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

Take a look at the savings on a $350,000 National Australia Banks, 30 year Homeside HomePlus Package:

The current interest rate of this loan is 5.82% p.a. (effective 04-02-2010) however many other lenders and loan products are also available. Savings are based on home loan refunds being deposited directly to your loan. You can download a copy of the calculations here.

Save more every time

You often hear that mortgage brokers save you time and money. We do it better than anyone.

Mates Rates helps you make a simple mortgage choice then dramatically reduces the time and money it takes to repay your mortgage by depositing monthly refunds into your home loan. This works out up to 10 times better for you than once-off rebaters like Refund Home Loans.

So whatever you do, don’t confuse Refund Home Loans the franchise, with refund home loans from Mates Rates. We’re better. Click here to arrange a free, no obligation appointment or call 1300 55 81 61.

Impartial Mortgage Brokers

Unlike most brokers, your Mates Rates mortgage broker does not work on commission. They are full time professional employees. When it comes to choosing different lenders and loan features, your Mates Rates broker offers impartial advice on each of our lenders and their products.

So whilst our competitors use a complex mix of sub-contractors, franchisees and commission based brokers, you can be sure the person you deal with at Mates Rates is employed by us, to look after you.

100% Mortgage Refunds

Mates Rates pays you 100% of ongoing commission which is the largest piece of the commission pie and the bit that mortgage ordinary mortgage brokers want to keep – When you see how much it can save you, you’ll understand why.

Monthly Refunds

After we help you arrange your mortgage, we pay 100% of ongoing commission to your mortgage on a monthly basis to maximise the savings you get at Mates Rates.

The best our competitors can manage is once a year. Some of them, just once per loan and the others, never.

Refunds Are Yours To Keep

Unlike other refund mortgage brokers, your home loan refunds are never at risk. There’s no nasty fine print (sometimes called “clawback”) that obliges you to repay your refund if circumstances change.

It’s your money, 100%.
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Mortgage brokers often claim to work for FREE because the work they do is paid for by the lender. This is called commission and we share as much of it with you as possible. (Think thousands of dollars, not hundreds).

Borrowers who have used other mortgage brokers tell us our service is the best they have experienced. They are simply stunned that we share so much of our commission. We do it, because as time has proven, we can.

The two most generous options

Mates Rates Mortgage Brokers offers all our clients a choice between the two most generous mortgage rebates available in Australia. We know, because in 2002 we invented Ongoing Rebate Payments which is where we pay ongoing commissions into your pocket. 100% of ongoing commissions and you can’t get more generous than that.

However in response to requests from some borrowers we also introduced  a Single Rebate Payment so now there are two rebate payment options you can choose to receive regardless of what loan features, which product, what loan amount or which lender that best meets your needs from our superwide lender panel.

1. Ongoing Rebate Payments or ORP happen over time and take longer to accumulate
2. Single Rebate Payments or SRP’s happen faster and unlike any other broker, have no strings attached

Add to that, full time, professional mortgage broker help, our exclusive satisfaction guarantee and an established reputation for simplicity, support and savings and you have a recipe for a better mortgage solution at wholesale prices.

Here are a few recent comments on what we do and how we do it.

First Time Buyer – Wonderful

Our decision to go with MatesRates was one of the best ones we made last year.

Everything went all good and smoothly, and Trent Lee and the team did a wonderful job in assisting us to get the best loan for us. Just give them a list of features that you want in a loan, and they will be the one doing the hard work for you.

In addition to that, you couldn’t go wrong with the ongoing comission rebate,

At first we were thinking this is a bit too good to be true, and most people would probably think so too, but this is actually a very good example of thing that is done right. They’re happy, We’re Happy. it’s a win win situation. In fact, we just received it again few days ago. I know someone who gost 400$ back from the homeloan broker, but it’s a one off thingy, where ours is ongoing. On a different note, you don’t really need to meet them personally, everything can be done by Phone or Emails so this will suit people with jobs. We’re really happy with them and we always tell everyone about it as soon as we’re talking about homeloan. Contact them now, and you’ll know why we’re happy.

Andrew & Indrawati on Mates Rates help buying their first home.

Overseas Buyer – Unbeatable

In December of 2007 we bought our first home in Australia. Mates Rates was recommended to us. Even though we were difficult and extremely demanding they were professional and helpful and got us a deal that we could not beat anywhere. They were careful to ensure that we were informed throughout the whole process and there were no surprises.

They continue to follow up with us to ensure that we are happy customers and keep us informed. All in all a great experience!

Kerry & Desi on Mates Rates help buying their first home in Australia.

Refinance – Easy, no pressure

My experience with Mates Rates Mortgages was extremely positive. There was significant consultation about my requirements for a home loan which was followed by the provision of a variety of information about options that might fulfil the criteria that I had outlined. The information was provided in a format that was easy to understand and interpret and allowed comparison between products. The broker was available to answer questions at any time and appeared to have a comprehensive knowledge of a wide range of products from different lenders. At no stage did I feel pressured to sign up with any particular company.

