There has been some confusion with Refund Home Loans financial woes. DON'T BE CONFUSED WE ARE NOT REFUND HOME LOANS - Peach Home Loans is the mortgage broker who pioneered commission rebates back in April 2000 and our unique operation allows us to share our commission with our customers and remain profitable. Rebates are offered on all standard loans over $150,000 and obviously our rebates are paid from the profit we make. However in recent time lender's commission payments to brokers have changed and they also vary from time to time and on different products. Therefore the rebates we offer will depend on the lender and the product that you select. We can offer rebates of up to $1,000 on loans over $300,000 from many mainstream lenders and more on larger loans.

Is a trail commission rebate better for you? - probably not. We know of one mortgage broker claiming to pay 100% of trail and listing commission rates that are not only out of date but include GST. So where they claim a trail commission of 0.275% they really mean 0.25% - and very few lenders are offering trails as high as that. A much more common figure is 0.15% and several lenders such as CBA offer no trail at all in the first 12 months. What's more if you make any changes to your home loan through a branch the loan is very likely to be re-originated and the trail ceases immediately.

A good example of this is the recent apparent demise of Refund Home Loans. It appears that all of the franchisee's have lost their trail commission (although still in dispute) but if your rebate was dependent on trail then your rebate would be zero....we believe a bird in the hand is better ....

How do we do it?  No tricks, we simply run a very low cost and efficient business.  We don't pay high CBD office rent, we don't sponsor any football teams and we don't have any stadiums named after us.  We are able to share our savings with you. 

To talk about your home loan options or discuss any questions you might have with a qualified mortgage broker, pick up your phone and call us now on 1300 137 586.

* Conditions do apply. Where lending is restructured with your existing lender, rebates are usually paid according to the quantity of new lending. We will provide you with a detailed rebate agreement prior to submitting your loan. We will also provide you with any further explanation you require upon your application to us.

The pioneer cash back mortgage broker in Australia
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