Recent content by Michael Lee

Both Fujitsu and Delloite have independently established that despite promoting dozens of lenders, most brokers only deal with 3 or 4. While that in itself should be alarming for borrowers from a trust perspective, the reality for borrowers is you are very likely to miss better deals even...

You probably did Marty. I've been working the mortgage industry to get borrower a better shake of the stick since 2000. I introduced Australia's first impartial mortgage broker back in 2004 (no longer independent) and some other important innovations since. Although I went quiet after my...

Totally agree with your point on the rate Peter (not to mention fees, concessions etc), but just wanted to clarify there's nothing wrong with Building Societies or Credit Unions just because they're not a bank. After all, APRA regulates them much in the same way as it regulates banks. Granted...

Perhaps... "Past Performance Is Not A Guarantee Of Future Service"

Sure you can. You can even get a 1 year fixed from the Perm for 3.79% too, but it doesn't change the fact that you have to take a really short view and/or refinance every 12 months which is probably going to get old really fast. It's kind of like a pre-approval, it's about getting you into...

Property Girl is right, 3.99% is well and truly out there, however they are intro rates that stick for about a year (some fixed, some variable) and all with some kind of condition (please educate me if I'm wrong on that). So if your strategy is to flip or refi within a year, they may be fine...

Totally agreed. The problem with price matching is that the broker/lender that's putting it all on the line to cut a great deal get's nothing but shopped, so over time they disappear. Also, important to note NAB will do better deals direct if your relationship and negotiation is good enough...

Gidday GeoffW, Although I took my first mortgage back in 1987, I've been around the mortgage industry professionally since 2000 and the savings and deals coming from flongle's mortgage contests have surprised even me. The contest on my screen at the moment has a $627K mortgage. He's on a...