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What's the story?
Mates Rates Mortgages appeared on channel Sevens Today Tonight on 4th June because we use our trailing commissions (money that the lender or other brokers would normally keep as profit) to help you pay your mortgage off.
Since appearing on Today Tonight, we've increased our rebate to 100% of ongoing commissions!
As explained in the story, Mates Rates Mortgages is Australia's premier pro-borrower mortgage broker. Quite simply, we are on your side. We compare over dozens of lenders based on your needs, negotiate options, then arrange your home loan for you. We then help you pay it off. Some important facts include:
- Participating lenders are mostly bank and conventional home lenders including CommBank, Suncorp, National Australia Bank, ING, BankWest, Westpac and AMP.
- Our buying power ensures interest rates that Mates Rates obtains for you are the same or better than what you can obtain from any of these lenders directly.
- There is no additional cost for our service.
- Lenders pay Mates Rates commission over the life of the borrower’s loan.
- Unlike the lender or any other mortgage broker, Mates Rates uses the bulk of this commission to help you pay off your mortgage.
- In a little over 3 years, you will have received more commission than Mates Rates Mortgages does. This is money that lenders and other mortgage brokers keep as profit. That's why we can offer the same loan from the same lender, delivered to you by Mates Rates Mortgages for less.