Are Aussie and Mortgage Choice the way to go to get the best home loan?
Cheers..
Why they are merely a franchise and you get as good a service and advice as the person who works for or who owns the franchise.
In many cases these Broker have nil or next to nil in the way of experience and hence have to join and organisation such as mentioned merely to forge relationships and to try and get some business from the master franchise marketing.
Richard Taylor | Australia's leading private lender
its a big generalisation, but I have never had a good experience from a broker through a franchise. If you want to use a broker, go for an independent that has been referred by a friend.
This is like asking Is Mcdonalds the way to go for a healthy meal?
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
lol very true Terry or will your Bank tell you the truth.
Richard Taylor | Australia's leading private lender
I would buy a broker industry magazine or similar and go for someone with some industry recongnition e.g. Has won some awards or similar.
I don’t know the exact stats however the average broker in Australia settles less than 700k per month. Let’s say 2-3 deals. Although the industry is tightening up there are still a lot of cowboys that struggle putting a deal together.
If they don’t write volume (like the average broker) they won’t have all accreditations as CBA, Westpac and some other lenders have put minimum volume requirements in place : – or the brokers accreditation gets cancelled. CBA have axed over 5000 with more cuts to brokers being made. Westpac have similar numbers.
A good broker is worth their weight in gold. If they are a one man show I’d look for someone a little more established…
I agree with Banker – go with someone who has runs on the board.
http://www.prlog.org/10195970-mortgage-choice-wins-big-at-2009-mfaa-awards.html
Totally Agree.. you need a good broker that can do deals and on the 'ball'
With the mortgage choice/Aussie.. it depends on the operator
Nice to have your post followed by a promotional advertisement.
That's the problem with saturation advertising…..
D
DWolfe | www.homestagers.com.au
http://www.homestagers.com.au
Email MeCSmith wrote:I agree with Banker – go with someone who has runs on the board.http://www.prlog.org/10195970-mortgage-choice-wins-big-at-2009-mfaa-awards.html
– 2nd post barely makes you someone that runs on any board.
Your post has validated several of the previous points.One point of distinction between Mortgage Choice and Aussie – Mortgage Choice does not sell their own home loans while Aussie does. Mortgage Choice is also publically listed, I believe.
I think there is good and bad in every organisation and in every line of work. There will be good and bad brokers from a big company and the same for independant brokers. I have used Aussie, Mortgage Choice and an Independant Broker who has their own bussiness that is not a franchise.
Aussie and the Independant Broker were rubbish. The mortgage choice broker was fantastic. Pays to shop around and speak to your peer group or even take reccomendations of the forum. Or hit up a couple of the Brokers on the FORUM.
I used an independent broker first time around – 3 years ago and she was Fantastic. We used her because we used someone from Mortgage choice who was a pushy, horrible woman who gave us incorrect info.
we are currently using a family friend who works for Aussie and find him to be wonderful and patient and gives great advice and if he doesnt know something (we are all human), then he finds out and gets back to us.
so mixed bag really..
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