A free, end-to-end home loan application process managed entirely on your behalf, with monthly cash back from day one.
At Mates Rates Mortgage Brokers, our home loan process is designed to take away the time, stress, and complexity of finding and applying for the right home loan. Our service is free. Our Lender Commission Leveller ensures we always recommend the most cost effective loan for you, inclusive of the commission the lender pays us. And shortly after your loan settles, you receive monthly cash back for the life of your loan.
$14M+
Cash-back paid to borrowers
45+
Lenders compared
Since 2005
Australia’s original & best cash-back broker
1
Contact our team by phone, email, or online enquiry. We start by understanding your financial situation, your goals, and what you are looking to achieve with your home loan. We collect your supporting documents at this stage, including your ID, payslips, and bank statements, so we can quickly assess your borrowing capacity and identify any concerns a lender may have before we recommend a loan.
2
Using our Lender Commission Leveller, we compare hundreds of loans and rates from 45+ banks and non-bank lenders and present you with the most cost-effective options. Alongside each recommendation, we calculate your estimated monthly cash-back credit and total savings over the life of the loan so you can see the full picture before you decide.
3
Once you have chosen your preferred loan, we handle all the paperwork. We prepare your application, compile all required documentation, and submit it to the lender on your behalf. Most lenders take between four and six weeks from submission to formal approval, and we manage all communication with the lender throughout.
4
Most lenders will issue a pre-approval confirming how much they are willing to lend you, subject to the valuation of the property. Pre-approvals are generally valid for 90 days and can be extended if you are still searching for the right property. Once you have found your property, agreed on a price, and had it valued, the lender will issue formal approval and a loan contract. Settlement follows once the loan is advanced.
5
Your loan settles and your monthly Mates Rates cash-back credits begin. We currently pay over $100,000 in cash back to our clients every single month. If you leave the cash-back credit in your loan rather than withdrawing it, you will also benefit from compound interest savings as the credit reduces your principal balance each month.
The exact documents required vary by lender and loan type, but for a standard home loan application you will generally need:
Contact Mates Rates Mortgage Brokers to get your home loan process started. Our team will assess your borrowing capacity, compare your options from 45+ lenders, and handle everything through to settlement at no cost to you.
