scouring the market for the best deals for you of course, we receive a commission from whichever lender you choose to borrow with. On top of an initial commission, called the “upfront” commission, we also receive “trailing” commissions that are paid by the banks as an ongoing payment.
When we introduce home loan customers to banks, scouring the market for the best deals for you of course, we receive commissions from your chosen lender. We offer great service and deals although we give back 100% of the broker trailing commissions to customers for the life of the loan.
Trailing commissions are an ongoing payment made to mortgage brokers for as long as you keep the loan in place. Traditional mortgage brokers retain 100% of their commission or share it with their referrers, where as we share it with no one but you!
The rates of commission can change from one bank to the next. On average, the trailing commission can be between 0.15% and 0.30% of your outstanding loan balance each year.
With Home Loan Cash Back, as long as your loan application is for at least $350,000, will give you 100% of the broker trailing commissions, so you can save more on your mortgage! It is like getting mates rates cash back with no fees!