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I use and reccomend Jane Slack-Smith from http://www.investorschoice.com.au/
very savvy and to boot has a decent IP portfolio her self, so she understands!
Hi, is any of the mortgage brokers in this forum from Melbourne east or north east ?
Hi, is any of the mortgage brokers in this forum from Melbourne east or north east ?
So what does a Mortgage Broker do exactly? I thought they just tried to find the best interest rates for you once you've got a loan. They must charge something or get something for their efforts? I've been unaware that they could help with the actual setting up side of things. Are they exy?
I'm in Sunbury Vic if there are any on this forum that are close by...
So what does a Mortgage Broker do exactly? ... Are they exy? QUOTE]
Hi Cass
What does 'exy' mean?
Do you mean are we dodgy in some way?
Before I became a broker I used a broker who used to charge, and I was more than happy to pay his fee as he found money for me where none had existed.
Because of his skill, I was able to start my first development, bought another house and then went into broking myself.
I often think of him and his ability to find a way to do things for his customers. He was a great role model.
We are not here to make decisions as to whether people should or should not make actions - buy, sell, refinance, whatever, but we are here to find a way if that is what we are asked to do.
Sometimes, a customer does not have the luxury of the 'cheapest' interest rate. Sometimes, a customer is lucky to get a loan at all!
I am sure that I am not alone in that I have frequently spent many hours - many, many hours - in putting a deal together for someone who then decides not to buy / changes their mind / perhaps even decides to use my work but go with another broker.
But hey, that happens to any tradie - ask a plumber how many jobs he gets for how many quotes - and it is a lovely surprise when, later, that same customer may decide to call me next time they are looking for or reviewing their loans.
Exy? Do you mean, 'Expert'?
Yes, we are experts. It takes years to become a half-way decent broker, just as it takes years to develop any expertise. Any mug can fill out a loan application form, but being a Broker is an art form!
Cheers
Kristine
And by the way - as PT Bear can tell you - distance means nothing in this day and age. Pete worked from Canada for a while, and I was in UK for five months last year and continued to work. We all have customers everywhere. It's a luxury to sit across the kitchen table to discuss a deal but that is not where the real work is done. The work of the deal is done in our heads and on the phone chasing down a lender who will do the deal and do it to the customer's satisfaction.
As with any line of work, there's more to us than meets the eye!