How much cash back could I get?
On a $500,000 home loan balance you can expect to receive between $50 and $120 every month. No that's not a misprint, that's how much your broker normally receives. Contact us to find out exactly how much cash back you could be receiving on your home loan.
So how does cash back work?
Let's say you have a $600,000 home loan. You'll get the same great rate and awesome deal with us as you could from another broker, but with us you get from 0.15% or more of the balance owing on your home loan, less a $10 administration fee, as cash back monthly payment straight into your bank account each month. That’s $65 or more a month on a home loan balance of $600,000. You receive this cash back each month for doing absolutely nothing!
Why don't more brokers offer cash back?
The cash back we provide is normally kept by the broker as part of their income, it is what is known as 'trailer commission' and is payment for their ongoing service to you the customer. At Cash Back Mortgage Broking we're here to shake things up because we know what it's like to have a big ugly mortgage repayment to meet every month, it's hard work. 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 trailer commission to you, less a $10 administration fee, so you can pay your home of sooner or use it for anything else you may like, perhaps a monthly dinner out or an hour of stress relieving massage each month.
We have over 20 lenders to choose from
All the major lenders and numerous specialist lenders for whatever your situation. Contact us to get a great home loan deal, with cash back each month.