[MA Money] 2025 Kickstart Event
- September 6, 2024
![[MA Money] 2025 Kickstart Event](https://members.oxbridge.com.au/wp-content/uploads/2024/09/MAMoney-300x179.png)
Dear Oxbridge Partners and Affiliates,
Oxbridge is one of the top brokering partners for MA Money, a large non-bank specialised lender.
It’s a busy start to the year at MA Money! We’ve already kicked off 2025 with some exciting updates, and we’d like to invite you to our webinar on 12 February. This is your opportunity to get all the details you need to help your clients succeed.
DATE & TIME: Wednesday, 12 February 2025 Time: 11am-12pm AEDT
COST: FREE for members
RSVP: support@oxbridge.com.au
Why Attend?
- Summer Special Extension: Learn how our extended Summer Special delivers incredible savings for your clients.
- Reduced Rates for Vacant Land & SMSF
- Residential Loans: Discover our new competitive rates and revised fee structures designed to enhance long-term value.
- Meet Our Credit Development Manager: David Clarke is our scenario specialist who works closely with our Business Development Managers to provide a definitive yes/no on any loan scenario. He’ll share real-life examples of how his expertise gives you the certainty you need when submitting your client’s application.
ABOUT THE MORTGAGE BROKERING BUSINESS
Mortgage Brokering is a phenomenal industry that offers truly passive income and the ability to build your book. The average income of mortgage brokers at Oxbridge is an impressive $195,000 (average is $192,354) (https://www.mpamag.com/au/news/general/broker-commissions-are-they-rising-or-falling/503850) whilst top brokers can earn over $2m a year often in passive income (https://www.afr.com/companies/financial-services/inside-the-unstoppable-rise-of-australia-s-mortgage-brokers-20240524-p5jg8b). The best thing about finance brokering is the TRUE PASSIVE INCOME. Oxbridge Training (www.oxbridge.training) offers individuals to obtain their certificate and diploma in mortgage brokering in a short amount of time. Very few professionals are qualified in both real estate and mortgage brokering. The key to a successful mortgage broking business are the leads. With over 5,500+ online listings and another 1,000 off market listings the Oxbridge Real Estate business side provides an excellent source of lead generation
Although the details around when and how brokers receive commission varies from lender to lender, generally speaking: Upfront commission: 0.65% (+GST) to 0.85% (+GST)
The upfront commission is the largest component of the commission. The broker receives this once your loan settles. Trail commission is what the broker receives every month for the life of the loan. Usually, this trail is set at 0.15%-0.40% per annum based on the remaining loan amount each year. To be clear, mortgage brokers don’t work for the banks, although there are some mortgage brokerages that are partly-owned by banks and larger lenders. Oxbridge is always 100% independent (e.g. Aussie is owned by Lendi which is owned by numerous shareholders including CBA, 1835i (ANZ’s external venture capital partner) and Macquarie Bank, RAMS is owned by Westpac, REA owns Mortgage Choice etc)
Working on a typical loan size of $850,000 and writing 20 loans in the first year. The commission received by the broker would be
$750,000 (20 x 0.70% + 20* 0.45%) = $119,000 (upfront) + $76,500 (Trail) = $195,500
Top brokers in Australia (See https://www.mpamag.com/au/best-in-mortgage/top-100-brokers-2022/429801) receive well in excess each year of $3M upfront commission and at least 3x that in terms of trail commissions for the life of the loan. Several Oxbridge brokers are doing exceptionally well earning 6 figure income. Some Oxbridge members are dual qualified in mortgage brokering and real estate which is a huge competitive advantage in the market place. Trail commission is really true passive income
The Oxbridge Finance Team
