COMMISSION REBATES
Whether you call them commission rebates or cash back home loans - one thing is certain.
 
Getting money paid off your home loan over and above your repayments can dramatically reduce your total interest bill.
 
It's even nicer when the additional repayments are being made by someone else (us) using the Lenders own money (commission).
 
We've addressed elsewhere on this site the importance of independent advice and why only 100% rebates are in your best interests.
 
For now let’s take a look at just how much impact 100% rebates of upfront and trailing commission can have on a typical mortgage. 
 
Our modelling shows that you can expect to achieve interest savings equating to 10% or more# of the capital value of the mortgage.
 
To put that in perspective – that’s a saving of $50K on a $500K mortgage and $100K on a $1M mortgage.  Given what you’d have to earn to have a spare $50K or $100K these are very significant amounts.
 
And remember – you don’t have to make any extra payments to achieve these savings (of course you can if you want to).  
 
We’re rebating the commissions other Brokers keep!!
 
And by the way - a saving of 10% of the capital value of your mortgage assumes you had chosen exactly the same loan product that we recommend.  We invariably identify even greater savings through selection of a superior loan product (lower total cost for your unique circumstances).  See our Case Study and Interest Savings Pages for more detail.
 
Of course everyone’s situation will be different – which is why we undertake detailed individual analyses and why we offer a Fee Guarantee (see FAQ Page).
 
#   Assumptions:
 
  • 30 year mortgage paid principal and interest making minimum monthly payments
  • Using average interest rates over a 10 year period
  • Average (conservative) upfront and commission rebates from mainstream Lenders
 
CUT THROUGH THE HYPE - ASK THE MORTGAGE BROKER IF THEY’RE INDEPENDENT - AND GET IT IN WRITING!!