How do I make a complaint against someone in the mortgage industry (banks included)? Making a complaint about a mortgage broker is pretty straight forward, they are required to be a member of an industry body, either the MFAA or FBAA. These industry bodies require their members to have an Internal Dispute Resolution procedure in place, to […]
There’s a little fee for this and a little fee for that and before you know it, it’s cost you a packet. Learn all about those nasty little fees associated with getting a home loan …… Other factors come into play when you are contemplating taking out a home loan. More that the interest rate and […]
Mortgage brokers will no doubt work with your interests at heart. 2 out of 3 Australians trust using a mortgage broker for researching the best home loan that suits them now and in the future. Mortgage Brokers provide consumers with: Choice Convenience Professionalism As a consumer wades through the complex home loan process, a mortgage broker […]
What is Lenders Mortgage Insurance, and who does it protect? Lenders Mortgage Insurance (LMI) is a financial guarantee that insures the lenders against loss in the event a borrower defaults on a home loan. If a borrower defaults, and the lender takes title to property, the mortgage insurer reduces or eliminates the loss to the […]
Act Immediately It is vital to call your credit providers as soon as you know you are unable to meet your repayments. Lenders are far more sympathetic and helpful if you inform them on your problem BEFORE they have to send you a letter of demand – or call you. Many facilities have a ‘payment holiday’ option […]
You know, its not hard to find a good, professional mortgage broker, but it is difficult to find a great home loan deal without one! ASIC requires a minimum level of experience in the industry. They also require a continuation of training. Members in Australia are to adhere to their Code of Practice ensuring ethical […]
