Every so often when I share my investment journey with friends, one of the topics of contention that comes up is using a broker.
My unsophisticated investor friends would quote the latest hot interest rate offer from a DIY online lender like ubank or homloans.com. Here I would proceed to rattle off a few things like re-financing options, serviceability model etc... but since I am no broker I could never articulate my argument and probably don't come across very convincing..
So question to all you established brokers out there: what do you say to a client when they start quoting you the latest % from an online lender?
(lets assume the client is a property investor with a goal to accumulate)
My unsophisticated investor friends would quote the latest hot interest rate offer from a DIY online lender like ubank or homloans.com. Here I would proceed to rattle off a few things like re-financing options, serviceability model etc... but since I am no broker I could never articulate my argument and probably don't come across very convincing..
So question to all you established brokers out there: what do you say to a client when they start quoting you the latest % from an online lender?
(lets assume the client is a property investor with a goal to accumulate)
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