Competition looks like being reduced further

[Rolf Latham]

If its true

http://www.brokernews.com.au/news/b...port-of-mortgagebacked-securities-174272.aspx

but at least the TRUTH will now come out about those lenders using the "we dont pay commissions" and thats why our rates are lower logic.

Once the "effective " government subsidies dry up, lets see how they go.

maybe I have it all wrong.......I know there are fols on here that know this RMBS stuff much better than me, so please pipe up

ta
rolf

 

[ZachAnSel]

If its true

http://www.brokernews.com.au/news/b...port-of-mortgagebacked-securities-174272.aspx

but at least the TRUTH will now come out about those lenders using the "we dont pay commissions" and thats why our rates are lower logic.

Once the "effective " government subsidies dry up, lets see how they go.

maybe I have it all wrong.......I know there are fols on here that know this RMBS stuff much better than me, so please pipe up

ta
rolf

As long you sell added value, I can't see they unable to survive Rolf..

 

[Rolf Latham]

As long you sell added value, I can't see they unable to survive Rolf..

sure

but when your PRIMARY market differentiation is price only..............

ta
rolf

 

[ZachAnSel]

sure

but when your PRIMARY market differentiation is price only..............

ta
rolf

I have discussion last week with my broker, what they think the solutions is :

"Sell different product to different needs"
Like what you said the other day, when people need rates - then point to loans.com.au or ubank.com.au.

I don't really know how much money that broker earn for that particullar product. But he mention if I can hang on to 1 medium to large scale loan, then trailing comission is more than enough compare to 10 "rates" customer

He also mention open opportunity in the market now days is builder & vendor finance with developer.

Since we can't change the mindset of community, what we need to do is adapt and apply different strategy.