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From: James Johnson
There is a company called Australian Mortgage Options in Sydney (they've taken over the old NRMA building in Bankstown), anybody heard of them? They charge $900 fee for arranging a loan (which they say is a bank fee; and they get payed by bank for the arranging). They offered me a securitisation loan (I've got $35000 deposit but no income- student), and reckon the money comes from super funds/wholesale funders as near as I can make out. Does this sound right and what do you think my chances are of negotiating a lesser fee. I know bank loan set-up fees can be negotiated and Austin Donnelly also says that you should never pay that kind of fee at all. If the bank insists then you should walk...
Thoughts/advice anybody?
Cheers
Jimmy
There is a company called Australian Mortgage Options in Sydney (they've taken over the old NRMA building in Bankstown), anybody heard of them? They charge $900 fee for arranging a loan (which they say is a bank fee; and they get payed by bank for the arranging). They offered me a securitisation loan (I've got $35000 deposit but no income- student), and reckon the money comes from super funds/wholesale funders as near as I can make out. Does this sound right and what do you think my chances are of negotiating a lesser fee. I know bank loan set-up fees can be negotiated and Austin Donnelly also says that you should never pay that kind of fee at all. If the bank insists then you should walk...
Thoughts/advice anybody?
Cheers
Jimmy
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