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thats because, in my experience, brokers are held to a higher level of accountability. if you think about it, thats a good thing for a number of reasons. At least one of those is quite selfish. if a banker ends up with an unconscionable conduct rap, they will likely lose their job...

Could be Heritic Bank :) now thats a pile of paper ta rolf

I dont think this is out of the box at all. If the borrowers headspace is up to it we take them through Suncorp to AMP doing the portfolio build and spend the time on the education......... it gives them substantial understanding and comfort, which works well for us because we have fewer...

Citi............. lender of close to last resort or for specific needs If your broker were one of my mentorees............... keep it simple and dont blast your client with 50 options, you arent doing them any favours ta rolf

Its pretty much in the right direction. Im expecting your broker doesnt have the fine detail you have provided above ? Otherwise the CBA to NAB recommendation wouldnt be made. The serviceability gap in the future will be wide enough to drive a truck through. if you service for cba now...

As a parallel question, what is your serviceability like ? ta rolf

Above 80 % lvr the policy for cash out is quite set LVR with LMI is 80 unless you are medico or allied, can even do IP refi to 95 % inc lmi for existing, BUT needs to be directly related to a current purchase OR non struct renos End servicing needs to be met This is one area that CBA...