Hi Has anyone ever used one of those cash back sites where they promise to give you money from your mortgage trail back commission?
No, but not sure why you'd want to either. It's not like using a good mortgage broker costs you anything to use. They earn what they're worth from their normal channels. I'd rather use a good one.
Hi, There was a company called refund home loans who did this... but looks like there business got refunded lol.. If I have a client where I am doing a couple of loans for them, I usually provide a cash back offer just as a thanks for their support.
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.
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?
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