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Hi Kambo U are probably right. On average I would recommend a client like u dont bother with a Pre approval unless you want to go without the finance clause. Many brokers and lenders use the preapproval thing as a method to get some from of sales commitment from the borrower. Many...

Id qualify that a little further A bank can only say its better within its policy framework. Simply comes down to perspective. One doesnt know what one doesnt know......... ( which also applies to some brokers im sure where experience or mentorship is replaced by Black box tech.) So...

See the post above mine from Kristine. She has been contributing to this forum for a loooooooooong time and is well respected ta rolf

Beware of some branchies. Some will do anything in these tough times to rewrite a loan so that they may look to meet budget. In some instances the client is told that they are working in "conjunction" with the broker and this " restructure" is needed..................:( Point 1, yep, the new...

Hi Shane Generally no, the broker has provided a service and part of the payment for that service is a trailing component. And thats because the loan would have to be refinanced to the new brokers code. ta rolf

Um not quite that way The new broker doesnt need the old brokers "permission" to work with the client on old loans. In some instances the lender will want the client to sign an authority so they can release info to the new broker on the old loans ta rolf

Hi DJ In general u wont get an argument from me on what u are saying. Couple of things to help others that may be in a similar situation. Are all your loans ith the one lender ? If the affected loans are with most banks, you can usually ask the lender to allow the branchie access to...