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Cash back sites

Discussion in 'Property Finance' started by Hillbilly, 14th Jul, 2015.

  1. Hillbilly

    Hillbilly Member

    Joined:
    27th Jun, 2015
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    9
    Location:
    Sydney
    Hi
    Has anyone ever used one of those cash back sites where they promise to give you money from your mortgage trail back commission?
     
  2. D.T.

    D.T. Adelaide Property Manager Business Member

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    13th Jun, 2015
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    Adelaide, SA
  3. jpcashflow

    jpcashflow Well-Known Member Business Member

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    Location:
    Melbourne
  4. spludgey

    spludgey Well-Known Member

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    18th Jun, 2015
    Posts:
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    Location:
    Sydney
    My mortgage broker gives me 70% of the upfront commission and I'm very happy with him. I think he changed it to 50% for new clients though.
    www.cashbackmortgage.com.au
    Jon Mardell, nice guy.
     
  5. OC1

    OC1 Well-Known Member

    Joined:
    6th Jul, 2015
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    212
    Location:
    Melbourne
    @Corey Batt gives you the trails too.
     
  6. Corey Batt

    Corey Batt Finance Strategist Business Plus Member

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    14th Jun, 2015
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    Location:
    Adelaide, SA
  7. Hodge

    Hodge Well-Known Member

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    18th Jun, 2015
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    Location:
    Melbourne
    If a broker gives you 50% of his commission, do they pay tax on the full commission or would the client need to write up a receipt and they declare the other half of the commission?