Search results

I agree Marty, but I think I have seen AMP do this before. It's definitely not common place though. I also suspect Terry is correct and there's going to be an additional discharge fee when the loan is closed.

Did they charge and additional mortgage registration fee? In Vic it's about $111.

I think there's a misinterpretation of how the word 'mortgage' applies here. If AMP is the only lender who is lending against the property, there's not going to be a second mortgage. They hold the first mortgage, they shouldn't have to register their priority over it a second time. Then...

Frankly I've been very frustrated with AMP lately. Their processes and service are somewhat in the dark ages. They can do an increase of your existing loan, but it doesn't surprise me to hear they want a second loan account when a single larger loan might do the job. Add in their screwy...