My name is Trent Lee and as Founder of Mates Rates Mortgage Brokers, I would like to say welcome.

Like the Team at Mates Rates, I see the world differently to most brokers, because I am always thinking that there has to be a better way. Not a better way to make massive profits. A better way to help you.

I promise that by using Mates Rates Mortgage Brokers:

• You get the largest rebate available, saving you up to TEN times more than many refund home loans.
• Your broker doesn’t work on commission. They are full time employed, experienced  professionals.
• You get plain English help with one of the largest lender and product ranges available.
• You are supported by a team of dedicated professionals striving to help you acheive.
• We will continue to listen to you.

I am so passionate about what Mates Rates offers I still work in the business whenever I can and the Team will continue to develop new ways to give better help than any other mortgage broker, bank or lender.

Thank you for visiting and I hope Mates Rates is all that you could want and more.

Trent Lee
Founder

(02) 43500 900

A brief history

2001 Search begins to find things I could fix

2002 Work begins on a better value mortgage broker method

2003 Patent application lodged for commission refund home loans model

2004 Mortgage broker launched as bSmart

2004 In an Australian first bSmart appears on Today Tonight refunding Upfronts and Trailing Commissions

2004 Customer suggests bSmart is hard to remember and suggests Mates Rates.

2005 Renamed Mates Rates because the Customer made sense

2006 Mates Rates develops simple, standard customer reports providing leading edge transparency

2007 Mates Rates appears on Today Tonight

2008 Mates Rates Featured on Channel Nine’s ‘Extra’ in a segment called ’Refund Home Loans’

2009 In another Australian first, Mates Rates introduces CANNEX star ratings to mortgage selection criteria

However you can – not just cheaper, but better as well, because we think of you as a mate. A Mates Rates Mortgage Broker makes choosing a better mortage from hundreds of options simple. Here are 5 things we do to get you a better deal:

1. 100% Mortgage Rebates
2. 100% of Lender Products impartially compared
3. 100% Professional
4. 100% One Company
5. 100% Independent

Request a free appointment – No charge, no obligation and in the comfort of a time and place that suits you. You can also call us on 1300 55 81 61.

100% Mortgage Rebates.

Lenders pay mortgage brokers, including Mates Rates, an ongoing commission which can be up to 0.35% p.a.

We pay 100% of it to you, each month as a mortgage rebate and we still don”t need to  charge you a fee for arranging your loan either.

That’s becuase most of the work done by a mortgage professional is in loan selection and arrangement so Mates Rates Mortgage Brokers uses the Up Front commission, also paid by lenders, to cover this work. As a guide, the UpFront for an average sized loan is around $2,100 which enables us to run a professional business.

No other mortgage broker does this, although we have been paying ongoing rebates to our clients since 2004.

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100% Inclusion. We search, you save.

It may come as a shock to you, but brokers including Aussie and Mortgage Choice exclude dozens of leading products and lenders from their comparison process simply because the commissions paid for those products are too low. In fact Mates Rates offers 4 times the number of CANNEX 5 Star Fixed Rate loans and 25% more 5 Star Variable Rate loans than you can access through Aussie.

100% of all products from any lender willing to pay Mates Rates any commission for brokering those products are included in our searches, impartial comparisons and recommendations.

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100% Professional. No adviser commissions.

Your dedicated Mates Rates mortgage broker is a qualified and deeply experienced finance professional. Unlike most mortgage brokers, our brokers work for a salary, not commission.

Mates Rates mortgage brokers look out for the fine print, extra costs and discounts as well as the interest rate to provide you with a better indication of the real cost of a different options. Even small differences in your mortgage rate, the fees and charges, discounts and rebates could save you thousands in the long run.

We pay them to do one thing and one thing only, to offer you the best advice and help they can.

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100% One Company.

Mates Rates Mortgage Brokers is not a franchise and it does not subcontract mortgage brokers, which means we take more care in choosing, training and supporting our mortgage broker and support team.

You’ll never get stuck in the middle of he said/she said because we are one company. 

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100% Independent.

Mates Rates is not just independently owned and operated, the state of the art software your Mates Rates mortgage broker uses is also independently owned, developed and maintained. This specialist finance tool is in use in leading mortgage research businesses, other mortgage brokers as well as lenders.

The information the software uses is regularly updated and is provided by independent finance research company Canstar CANNEX.

Find a home loan with someone you can trust, talk to a professional. Request a free appointment – No charge, no obligation and with the comfort of a time and place that suits you. You can also call us on 1300 55 81 61.

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• Get simple, consistent help on a better range of lenders
• Access savings you can’t get with old style brokers
• No pressure convenience and support

Getting started is simple, just make a 10 second enquiry.

Better lenders and more of them

Get simple, one point access to a better range of lenders than you will with most traditional mortgage brokers.

Mates Rates will simplify your choice between thousands of different loan options available from our better range of lenders. In the latest CANNEX Home Loan Star Ratings, Mates Rates offered around 3 TIMES MORE Fixed Rate Loans with a 5 star rating and about 25% more “Outstanding Value” variable rate loans than  traditional brokers like Aussie.

Online Mortgage broker savings

Mates Rates reduced costs means we provide you with a better service and more generous mortgage rebates than any moragage lender or broker. We pay you a choice of either 100% of ongoing commissions we receive or,  25% of the up front commission we receive.

Although mortgage brokers claim to be free, they’re not. As an online mortgage broker, Mates Rates takes those commissions and puts them back into your pocket.

Convenient and Professional

Even though you can deal with Mates Rates online, doesn’t mean you miss out on service. You are assigned a dedicated mortgage professional to work with you throughout. You can reach them  by telephone, email and fax to get the answers you want and the support you need.

Your Mates Rates mortgage broker is a full time employee of Mates Rates and does not work for commission so they are driven by your needs, not theirs or the lenders.

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There are only a limited number of mortgage brokers offering mortgage refunds and of those, the Mates Rates team who invented Ongoing Rebate Payments in 2003, still offer the most generous mortgage refunds available.

Mortgage Refunds – How they work

Whenever a mortgage broker arranges your home loan or investment property loan, your lender pays them commissions. These commissions are built into the ‘retail price’ of your loan, so you get the same deal when you go to a lender directly or retail mortgage broker. This is why many people think mortgage brokers are ‘free’.

A few years back, rebel mortgage brokers, including Mates Rates began offering their customers a share of the commission pie, which is around 4-6% of your loan amount. So a $300,000 mortgage generates around $12,000 to $18,000 in commission.

Of course Mates Rates Mortgage Brokers invented the Ongoing Rebate Payment which remains the most generous Mortgage Refund by refunding 100% of all ongoing commissions on a monthly basis. That adds up to around 85% of the total commission.

How Mates Rates can do it

We work smarter and are more generous. We have removed the layers of profit and cost the ordinary mortgage brokers carry. But don’t worry, we’ve invested to make sure we offer a better service, so as well as offering the most generous mortgage refunds, you also get:

• A dedicated, non-commission mortgage professional
• Help with thousands of mortgage options
• Around 3 TIMES MORE 5 Star Rated Fixed  Rate Loans than ordinary brokers
• About 25% MORE ‘Outstanding Value’ Variable rate loans
• Simple, side by side help with your mortgage choice, arrangement and more

Arrange a free, no obligation to find out how Mates Rates can help you by making an online enquiry or calling us on 1300 55 81 61.