The service provided by Mates Rates Mortgages was excellent. I was able to contact them at any time and timeliness of responses to questions/requests always exceeded my expectations. Once we decided on a loan product, their staff stepped me through the completion of the paperwork which saved a lot of time and reduced a lot of stress. We were moving interstate at the time and had significant time constraints. With the assistance of Mates Rates Mortgages, we were able to meet our extremely tight timeframes. Our lender at the time did not provide any options or seem interested in assisting us meet our requirements. It was an easy decision to discharge our loan with that particular organisation.

Based on my experience, I would recommend Mates Rates Mortgages regardless of any commission refund. Their service warrants referral irrespective of any refund. The broker did not push a commission refund as a selling point with any particular product – it was mentioned more as an added benefit rather than a reason for making a decision one way or another. The focus was geared towards meeting my requirements. I have been very happy with the recommended product as I had made an informed decision which was based on accurate information provided by the broker.

First Home Owner – Awesome

 “You have been awesome, I cannot believe there are so many organisations out there that lack professionalism but you have kept my belief that there are still great business people out there…”

Police Officer Darren, on Mates Rates Mortgages help financing his first home.

Next Home Buyer – Incredible Support

“I would like to express my sincere thanks to you and the team at Mates Rates, especially Jodie who provided incredible support and constructive advice during my recent home loan settlement.

Due to circumstances beyond my control the settlement date was delayed for some four months and it was during this most stressful time that Mates Rates showed their true professionalism and industry ‘know how’. Your advice to ‘lock in’ my mortgage rate proved to be invaluable information, virtually saving me 1,000’s of dollars off my mortgage and for this I truly thank you.”

Staging Manager Glenyse on Mates Rates help purchasing her dream home off the plan.

Investment Property – Professionalism

“My sincere thanks for your commitment and professionalism in establishing this loan facility.

One happy customer.”

Accountant Paul on Mates Rates help financing a new investment property.

First Home Owner – Forget the others

Trent Lee and his team were fantastic, they found me a loan for my first home that had all the options I wanted. Funny not one of the other brokers even mentioned the lender with whom I obtained my mortgage. With the bonus of the Mates Rates rebate I have no hesitation recommending their service. Forget the others, for better deals go MATES RATES!!”

Storeman, Graham on Mates Rates help financing his first home.

Refinance – A diamond in the rough

“Alan and I have dealt with several other brokers over the past five years and came to you because, quite frankly, they didn’t deserve the repeat business. We will definately be coming back to ‘Mates Rates when we are ready to purchase our next property. Your professionalism, attention to detail and customer service is exceptional. From the very first phone call, all the way through the process you didn’t miss a beat.

As all the other brokers boast ‘after sales service’ this is where I was most impressed. A letter asking us if we’re happy and offering to change things if we weren’t – at no cost? Remarkable! and the cheque in our account each month is the icing on the cake.

In a ‘cut throat industry’ Mates Rates have turned out to be diamond in the rough. Looking forward to doing business again in the future“

Staff Officer Trudi on Mates Rates help refinancing.

Ongoing Rebate Payments (ORP) is money we pay to your loan from Ongoing Commission we receive from your lender for brokering your mortgage.

When and how much?

ORP’s are smaller payments paid monthly for the life of your mortgage. ORP’s are 100% of the entire Ongoing (sometimes called Trail Commission received by Mates Rates.

It includes any special discounts or bonuses that affect the Upfront Commission paid by your lender to Mates Rates for your loan.

I am currently paying 5.10% interest, but with the Mates Rates Rebate of 0.30% I am effectively paying 4.8%.

Below are the rebates that I have had direct deposited into my offset account over the past 6 months thanks to Mates Rates generous rebate structure:

August $165.09, July $160.07,  June $165.40, May $149.39, April $165.30 March $165.20

I could not recommend Mates Rates Mortgages highly enough.

Darren

From little thing big things grow.

Although ORP payments start out a LOT smaller than an SRP, the can really add up over time, especially if you deposit them as extra payments to your mortgage. All ORP’s ares yours to keep, no matter what happens. Even if the lender initiates a “clawback”.

What’s clawback? It’s complex and it’s nasty. But don’t worry, at Mates Rates, it doesn’t affect you, because you keep your ORP no matter what.

Can I get an SRP and ORP?

Sorry, but we have to pay our staff because we need them to look after you. You can only choose one or the other.

A Single Rebate Payment (SRP) is money Mates Rates pays to you from the Upfront Commission we receive from your lender for brokering your mortgage.

When and how much?

An SRP is paid within 60 days of your mortgage settling and is 25% of the entire Upfront Commission received by Mates Rates.

It includes any special discounts or bonuses that affect the Upfront Commission paid by your lender to Mates Rates for your loan.

A bird in the hand.

An SRP is paid to you in the beginning of your loan when your money is most valuable and it’s yours to keep, no matter what happens. Even if the lender initiates a “clawback”.

What’s clawback? It’s complex and it’s nasty. But don’t worry, at Mates Rates, it doesn’t affect you, because you keep your SRP no matter what.

Can I get an SRP and ORP?

Sorry, but we have to pay our staff because we need them to look after you. You can only choose one or the other.

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Mates Rates now pays you 100% of all ongoing commissions and continues to offer home buyers unique advantages including:

• 100% Mortgage Rebates
• 100% of Lender Products impartially compared
• 100% Professional
• 100% One Company
• 100% Independent

We want to help you find, arrange and pay off your ideal mortgage as quickly as possible.
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