This was posted 1 year 8 months 10 days ago, and might be an out-dated deal.

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Refinance Your Mortgage & Get Trail Commission Back (e.g. $100/Month on $800,000 Loan) @ Soren Financial

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Refinance Your Mortgage & Get Trail Commission Back (e.g. $100/Month on $800,000 Loan) @ Soren Financial
Go to Deal
MarketingLmans246 on 03/09/2022 - 20:19 sorenfinancial.com (2041 clicks)
Last edited 07/11/2022 - 11:24 by 2 other users

Soren Financial will give you back their trail commissions on any mortgages. E.g If you have a loan of 800,000, if you refinance with Soren Financial you can get a cashback from the lender but you will also get approx $100 per month (1,200 per year) which will save you interest and cut down time off your loan and help you pay your mortgage off quicker.

We do not advertise this, so send them an enquiry that you wish to know more about their trail back commission offer. https://www.sorenfinancial.com/contact-us/

Soren Financial aggregate through Finsure Australian Financial License 384704

We have some slots available left due to some applicants not passing servicing or not proceeding. If your loan size is over 500k and you are looking to refinance get in touch with us or book a time in with me here: https://bit.ly/3lAZKqL . We can take on another 10 clients under this offer.

THANK YOU FOR YOUR SUPPORT AND WE LOOK FORWARD TO ASSISTING YOU WITH YOUR FINANCE.

Financial Cashback Home Loan Refinance

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closed Comments

        • Marketingmans246 @ Soren Financial on 04/09/2022 - 11:38

          Email me at [email protected] and I can pull a report on the lenders you require (with cash back and without) and you can decide from there :)

  • Starannosc on 04/09/2022 - 09:22

    Hey there,
    My wife and I are looking at purchasing a $500K first home with 90%LVR, what potential rates and savings could we get back through you guys? Thanks for your help :)

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 11:33

      Hi,

      Email me at [email protected] and I can pull a report on the lenders you require at 90% LVR and email it to you :). Would be good to find out if you are first home buyers because then I can help you guys save on LMI.

  • gungirlyuna on 04/09/2022 - 09:49

    Would it count as taxable income?

    • spal on 04/09/2022 - 10:03
      +3

      IMHO probably not, because it is paid out of payments received from the borrowers. It the commission reimbursement is taxed then the mortgage repayments will potentially become tax deductible expense, as it would have direct co-relation between expense (the mortgage repayment) and income (the commission). This commission earned is different from someone making an effort to do business and earning an income. This is more like you reducing your expense.

  • bwill85 on 04/09/2022 - 09:50

    Hi,

    I am looking to see what you can offer on a refinance of probably 420-490k ,I guess the best cashback and P&I rate you can find on that

    Thanks

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 11:32

      Hi,

      Banks who offer cash backs, their rates are not the lowest in the market. They are trying to make money at the end of the day :) You are better off going with the lowest rate, ignoring the cash back offer (because they are charging a higher rate) and taking our trail comms offer.

      Email me at [email protected] and I can pull a report on the lenders you require (with cash back and without) and you can decide from there :)

  • gungirlyuna on 04/09/2022 - 10:01

    What’s the best rate and cashback offer for OOO, 500k loan for a property worth $1m.

    P&I or interest only with offset account.

    My family member is in the middle of refinancing if you can do better might move to you.

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 11:31

      Hi - we have been inundated via email with appointment bookings and enquiries. What I can tell you is this:

      (a) we can match what has already been offered + our promise of the trail comms back to your family member. This will save them thousands

      (b) Banks who offer cash backs, their rates are not the lowest in the market, they are trying to make money at the end of the day. You are better off going with the lowest rate, ignoring the cash back offer (because they are charging a higher rate) and taking our trail comms offer.

      Email me at [email protected] and I can pull a report on the lenders you require (with cash back and without) and you can decide from there :)

  • tanastra on 04/09/2022 - 10:37
    +11

    Hats off to OP as This is the most answered posting by OP ever in ozbargain - patiently !!! … well almost 😅

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 11:39
      +3

      Thank you :)

  • alz on 04/09/2022 - 11:46
    -1

    Hi Op, made an appointment next week. Let's chat and see what you can do for me.

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 16:41
      +1

      If you want to chat today, pm me your number.

  • stealthmatt on 04/09/2022 - 12:24

    Just sent an email :) hoping he can help.

