Not saying anyone can be a MB but people did get loans before the broking industry came about. No offense intended (I always use a MB)
Hi Pete
No offense taken!
Having finally dragged an application across the line from first lodgments in November, 2009 let me tell you, mortgage broking is a job of work like any other, there is no such thing as an easy deal and I cannot recall any deal that I have been involved in which was just filling in a few forms and slinging the deal in the general direction of a lender.
Of course, brokers don't get to see the customers who can just walk into the local Branch, spend five minutes at the enquiry counter and walk away confident that they will get approval.
Perhaps for that handful of customers, organising a loan isn't that hard.
I am a customer, too, and over the years if it hadn't been for people going the extra mile for me, then I wouldn't be where I am today. And some of those deals were far from easy and yet those bank managers or brokers dragged deals over some very rough ground for me.
So, I try to pass it on.
I picked up the keys today for my most recent purchase. I handed some of my cards to the Estate Agent, telling him 'Glen, this may look easy from the outside, but believe me, this has been an almighty effort for the past nearly six months (bought the property at Auction in October, 2009) getting all this organised. I have cracked two teeth in the process, but nothing worthwhile is ever gained without effort and we are now off to the beach to paddle about for a bit and congratulate ourselves on our amazing good fortune!'
It's all about the team work, I am immensely grateful for the various teams which have and continue to help me. For any investor, having a strong, knowledgeable and reliable team will help them move mountains - if that is what they want to do.
There are many successful investors on this Forum who do all their work themselves - apply for their own loans, paint their own houses, manage their own properties. Their team is themselves and that works well for them
But for the rest, that team may include a skilled broker, insurance agent, plumber, painter etc. It's about whatever works best for you.
Cheers
Kristine