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NSW Get 70% of Upfront Commission on All Home Loans (Includes CBA, WESTPAC, ANZ, NAB and More)

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NSW Get 70% of Upfront Commission on All Home Loans (Includes CBA, WESTPAC, ANZ, NAB and More)
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AssociatedLKNM on 30/08/2011 - 12:34 knmfinancesolutions.com.au (224 clicks)
Last edited 30/08/2011 - 13:40
OZBARGAIN

Hi Ozbargainers,

KNM Finance Solutions is offering Ozbargainers 70% of the upfront commission we receive from your successful home loan application.

We have a full range of finance solutions from a panel of over 30 Banks and lenders, we'll find the right home loan solution for you.

Whats the catch you ask?

All you need to do is make sure you pay your mortgage on time and remain with the loan for the relevant lenders 'clawback' period (which is usually 2 years).

So send an email to [email protected] with the code word "OZBARGAIN" with your name, contact number and a brief description of what you are after e.g. Purchasing a first home, refinance, investment.

If we get "OZBARGAINED" please be patient. I will make sure all enquiries will be responded to asap.

Khanh Ma
KNM Finance Solutions

Edit: Offer is for NSW only. Apologies for any confusion caused.

Financial Loan

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closed Comments

  • wisc on 30/08/2011 - 12:43
    +1

    -sniff, sniff- anyone else smell spam somewhere round here?

    you may not get "OZBARGAINED" for your "ozADVERTISMENT"

  • AssociatedKNM @ knmfinancesolutions.com.au on 30/08/2011 - 12:47

    Hi Wisc,

    KNM Finance Solutions does not send out spam emails.

    The clause was only added as a precaution.

  • medium_tight on 30/08/2011 - 12:50

    huh? get ozbargained? sounds very optimistic

    • wisc on 30/08/2011 - 12:51

      take it easy on him its his first post ;) :P

      • medium_tight on 30/08/2011 - 12:54

        it's not a bargain. because most of the finance co. WAIVED 100%.

        • wisc on 30/08/2011 - 12:56

          they still get some kick backs or they wouldn't be doing it.

          unless you go directly to the banks - even then you possibly wont get it cheaper than a broker, i did notice however some banks have "exclusive" deals that they dont offer to brokers.

          why would a broker deal with a bank that undercuts them, kind of defeats the purpose.

      • AssociatedKNM @ knmfinancesolutions.com.au on 30/08/2011 - 12:55
        +2

        Thanks, I like to keep a positive outlook on life.

  • delfredo on 30/08/2011 - 12:59

    How much are we talking about here? Say on a $500k loan?

    • AssociatedKNM @ knmfinancesolutions.com.au on 30/08/2011 - 13:06
      +1

      Based on the 'average' rate of 0.5% you would get 70% of $2,500.

      Note that some lenders pay a higher/lower rate.

      However the main thing is to find the correct home loan that fits your requirements and not base the lender on the amount of commission received.

      As that will save you more in the long run.

      • Tiger on 31/08/2011 - 18:14

        KNM, is that $2,500 paid to the delfredo a taxable income to delfredo? If so, and delfredo is on the highest marginal tax rate, that could be worth nearly half!

        What about GST? Do you pay the GST on top of the $2,500 and then is GST payable by delfredo?

        • AssociatedKNM @ knmfinancesolutions.com.au on 31/08/2011 - 20:24

          Hi Tiger,

          I've been advised by my accountant that no tax is payable.

          No GST will be paid on top of the $2,500 as the GST will be forwarded to the Tax Office.

  • Cluster on 30/08/2011 - 13:08

    I recently applied for a loan through a finance broker and paid absolutely nothing. Sure, the broker gets a trailing commission but it's charged to the bank and not me (the % was disclosed to me for all 30 lenders reviewed). My interest rate is the same whether I had gone through a broker or not and there are no yearly or monthly fees.

    • Hellfire on 30/08/2011 - 13:13

      Brokers get both upfront and trailing commissions. Customers don't pay either of these.

      • chacha on 30/08/2011 - 14:35

        Recently when I was checking for trailling commissions, I came across several companies which offer the customers to claim back a portion(home loan + car loan + super+ insurance etc..) of the commissions. I just googled a company http://www.yourshare.com.au/trailing-commissions.aspx
        I was keen on this, does any one tried this? any comments please? :D Thanks heaps guys

  • FirstNameLastName on 30/08/2011 - 13:29
    +6

    it's a pity to get this bargain I'd have to buy into one of the most non-bargain property markets in the western world.

    • GreatWhiteHunter on 30/08/2011 - 18:51

      LOL - as long as the government keeps spending and we keep digging up resources to sell to the Chinese your property prices will be OK…

      • wisc on 30/08/2011 - 19:18

        and as long as China keeps buying them….

  • ValueInvesting on 30/08/2011 - 20:39
    +1

    Reasonable deal. Beats going to another broker and getting 0% of the commission!

    • Tiger on 31/08/2011 - 18:10

      That depends on the service you are going to receive. The Broker that doesn't pay you their commission will view you as a more valuable client and, arguably, give you a higher level of service. In this case, if this Broker is only keeping 30% of his commission, you will be a fairly low value client compared to his other (non-ozbargain) clients who he does not have to pay.

  • AssociatedKNM @ knmfinancesolutions.com.au on 31/08/2011 - 20:26

    Hi Tiger,

    That statement is incorrect. KNM Finance Solutions clients will be provided a high level of service regardless of whether they receive 0% or 70% upfront commission.

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