  • menu1 on 04/09/2022 - 12:46

    Hi @mans246 thanks for sharing it and a nice value proposition to consider when my fixed PPOR + IP loans expire towards the end of the year…I assume contacting you now is a bit too early perhaps? BUT will sure to touch base in another month of twos time to see what's best on offer to refinance…looking forward to it.

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 14:50

      No problem - just email me and remind me that you came via Ozbargains

  • blackhorn on 04/09/2022 - 12:55

    I would like to cash out from property, am I eligible for trail rebate ?

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 14:49

      What is your loan size?

  • Solarz on 04/09/2022 - 16:11

    Sounds interesting. Sent a message on your contact us. Would be keen to have a chat this week to discuss further!

  • keithality on 04/09/2022 - 16:18
    +2

    OP, could you clarify if you are the owner of the business (per your reply in the first comment) If you are the owner, you should amend the description as it reads as if you are just associated with the business.

    • tanastra on 04/09/2022 - 19:16
      -1

      I just typed in Google Soren Financial review , and his profiles in linked in, Google review , Facebook and etc would pop up . DYOR

  • OzFrugie on 04/09/2022 - 18:15

    whats the best rate for IO Owner occupied for variable these days?

  • nimbin2k on 04/09/2022 - 21:01
    +1

    While I am not with advocating for OP nor Soren Financial, I have had trail commissions refunded to me monthly by another broker from loans as far back as ~2010.

    From my experience, and forgive me for not reading through all past responses, each lender has a different trailing commission rate. There are also clawback conditions (i.e must be a "new loan amount", not a simple refinance with the same lender, or loan must not churn within a certain timeframe).

    I remember going to other brokers and direct to banks to match the commission refund or reduced effective interest, and both were saying "you can't do/ask that", but I have seen this being offered by more brokers over the years.

    I have tried to get friends on board over the years, but all regard it as a scam or that their rate is better direct from the bank.

  • notewar on 04/09/2022 - 21:35

    My loan size is 360k….guess im missing out = (

    • Marketingmans246 @ Soren Financial on 04/09/2022 - 21:53

      email me so I can get an understanding of your background

  • eksnip on 05/09/2022 - 10:35

    Hi OP,
    What rate (and cashback) can you get on 500k mortgage, MUST have offset.
    Thank you.

    • Marketingmans246 @ Soren Financial on 05/09/2022 - 11:17

      Hi - we have pulled reports that I can email you for both owner occupier and Investor (owner Occ rates start at 3.59%). Email me at [email protected] . Please include a phone number incase we need to call you.

  • ialam99 on 05/09/2022 - 12:16

    A timely reminder that I should be reviewing my mortgage. When rates were coming down, I remember my bank sent me a full sob story around why they can't pass on the full rate drop because they source money from a lot of different sources and reserve bank rates are just one of those sources. However, when rates are going up, they seem to be giving me the full increase so not sure what happened to those "other sources".

    • DoctorCalculon on 08/09/2022 - 17:24

      It sounds like you didn't read the T&Cs from your dodgy bank. ;)

  • stockastics on 05/09/2022 - 19:13
    +1

    Has anyone successfully refinance with these guys?

  • Marketingmans246 @ Soren Financial on 05/09/2022 - 20:34

    GUYS DUE TO THE OVERWHELMING DEMAND,WE WILL BE ENDING THIS OFFER ON THE 9TH OF SEPT 22. I.E NOT ACCEPTING MORE CLIENTS FOR THE TRAIL COMMS OFFER AFTER THE 9TH.

    FOR ALL REMAINING BOOKINGS/APPOINTMENTS PLEASE BOOK HERE: Bookings.klime.com.au

    THANK YOU FOR YOUR SUPPORT AND WE LOOK FORWARD TO ASSISTING YOU WITH YOUR FINANCE.

    • BellaWii on 06/09/2022 - 08:53

      What does this mean if we book an appointment today for next week?

      • Marketingmans246 @ Soren Financial on 06/09/2022 - 14:43

        Thats fine, doesn't matter when you book for - we just wont be taking any more bookings from Friday.

    • oblivianz on 07/09/2022 - 11:06

      I'm looking to refinance. I've sent an email on Sunday but haven't received a response, I understand you have an influx of email at this time. Should I book for 'client fact find' or 'loan assessment review'?

