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  1. albanga

    Desperate situation..please help

    Hey Northener, I do not think you meant to attack mortgage brokers, I was just answering to help you get clarity on what it is they actually do and there responsibility in a property transaction. If a mortgage broker had put the client into an unsuitable loan that they were unable to afford...
  2. albanga

    Desperate situation..please help

    Hey Northener, Sorry I think you misunderstood what I meant. A good broker understandings "strategic lending". This combines a lot of experience and expertise and involves understanding which lenders to use at certain stages of the acquisition phase, when to utilise LMI, When and how to...
  3. albanga

    Desperate situation..please help

    Try and blame the mortgage broker? A mortgage brokers role is to understand a clients needs and ensure they can comfortably make the required payments at an assessment rate under NCCP laws. They should never put a person into a loan they cannot afford but since when were they a BA as well? To...
  4. albanga

    Desperate situation..please help

    What can you tell us about both these properties? Is there anything creative that can be done to them? Subdivision? Turned into commercial? Shared accomodation. Anything at all that could increase the value?
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