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Hi indifference, Sounds like you have a good broker there and an appreciative understanding of the extra time he/she puts in. :) Good for you! Regards Jo

no worries Lee, I guess you may say we are the "eyes and ears" of the lender and are also bound by Anti Money Laundering regulations. However, the bank has the final call and in it's own best interests- double checks everything the broker has submitted in regards to documentation and...

Hi Lee, A broker is bound and abides by the Code of Banking Practice, Trade Practices, the ASIC Act, the Privacy Act and the Financial Services Reform Act. A broker must abide by these acts and avoid breaching any of these acts. Further more, a broker must be a member of MFAA which in...

Well said Ozperp and Rolf. This has never been truer than now. Each lender has it's own lending criteria. You may get through on one bank and not another because certain criteria with that particular bank has not been met. Working out what is best for the client is more than often the...