Mortgage brokers in the news again

[Mike]

Ya just can't keep the subject of mortgage brokers out of the news. Okay, here are the links:

Pioneers decry 'shonky' brokers
By Peter Switzer
April 08, 2003
http://finance.news.com.au/common/story_page/0,4057,6254550%5E521,00.html

Media and information releases
03-102 ASIC releases report into mortgage brokers
Wednesday 26 March 2003
http://www.asic.gov.au/asic/asic_pu...es+report+into+mortgage+brokers+?openDocument

Warning: mortgage fraud on the rise
Simon Purcell
April 16, 2003
http://www.moneymanagement.com.au/articles/ec/0c00e5ec.asp

Regards, Mike

 

[Yourmortgage2t]

mortgage brokers

Hi

Their are stories of shonky Mortgage Brokers.

These get good coverage as they help sell papers and get extra viewer for the stations.

There are shonks out their who are sharks.

They are in the minority. If they are charging exorbinate brokerage fees, that could be a clue.

If your in doubt, ask your friends, get referred to a mortgage broker, looks after your interests.

Ask them to provide you clients that you can confirm that they will look after you.

They many great mortgage brokers out their.

As you probably guess, we are mortgage broker. Our business is built on Referrals, we only work with people who have been refered by happy clients. We Garantee our work.


Some brokers give the industry a bad name, and only want to make fast buck.

The people are not a reflection on many fine brokers provide a service by helping people to transverse difficult landscape of getting a loan.

regards


Ps if you to see our garantee send me a email

 

[XBenX]

id say most brokers knowledge of the lending market boarders on negligent

those limited startup limited training franchise mortgage brokers (which is the majority of the market?) scare me - its worrying when you can find a better product after spending 5mins on infochoice(bankchoice) or mymortage

thankfully none of the brokers around here fall into that category

 

[Rolf Latham]

Hi X

Add to that Cannex and yourmortgage.

I have two caveats with the use of such public domain information.

There are lenders that will try and convince you their basic redraw product and their LOC compares to the fully featured Offset Accts of the major lenders.

Most public domain information is neither current nor reflective of the full range of products.

Ta

Rolf

 

[Yourmortgage2t]

Brokers

Hi

Cannex & infochoice provide a basic info.

There services help you compare rates.

That's Ok if interest rates are they only thing your interested in.

If you want find the best way to utilise the lenders features, so you can use them to your advantage, thats a different story.

A good mortgage broker will be able to show how to beat the banks at their own game, like showing you how to pay off your loan quicker.

Regards