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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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    12
    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. Specialist Property Manager Business Member

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    13th Jun, 2015
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    Location:
    Adelaide, SA
  3. Johann @ Hybrix

    Johann @ Hybrix Well-Known Member Business Member

    Joined:
    21st Jun, 2015
    Posts:
    374
    Location:
    Melbourne
    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.
     
  4. spludgey

    spludgey Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    943
    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
    Posts:
    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

    Joined:
    18th Jun, 2015
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    590
    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?