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Get 100% of Mortgage Broker Trailing Commissions + $100 Bonus @ Home Loan Cash Back

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Get 100% of Mortgage Broker Trailing Commissions + $100 Bonus @ Home Loan Cash Back
Go to Deal
AssociatedMelbourneWest on 25/03/2018 - 18:42 homeloancashback.com.au (598 clicks)
Last edited 28/03/2018 - 12:35
OZBRPA18

Special OzBargain Offer $100 extra by mentioning OzBargain - using "OZBRPA18" promotional code at www.homeloancashback.com.au - visit the website and click on Get Started

Receive 100% of trailing commissions paid to mortgage brokers for the life of the loan and no fees charged by us.This usually works out the same as receiving between 0.15% - 0.30% discount on the actual rate you are on.

Home Loan Cash Back refunds 100% of all mortgage broker trailing commissions along with the best deals from over 40 banks & lenders. We have an award winning broker who deliver excellent services with our team in addition to excellent cash back of course.

CONDITIONS

  • Refinanced or new purchase home loans of $350,000 minimum to qualify for the cash back rebates.
  • Required to retain the loan for 18 months or bank commissions claw back period
  • Must qualify for the bank/lender credit acceptance criteria
  • No fees charged by us for service or to process cash back payments
    Visit us at www.homeloancashback.com.au and click "Get Started" to begin the process.

Rates from 3.55% O/O variable (3.65% comparison rate) or 3.89% Investment variable (3.92% comparison)

Accredited Details - Licensed under ACL 392926. Full member of the Mortgage Finance Association of Australia & Customer Ombudsman Service. Please note we are able to offer general advice only so please take into consideration your personal financial needs. Full terms & conditions and privacy statement available upon request and on our website. Requirement to keep home loan in place for minimum of 18 months/bank commission claw back period. 100% of the ex gst broker trailing commissions received are paid to you every year for the life of the loan. $100 bonus special OzBargain bonus is paid within 60 days of settlement. Comparison rates are based on a loan of $150,000 over 25 years so vary depending on your own circumstances. Please visit our website for privacy policy and all conditions are available upon request.Please allow three to five working days for a response.

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closed Comments

  • distemper on 25/03/2018 - 19:33
    +1

    Sorry to be cynical but what would your company receive if you are giving trailing commissions? Just an upfront referral fee from the bank?

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 19:37
      +1

      Hi distemper, we retain 100% upfront commissions and refund 100% of the trailing commissions to customers for life. This offer, exclusive to OzBargain, aslo sees you receive a $100 bonus within 60 days of your loan settling. Hope this covers off your question

    • [Deactivated] on 25/03/2018 - 19:47
      +2

      The upfront on a 350k loan would be about $2000. So there's something in it.

      Not sure how long trails will last in this climate though.

  • hsvprez on 25/03/2018 - 19:34

    You say "We are an award winning broker", what awards have you won and when?

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 19:39
      +1

      Hi hsvprez, our about us page covers off the Connective Excellent Award we won in 2016

      • hsvprez on 25/03/2018 - 19:52

        Cheers, thank you.

  • Slo20 on 25/03/2018 - 19:37
    +3

    Let’s hope there’s no sock puppet comments to follow like last time.

    • bootlace on 25/03/2018 - 19:48
      +16

      I will vouch for this offer.

      Since taking it, my sex life has improved, my muscles are rippling, I can see through walls, time and frosted glass. I can control three different sea birds with my thoughts, including gulls. That's right - gulls.

      • aggregate on 25/03/2018 - 20:24
        +1

        But are you getting a lower mortgage rate?

        • The Wololo Wombat on 25/03/2018 - 23:42

          Mate. If he can control gulls, he can control the rate! Come on….

  • turk182 on 25/03/2018 - 19:46
    +3

    Going to need to see another zero on that ozbargain bonus

  • Slo20 on 25/03/2018 - 20:02

    OP - you may want to make sure your web team proof read their work. Insert from your front page:

    “To ensure we are being responsible, we are work with qualified insurance general advisers who can review or help set up Life Insurance, Income Protection, Trauma and TPD insurance. We can also assist with Home & Contents & Car Insurance.”

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 20:04

      Thank you for the feedback, will pass on the our team.

      • ravonda on 25/03/2018 - 20:51
        +9

        Yeah… You may want to make sure you proof read your comment too…

        Thank you for the feedback, will pass on the our team.

        :/

  • runamuck on 25/03/2018 - 20:22

    People change lenders like changing phone plans these days. While 100% trailing commission may sound attractive, no one is really going to hold on to the same loan long enough to take the full benefit. It is much better to be paid some of the upfront commission. Naritas is giving away $1500 in Woolworth's gift voucher if you take out a loan with them.

  • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 20:27

    Thank you for the comment, which is well thought out. Whilst people do not keep a loan with the same lender for 25- 30 years, having Home Loan Cash Back as your partner throughout the full journey will see you receive 100% of the trailing commissions for the duration. This will save you $1,000's that result in extra cash in your pocket. Hopes helps and thanks again for the comment

  • Nav2k on 25/03/2018 - 21:28

    Nothing to do with the deal…but are you actually giving any correct information when someone enters their loan details in the fields?
    I put in..$450k loan for a $500k property value. Investor and interest only and these are my options:
    Bank of melb - 3.64%
    ING - 3.79%
    Macquarie - 3.89%
    St George - 3.89%

    Everything says 'contact us for further details'.

    Whilst I realise it's just a way to get people to contact you and each is related to an individuals situation and many more factors come into this..
    Can this be any less realistic ?
    If anyone can give me those types of rates on an Interest only, 90% LVR …then I'll gladly sign up. Somehow all these banks dont operate under APRA ?

    • Steptoe on 25/03/2018 - 21:34
      +1

      Same examples regardless of what you enter. None of those rates are for investor IO.

      • Nav2k on 25/03/2018 - 21:35

        I just found out I could get a $400k loan on a $100k property!
        winning!

        • bobzor on 25/03/2018 - 23:33

          100k property? Where r u… Tassie?

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 21:36

      Interest only investment rates are from 4.29%.

      • Steptoe on 25/03/2018 - 21:37
        +1

        Why doesn’t that show when the details request it?

      • Nav2k on 25/03/2018 - 21:39

        For 90% LVR ?

  • Steptoe on 25/03/2018 - 21:32

    What happens to the money if you go out of business?

    Putting interest only investor loans, still gives examples including P&I owner occupied loan. No much detail of any loan offered.

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 21:37

      Interest only investment rates are from 4.29%

      • Steptoe on 25/03/2018 - 21:38

        Are there any loans details available?

      • Steptoe on 25/03/2018 - 21:53

        Regardless of the details I enter, all I see is

        https://files.ozbargain.com.au/upload/14823/57483/9b9c5a6c-6…

        Can’t click for any further details. If I want to enquire, I need to put all my details in again.

        • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 21:56

          As long as you have entered your details correctly, one of the team should be in touch to cover off exactly what deals you are eligible.

          Our aim to always to deliver the best price that for your circumstances whilst making sure the process is as smooth as possible.

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 21:41

      Steptoe, regarding is going out of business. Our group and licensed has been in operation for 10 years. We have no intention of going out of business or selling up. Of course, who knows what the future holds although we certainly do not see any issues with our busineses and security for the future.

      Hope this helps and thanks for the comment

      • Steptoe on 25/03/2018 - 21:46

        As a Plan B, how do I transfer my name to receive the trailing commission in the unlikely, but possible event?

        • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 21:51

          Hi Steptoe, thanks for the question. Commissions to brokers are paid to us for the life of the loan. We have our own credit licensed which has been in place for over 10 years now and run multiple brands of businesses nationally. In the unlikely event that we shut up shop, commissions will be paid until we cease to exist.

          Again there is no guarantees when you deal with any company on the planet aside from relying on stability, tenure etc.

          Ultimately a decision you need to make

  • RubenM on 25/03/2018 - 21:39

    I wish APRA hadn't hit, I'd take you up on this.

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 21:43

      There are two 4.29% Inv I/O offers in the market with reputable and long standing brands even with the APRA changes on investment and interest only lending now having had some time to land where lenders can start to deliver some stability. Again, hope this helps.

      • Steptoe on 25/03/2018 - 21:55

        What loans are they so we can read some details about them?

  • 1-Bargain on 25/03/2018 - 22:06

    Hi. I am considering refinancing. Did a rate search not long ago. Can you do loans.com.au? I found their current variable rate 3.60% with offset account (3.52% without offset) to be preset good for owner occupied <=80%LVR. Or any other suggestions for an OO loan with offset with similar competitive rates?
    Thanks.

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 22:09

      1-Bargain, we can beat this with the trailing commissions rebate.

      Please email us at [email protected] or enter your details by going through the "Get started" area on the website.

      Thank you

  • Craicdealer on 25/03/2018 - 22:54

    Hi @MelbourneWest, Just checking on the $350k minimum. So if I have $180k to refinance, no point contacting you guys?

  • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 23:01
    +2

    Thanks for the comment, we have a minimum $350,000 loan size.

    It is also worth you considering the cost of moving lenders vs the savings you will make. Whilst $180,000 is a lot of money in anyone's world, ensure you consider if the costs of refinancing and the rate savings justify each other.

    Thanks again and all the best.