      • OzFrugie on 07/09/2022 - 11:45

        Same. Havent heard back after I provided my email… maybe too busy but hoping to hear soon OP

        • Marketingmans246 @ Soren Financial on 07/09/2022 - 13:22
          +1

          Hi - Sorry there is a massive backlog but we are working through it :) You will hear from us this week

      • Marketingmans246 @ Soren Financial on 07/09/2022 - 13:22

        Hi - Sorry there is a massive backlog but we are working through it :) You will hear from us this week

  • No Child Support on 07/09/2022 - 12:30

    Just booked in a meeting for the earliest appointment which is in 2 weeks time. Confirming if the trail commission will still be available? I was in the process of refinancing with my current broker but as this deal is better, im more inclined to go with you guys if the deal is still available to me.

    • Marketingmans246 @ Soren Financial on 07/09/2022 - 13:20
      +1

      email me to discuss [email protected]

      Just want to give you a heads up, we don't take on clients who have engaged a broker who has completed work. It is not what we are about :).

  • Marketingmans246 @ Soren Financial on 23/09/2022 - 09:45

    Hi All, we just updated our heading on this deal, there have been some slots become available (non responsive/not servicing etc). If your loan size is greater than 500k (net of any cash in your offset account) then get in touch. We have 10 more slots we can take under this offer of trail back. Book in a time to chat here: https://bit.ly/3lAZKqL

  • plasmog on 02/10/2022 - 12:38

    I think this is a good deal, however a lot of the responses here seem to be from rival brokers who are salty you are offering this and intend to shut you down by complaining to the aggregator that it is unfair.

    • Marketingmans246 @ Soren Financial on 14/10/2022 - 10:34

      Yeah i have definitely copped flack from the industry for thinking outside the box. I just thought that giving some of what we earn back to the consumer at a time of rising costs would be a good thing…

      • flashi007 on 15/10/2022 - 23:19

        I emailed you guys but never got a response

  • Marketingmans246 @ Soren Financial on 04/11/2022 - 22:50
    Merged from Refinance Your Mortgage or Home Loan & Get Trail Commission Back (e.g. $100/Month on $800,000 Loan) @ Soren Financial
    Go to Deal

    Our trail back offer is back !

    Soren Financial will give you back their trail commissions on any home loans / mortgages. E.g If you have a loan of 800,000, if you refinance with Soren Financial you can get a cashback from the lender but you will also get approx $100 per month (1,200 per year) which will save you interest and cut down time off your loan and help you pay your mortgage off quicker.

    We ran this offer at the beginning of September and were overwhelmed with the response, over 80 email enquiries + our calendar booked out for three weeks. We are now able to offer this again however there are some rules.

    1. Your home loan amount needs to be over 500k net of Offset funds (sorry it just is not feasible for us otherwise and also not worth your while either).
    2. You cannot refinance your mortgage through us if you recently (within 18 months) refinanced your home loan via a broker. Doing so screws them over as their commission is clawed back by the lender and we do not want to be a part of that process.
    3. We cannot quote interest rates for home loans online or on this forum, if you would like a product comparison sheet with different mortgage products, please email us and we can send one that is closest to your LVR (Loan Value Ratio). Brokers are middle men so what ever rates you see online, we can source on your behalf via lenders on our panel.

    We do not advertise this via any other channel, when we posted this last time it caused allot of controversy within our Industry from other brokers, complaints were made to Industry bodies, other brokers made fake bookings in our calendars and I got some interesting emails/messages from brokers irate etc etc . I personally think that what is on offer is a win-win and we have been given the green light from our Industry body however we have rules we need to follow around quoting rates etc.

    If you would like to take up the offer from the lenders for cash back this is on top of the trail you will receive from us. Send through an enquiry mentioning our trail back commission offer. https://www.sorenfinancial.com/contact-us/ or book a time in with me here: https://bit.ly/3lAZKqL .

    Soren Financial aggregate through Finsure Australian Financial License 384704

    THANK YOU FOR YOUR SUPPORT AND WE LOOK FORWARD TO ASSISTING YOU WITH YOUR FINANCE.

    • Dvbargain on 04/11/2022 - 23:05
      +2

      You do not advertise this?

      He says in an advertisement

      • mr_asstight on 04/11/2022 - 23:42
        +1

        It's not an advertisement if he says it's not, lol

    • mr fox on 04/11/2022 - 23:07
      +5

      Mortgage brokers hate him.

