This page discusses how much commission is typically generated by a mortgage in Australia.
Clients receive a substantial mortgage rebate based on the size of their loan!

Mortgage Commissions in Australia

Your mortgage is highly sought after by lenders...so highly that generous commissions are paid by the banks to mortgage origination (mortgage broking) firms who bring business to them.
Almost all lenders in Australia pay two types of broker commissions on a mortgage. These are commonly known in the industry as ‘up front’ and ‘trail’ commissions.

The ‘up front’ commission is paid to the broker soon after the loan has settled and is based on a percentage of the total amount borrowed. Most lenders pay between 0.6% and 0.7% in up front commission.
e.g. A $250,000 loan amount will usually generate up front commission of at least $1,500.

The ‘trail’ commission is most commonly paid monthly after settlement of the loan and is based on a percentage of the outstanding balance of the loan during the previous month. Most lenders pay between 0.2% and 0.25% in trail commission per annum.
e.g. A $250,000 loan amount will usually generate trail commission of approx $500 in the first year (approx $41 per month). Trail commission is generally paid for the life of the loan and the amount paid each month will decrease as the client gradually (in normal circumstances) reduces the balance of the loan by repaying the principal.

To find out more about the Rebate system or to calculate
what sized refund you can earn from your loan please follow the links below.

      
Call Rebate now on 1300 558 835
or click here for email details.
Website use is subject to terms and conditions. Mortgage Rebates orHome Loan Refunds
mentioned or advertised on  www.rebatehomeloans.com.au are not endorsed by lenders.
Creative Administration services (BN: NSW V5440737). © 2005 All rghts reserved.