Commission Rebates

Home loans are a big commitment for any family, so wouldn’t you want to take advantage of any opportunity to get back some of the repayments and interest you are paying, and have the chance to pay off more towards becoming mortgage-free? Most home loans will generate trailing commissions and you can request a refund by registering now with Commission Rebates to have those commissions paid back to you.

What Are Home Loan Trailing Commissions?

Trailing commissions are generated on a number of different financial products and home loans are not exempt. The average home loan trailing commission is between 0.15% and 0.20% of the loan balance. Trailing commissions are paid to mortgage brokers by the home loan providers to encourage sales of their product. When you deal directly with a bank to open a new home loan account, the fact that the bank doesn’t pay trailing commissions to a broker simply increases their profits.

Instead of your home loan profiting the broker or the bank who opened your mortgage, it could be profiting you, as you can establish or refinance your home loan with Commission Rebates and have the trailing commissions generated by your home loan, paid to you.

Benefits of Registering for Home Loan Commission Rebates

The average Australian home loan is of a sizeable amount, so even a seemingly small percentage of your loan balance can add up to an attractive commission at the end of each year for a broker or a loan provider – but not if we can help it. Following is the average amount you can get back from your home loan in commissions:

• On a $200,000 home loan you could receive $350 back each year. 
• On a $300,000 home loan you could receive $525 back each year. 
• On a $500,000 home loan you could receive $875 back each year. 
• On a $700,000 home loan you could receive $1,225 back each year. 
• On a $1 million home loan you could receive $1,750 back each year.

And the cash refunds are just one benefit to registering with Commission Rebates:

• The Commission Rebates home loan brokering service is provided to you at no cost. 
• Opening or refinancing a home loan with Commission Rebates can secure you the same, or an even lower interest rate saving you money in interest repayments too. 
• You can pay your trailing commissions rebate directly onto your home loan each year and the amount will automatically reduce the principle of your home loan.

We all want to save money on our home loan as it is the biggest investment most of us will ever make. Therefore, to get out from under the pressure of a mortgage, request a refund by registering now with Commission Rebates, and pay off your home loan sooner.