      • Marketingmans246 @ Soren Financial on 05/11/2022 - 08:34

        I can't relate as I don't hate anyone. :)

    • CyberMurning on 04/11/2022 - 23:08
      -1

      So how do you make profit then or all we want to do is doing free work helping the ozb community?

      • Marketingmans246 @ Soren Financial on 04/11/2022 - 23:13
        +3

        Mortgage brokers are paid an upfront commission + a monthly trail. We are offering up the trail component…

      • Aureus on 04/11/2022 - 23:13
        +1

        They still get an upfront commission.

    • Pegadeals on 04/11/2022 - 23:24

      How much would I be looking at saving with a 550k loan per month?

      • Marketingmans246 @ Soren Financial on 04/11/2022 - 23:31

        It is basically $825 per year for a 550k loan, which compounded into your home loan annually + a lender cash back (4k from STG, ANZ and Citibank for example) is nothing to sneeze at.

      • shegeloaf on 05/11/2022 - 09:23

        You never save on refinance guys. Learn some accounting .
        Al they do is restructure the loan terms over a longer period with slightly better rates. But you get bit by the interest you pay for the additional years.

        • TheBlackMini on 05/11/2022 - 10:27
          +2

          Don't restructure the loan over a longer period, keep the same period you've got now or shorter?

          • Marketingmans246 @ Soren Financial on 06/11/2022 - 10:45

            @TheBlackMini: Refinancing doesn't mean automatically resetting your loan, we dont do that unless the client specifically asks for it and even when they do we ask why? We don't recommend it for obvious reasons however an example of when you would reset is when a client is releasing equity and making another purchase and they want cashflow to be manageable. That is one example there are others…

    • ruskiromka on 04/11/2022 - 23:24
      +1

      Are you charging a monthly fee?

      • Marketingmans246 @ Soren Financial on 04/11/2022 - 23:31

        No

    • s26f84 on 04/11/2022 - 23:32

      Your home loan amount needs to be over 500k net of Offset funds (sorry it just is not feasible for us otherwise and also not worth your while either).

      lets say my mortgage is 1.8m and 1.6m sitting in offset. ifms that not acceptable?

      • Marketingmans246 @ Soren Financial on 04/11/2022 - 23:44

        The bank will only pay out an upfront on 200k and the trail will be measly, the banks don't want those loans either so no one really benefits. E.g a 0.5% rate difference on 200k is so small, it isnt going to change your life.

        • Just Invest on 05/11/2022 - 10:17

          You just make them refi 1.8mil loan.
          Get paid upfront.
          Customer put 1.6mil back to offset
          You get 0.2mil trail
          Pay customer 1.8 worth of trail?
          Just being a Ozbargainer for you.

          • Marketingmans246 @ Soren Financial on 05/11/2022 - 10:43

            @Just Invest: Thats not compliant, and not how we operate. And also the bank will claw back the difference.

      • jlogic on 04/11/2022 - 23:49

        Hide the other money elsewhere and then move it later.

    • R14 on 04/11/2022 - 23:58

      What is current best rates for investment property loan with good cash back? I am with cba and they charge close to 5% plus .25% Nov hike

      • Marketingmans246 @ Soren Financial on 05/11/2022 - 00:00

        Please read the post in full

        • R14 on 05/11/2022 - 00:12
          +2

          I’ll email but it would helpful to share the range to know the best options

          • Marketingmans246 @ Soren Financial on 05/11/2022 - 08:35

            @R14: Email me and I will send it over to you

            • R14 on 05/11/2022 - 10:16

              @mans246: Sure I have sent the email. Pls check

    • Flintz on 05/11/2022 - 00:21

      Why does it need to be net of offset funds?

      • Marketingmans246 @ Soren Financial on 05/11/2022 - 00:25

        That is how the lenders pay out comms on. What is net loan amount subtracting what sits in the offset. That is what the trail is based on as well.

    • ValueInvesting on 05/11/2022 - 00:28

      LVR (Loan Value Range)

      Loan to Value Ratio

      • Marketingmans246 @ Soren Financial on 05/11/2022 - 00:31

        Typo, thanks…

    • crazy horse on 05/11/2022 - 08:22
      +1

      How many months does the trail go for?

      • Marketingmans246 @ Soren Financial on 05/11/2022 - 10:07

        24 months. If you choose to refinance with us again later on down the track, we could offer you the trail again (subject to normal lending criterias).

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