How does Mates Rates Mortgage Brokers get paid?

Like all brokers, we receive an upfront commission from the lender who funds your loan; but no matter which cash back loan you choose, we are always paid the same amount. Unlike a Cash-Grab mortgage broker that may choose a higher commission paying lender to recommend to you.

For example, if the upfront commission is higher than our fee, we pay you the difference.  If it is lower, it can be made up from your cash back – you decide.  Call it a cash back bonus if you like, but we call it a Lender Commission Leveller or LCL.

Our capped fee paid by the lender’s commission, means you can rest assured knowing our recommendations are fair-dinkum and under no influence by the commissions – because mates will always do the right thing by their mates!

Find out more about different types of cash back.