2,200 - $6,600 Mortgage Broker Cashback (Paid on 13th & 25th Month of Loan)

• +3·ArnoldSchwarzenegger·1d ago

  https://service.asic.gov.au/ states the credit representative number as 000556697 which does not match the number you have stated, why is this?

• +2·DeToxin·1d ago

  But of a bummer having to wait 25mths to be paid out.

• +2·AussieMortgageBrokerOP·1d ago

  we do it this way because usually banks claw back 100% if client leaves within 12 months and 50% if client leaves within 12-24 months. As long as customers stay within that period, we share our commission with customers. We aim to keep a long and healthy win-win relationship with customers. thanks

• +1·AussieMortgageBrokerOP·2d ago

  Traditionally, brokers are paid an upfront commission by the lender after a loan settles. In recent years, competition between brokers has increased significantly, so some brokers choose to share part of their commission with clients as a form of cashback incentive. For me, it’s simply a way of providing additional value to clients while still helping them secure a competitive loan structure and interest rate. The cashback is funded from my own commission — not by increasing the client’s interest rate or fees.

• +1·AussieMortgageBrokerOP·1d ago

  We share commissions with our customers which is beneficial to customers and our business

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