    • Craicdealer on 26/03/2018 - 00:05

      Thanks. On 5.29% with NAB I/O…but going to switch to P/I..So yeah, worth it at the moment I`d say…

      • cocomelon on 26/03/2018 - 08:33
        +1

        Call your bank and get them to reduce your rate, i am with NAB and got it reduced at 4.19% I/O

        • Craicdealer on 26/03/2018 - 21:12

          Thanks. I did that of course..waiting for a decision. Just enquiring if yours was investment or owner occupied.

        • AssociatedMelbourneWest @ Home Loan Cashback on 26/03/2018 - 21:20
          +1

          @Craicdealer: NAB will offer 2 years fixed for investment at 4.09% P&I or 4.19% I/O

          Hope this helps

        • cocomelon on 26/03/2018 - 21:58
          +1

          @Craicdealer: its for. Investment property, if yours owner occupied you should get even lower rates. Good luck

  • bryans on 25/03/2018 - 23:22
    -1

    The current upfront and trailing commission structures will no doubt be axed or overhauled after Royal Commission hands its findings. Just read all of last week's news.

  • Msfrugal on 25/03/2018 - 23:26

    what a coincidence! I was looking a couple of hours ago for a friend who has equity in her current villa, wants to keep it and buy a house and I was telling her to go to Matesrates - as it'll be $1.1-1.3 Million!!!!

    I refinanced with Matesrates about 10 years ago and I think I received 1/2 of the ongoing monthly commission,

    Looks like they now doing something similar to this homeloancashback.com.au

    I'll be trying to call tomorrow to ascertain, just might be worth comparing Matesrates with this.
    Just because the guy I met with all those years ago was the owner and very decent and I think the first person to offer to share the HUGE commissions from banks.

    • AssociatedMelbourneWest @ Home Loan Cashback on 25/03/2018 - 23:30
      +1

      Hi Msfrugal,

      Mates Rates have a very similar model to our group of companies. They charge $120 per year as an "admin" fee to process the cash back payments where as we do not charge anything.

      Mortgage brokers, as an industry, provide excellent choice and competition and even with no cash back, is always a better option than just looking at a bank directly.

      Our business model is one that works well with the sharing and true partnership with our customer.

      Thanks for visiting.

      • Msfrugal on 26/03/2018 - 09:09

        Thanks for the info.

  • thydzik on 25/03/2018 - 23:55

    How long have you been operating for?

  • AssociatedMelbourneWest @ Home Loan Cashback on 26/03/2018 - 00:01

    Hello thydzik, we have multiple businesses and have over 10 years tenure.

    Hope this helps.

  • WTF on 26/03/2018 - 06:11
    -4

    I am negging thus deal for 2 reasons.

    1. I cannot get the deal without having to wait for a rep to contact me. Thats like click bait to me. Why do I need a rep to tell me whats best? Why not just display all my options? I dont want the used car saleman pitch.

    2. The amount of trailing comission that you might get is not quantified. Says 1000's. There is no way to estimate or calculate this either without having to go through entering all your personal info.

    • AssociatedMelbourneWest @ Home Loan Cashback on 26/03/2018 - 07:52

      Hi WTF, thank you for the comments. To give insight to your points.

      Firstly, given there are over 40 bank & lenders in our lending panel and as a licensed mortgage broker organisation, firstly we are required to go through steps which ensures you are being offered and a product that suits your needs and circumstances. Many customers will want the absolute cheapest however may not qualify for that lender, so a process has to be gone through.

      Secondly,to explain how trailing commissions work. We receive trailing commissions on 100% of the actual loan balances owing less money in offset for customers' loans. Thisis often paid at different rates from the different lenders. It is impossible for us to guarantee how much money someone will physically owe on a loan for the life of their loan however to give you some high level context, if you multiply a loan balance by 0.15% you get an approximate cash back amount per year. Them multiply this by the length. Of time you have a loan in place. By having Home Loan Cash Back as your broker partner throughout the journey, you will see that the $1,000's of dollars is correct.

      I hope this clarifies your concerns and we ask you to remove the negative score now this has been thoroughly explained.

      Thank you and feel free to email us at [email protected]

    • LurvinOZB on 26/03/2018 - 08:08

      is there a broker or lender that allows you to select a product and process it without them telling you whats best or suitable?

      dont understand point 2; how to provide estimates when you dont provide info? magic crystal ball?

      • AssociatedMelbourneWest @ Home Loan Cashback on 26/03/2018 - 09:06

        LurvinOZB if you want just one choice that you select for a home loan, it is difficult to get with legislation around mortgages. You can walk into one bank I suppose and say 'I want that loan'. Although even then, the bank lender will be required to confirm suitability of the product vs your situation and circumstances.

        Regarding quantifying the trailing commission, again it is impossible to do so given the banks pay this on actual loan balances owing. Another way for you to think about this is that you are essentially getting 0.15% off the loan rate with the cash back.

        Hope this helps

  • thydzik on 26/03/2018 - 13:10

    thanks, I made contact and got a call back.

    Looks quite compelling.

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