All brokers receive trail commissions each month from the lender that they placed your loan with. Most mortgage brokers keep these commissions, but here at iShare we rebate them back to our customers as a gesture of goodwill.
How does it all work?
Say you have a balance on your home loan of $500K, the trail commissions paid to us would amount to approx. $675 per year or $56.25 per month. (The calculation depends upon the balance of your home loan at the end of each month)
iShare will deposit these commissions directly into your bank account each month totally free of charge, there is no extra cost to you for this service. By depositing these amounts into either your home loan account or offset account each month, you will be reducing your loan interest and effectively paying down your home loan sooner.
So call us today on 0422126430 for a chat on how we can set this up for you. Or, if you like, visit our website www.isharebrokers.com.au to see a full list of all our services.