Did you know that for the life of your loan, your interest bill generally includes about 0.2% per annum in commission that is paid to your mortgage broker each month or kept by the lender?

You might not write a cheque to your mortgage broker, but on a $350,000 loan, you’ll probably pay over $13,500 in “trailing commissions”.

Wouldn’t you be better off with that money in your pocket?

For all lenders listed at the Vanilla Refund Calculator, we can arrange a 100% refund to you of trailing commission for the life of the loan.  On average, this represents an effective interest rate reduction of around 0.2% per annum - or $58 per month on a $350,000 loan balance!

Conditions apply, such as the lender not paying commission on your loan if it is in arrears, but it’s otherwise that simple – and you’re the winner.