Monthly Cash-back
100% of our trailing commission will be credited to your loan every month*, reducing your effective investment mortgage rate over time.
* for loans settled through our aggregator Finsure.
The original cash-back mortgage broker since 2005. Same loan, same lender, same rate, with monthly cash back for the life of your loan.
A cash-back home loan is a mortgage arranged through a broker who, instead of keeping the ongoing trailing commission paid by the lender, credits it directly to your home loan account every month. At Mates Rates Mortgage Brokers, founded by Trent Lee in 2005, every borrower receives 100% of that trailing commission as a monthly cash-back credit for the entire life of their loan*. Other Australian mortgage brokers keep these trailing commissions. Mates Rates credits them to YOU! That difference is worth tens of thousands of dollars over your loan term.
* since 2018 only available for loans settled through our industry leading aggregator Finsure.
$15M+
Cash-back paid to borrowers
45+
Lenders compared
Since 2005
Australia’s original & best cash-back broker
When a mortgage broker arranges a home loan, the lender pays them two types of commission. An upfront commission is paid once when the loan is settled. A trailing commission is paid monthly for the entire life of the loan, typically calculated as a percentage of the outstanding loan balance daily and paid monthly.
Other mortgage brokers keep both commissions. Mates Rates Mortgage Brokers credits 100% of the ongoing trailing commission paid to us through our aggregator Finsure, directly to your home loan account every single month. The loan, the lender, and the interest rate are exactly the same as going directly to the bank. The only difference is the monthly cash-back credit you receive for the life of the loan and at tens of thousands of dollars savings over the loan term, what a massive difference it is!
On a $500,000 home loan at a rate of 4.51% pa over 30 years, the Mates Rates monthly cash-back credit amounts to approximately $13,993.68 in total cash back payments. When those credits are applied directly to your principal, the compound interest savings grow to approximately $21,187.77 over the full loan term.
The Lender Commission Leveller is a Mates Rates proprietary process that ensures no lender is excluded from recommendation because they pay a lower commission rate than other lenders. Because we refund all trailing commissions to you anyway, we are not incentivised to recommend any particular lender. You always get the most cost-effective home loan for your needs, not the most profitable one for us.
If a lender pays a lower upfront commission than our standard threshold of 0.65%, you can nominate for the difference to be offset against the trailing commissions until recovered. Once recovered, the full monthly cash-back credit begins. This process is unique to Mates Rates and guarantees none of our panel lenders is excluded from recommendation because they pay less commissions, and that our recommendations are always in your best interest.
100% of our trailing commission will be credited to your loan every month*, reducing your effective investment mortgage rate over time.
* for loans settled through our aggregator Finsure.
The lender’s upfront commission funds our business. You pay nothing extra for our broking service.
Our Lender Commission Leveller ensures no lender is excluded. You always get the best loan, not the most profitable one for us.
You receive the same interest rate you would get going directly to the bank, plus the monthly cash-back credit on top.
Our brokers compare rates from 45+ lenders and guide you through every step at no cost.
When the cash-back credit is applied to your loan principal each month, it reduces your balance and the interest you pay on it, creating a compounding interest saving over time.
A cash-back home loan is a home loan arranged through a mortgage broker who credits their ongoing trailing commission back to your loan account every month, rather than keeping it. At Mates Rates, you receive 100% of that trailing commission paid to us through our aggregator Finsure, as a monthly cash payment for the full life of your loan. The loan itself is the same product from the same lender at the same interest rate you would receive going directly to the bank or an ordinary mortgage broker.
The monthly cash-back amount is based on the lender trailing commission rate, which is typically around 0.15% to 0.25% per annum of your outstanding loan balance. On a $500,000 loan, this equates to approximately $625 to $1,040 per year, or $52 to $87 per month. The exact amount varies by lender, any cash in redraw or offset, days in the month and reduces slightly as your loan balance reduces over time. Use our cash-back calculator to see a personalised estimate.
Your monthly cash-back credit usually commences in the third month after your loan has settled and the lender is paying trailing commissions to us through our aggregator Finsure. Credits are applied directly to your home loan account each month.
No. You receive the exact same interest rate you would receive going directly to the lender. There is no rate premium for the cash-back service. The monthly cash-back credit is in addition to the standard rate, effectively reducing your net interest cost over the life of the loan by up to 0.25% per annum. Don’t Wait for the RBA, Get Your Own Rate Cut Today!
The Lender Commission Leveller is a Mates Rates proprietary process that ensures no lender is excluded from our recommendations based on the commission they pay us. Because we return all trailing commissions to you anyway, we have no financial incentive to prefer one lender over another. This makes our recommendations genuinely the lowest life of loan cost unlike other mortgage brokers whose income can be influenced by which lender they recommend.
Yes. The cash-back offer applies to both new home loan applications and refinancing. If you are currently with a lender and not receiving a Mates Rates cash-back credit, refinancing to a Mates Rates loan could save you tens of thousands of dollars over the remaining life of your loan. Contact us for a free home loan health check to see what you could be saving.
Book a free call with a Mates Rates broker to discuss your home loan options. We compare rates from 45+ lenders, handle the application, and credit cash back to your loan every month for the life of the loan at no cost to you.
A cash-back home loan is a home loan arranged through a mortgage broker who credits their ongoing trailing commission back to your loan account every month, rather than keeping it. At Mates Rates, you receive 100% of that trailing commission paid to us through our aggregator Finsure, as a monthly cash payment for the full life of your loan. The loan itself is the same product from the same lender at the same interest rate you would receive going directly to the bank or an ordinary mortgage broker.
The monthly cash-back amount is based on the lender trailing commission rate, which is typically around 0.15% to 0.25% per annum of your outstanding loan balance. On a $500,000 loan, this equates to approximately $625 to $1,040 per year, or $52 to $87 per month. The exact amount varies by lender, any cash in redraw or offset, days in the month and reduces slightly as your loan balance reduces over time. Use our cash-back calculator to see a personalised estimate.
Your monthly cash-back credit usually commences in the third month after your loan has settled and the lender is paying trailing commissions to us through our aggregator Finsure. Credits are applied directly to your home loan account each month.
No. You receive the exact same interest rate you would receive going directly to the lender. There is no rate premium for the cash-back service. The monthly cash-back credit is in addition to the standard rate, effectively reducing your net interest cost over the life of the loan by up to 0.25% per annum. Don’t Wait for the RBA, Get Your Own Rate Cut Today!
The Lender Commission Leveller is a Mates Rates proprietary process that ensures no lender is excluded from our recommendations based on the commission they pay us. Because we return all trailing commissions to you anyway, we have no financial incentive to prefer one lender over another. This makes our recommendations genuinely the lowest life of loan cost unlike other mortgage brokers whose income can be influenced by which lender they recommend.
Yes. The cash-back offer applies to both new home loan applications and refinancing. If you are currently with a lender and not receiving a Mates Rates cash-back credit, refinancing to a Mates Rates loan could save you tens of thousands of dollars over the remaining life of your loan. Contact us for a free home loan health check to see what you could be saving.
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