Monthly Cash-back
100% of our trailing commission is credited to your loan account every month, for the life of the loan.
Compare home loan rates, calculate your borrowing power, and pay off your loan sooner.
Mates Rates Mortgage Brokers compares home loans from over 45 lenders across Australia and credits 100% of our monthly trailing commissions back to you as our Mates Rates Home Loan Cash-back subsidy, monthly for the life of your loan. The exact same rates as the lender. More money back in your pocket.
A cash-back home loan is a home loan/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, founded by Trent Lee in 2005, every borrower receives 100% of that trailing commission paid by industry-leading aggregator Finsure, as a monthly cash payment for the entire life of their loan.
Other Australian mortgage brokers keep these trailing commissions. Mates Rates does not. That difference is worth tens of thousands of dollars over your loan term.
$14M+
Cash-back paid to borrowers
45+
Lenders compared
Since 2005
Australia’s original & best cash-back broker
100% of our trailing commission is credited to your loan account every month, for the life of the loan.
The lender’s upfront commission funds our business, not you.
Our Lender Commission Leveller ensures no lender is excluded due to lower commission rates. We always recommend the most cost-effective home loan with our exclusive cash-back subsidy available to you.
100% of our trailing commission is credited to your loan account every month, for the life of the loan.
Our brokers guide you through every step, from rate comparison to settlement, at no cost to you.
We search across major banks, regional banks, and non-bank lenders to find the most cost-effective home loan for you!
1
Quick chat to understand your needs.
2
We search 45+ lenders to find your best loan.
3
We manage the application, paperwork and approval.
4
Your loan is set up and your cashback begins.
Our brokers arrange cash-back home loans across every major loan type available in Australia:
Your borrowing capacity depends on your income, expenses, liabilities and the lender’s credit policy. Use our borrowing power calculator to get an estimate, then speak to a Mates Rates broker to confirm what lenders will approve for your specific situation.
When comparing home loan rates, consider both the advertised interest rate and the loan’s term. The life of loan cost includes the interest rate, known fees, and our Mates Rates cash-back, and provides a more accurate picture of the true cost. Our brokers compare rates from 45+ lenders at once and factor in the monthly Mates Rates cash-back credit in our detailed quotes, which further reduces your effective rate and the life of your loan.
The lowest home loan interest rates vary by loan type, lender, deposit size, and borrower profile. Our current hottest variable interest rate is updated daily on our website. A Mates Rates broker will identify the lowest, most cost-effective interest rate available for your exact circumstances, including the cash-back subsidy, which can reduce the effective rate by as much as 0.25% per annum. Effectively, an interest rate cut separate from the RBA!
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. We refund all of the trailing commissions to you anyway, so 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.
Fixed-rate home loans offer repayment certainty over a set term, typically one to five years, but usually come with restrictions on extra repayments and no offset account. Variable-rate loans offer more flexibility and often allow unlimited extra repayments, but your rate can move with the market. A split loan gives you a portion of both. The right choice depends on your financial goals, cash flow, and the level of risk you are comfortable carrying. A Mates Rates broker will walk you through the options at no cost to you.
If you don’t receive our Mates Rates Cash-back, the best time to refinance is NOW!
The home loan market has become the most competitive it has ever been, and complacency or thinking your lender rewards you for loyalty could be costing you tens of thousands of dollars, especially if you are not receiving our monthly Mates Rates Home Loan Cash-back subsidy. You should contact us for a Free Mates Rates Home Loan Health Check when your financial situation has improved, and you may qualify for better terms, or when you want to access equity for renovation or investment. A general rule of thumb is to review your home loan health at least once every two years. Our free home loan health check takes just a few minutes and shows you whether you could be getting a better deal right now.
Use our borrowing power calculator to see what you could borrow, then book a free call with a Mates Rates broker. We handle the research, comparison, and application for you at no cost.
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