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Mortgage Rebate - How we can afford it and why we do it .
Mortgage rebate savings were reviewed by Your Mortgage Magazine in June 2008. It was clear that Mates Rates provides the most generous rebate scheme in the Australian mortgage market place. So how do we do it? Although there is no single answer, perhaps one of the most significant aspects is that Mates Rates business structure is completely different to most of our competitors. Unlike Aussie Mortgage Market, Mortgage Choice or other Refund Home Loans brokers, we are not a franchise operation. From the beginning, the founders of Mates Rates focussed on providing the best mortgage broker service rather than simply selling more franchises. We do this, because we think it's the right thing to do.
As a result, profits normally bled off by the franchiser (which can be up to 60% of commission!) are retained by the business to pay mortgage rebates, improve our mortgage broker education, develop improved technology and reinvest in one of our most valuable asset. You. Our independent business model also means much of our energy is dedicated to maintaining strong relationships with quality lenders that we can be confident will look after our customers. There's much more to Mates Rates than just a mortgage rebate!
* ANZ are the only lender we can arrange your home loan with, that do not allow us to pay a mortgage rebate to you.
