Viewing 14 posts - 1 through 14 (of 14 total)
  • Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    Has any one ever used Loan market as there broker and if so were you happy with there service?

    Regards

    Joe

    Profile photo of KeyStrategiesKeyStrategies
    Member
    @keystrategies
    Join Date: 2011
    Post Count: 155
    jmsrachel wrote:
    Has any one ever used Loan market as there broker and if so were you happy with there service?
    Regards Joe

    Loan Market is the Loans part of Ray White Real Estate – I have spoken to a couple of their Brokers and I am yet to find one I would do business with.

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544

    Reckon you are better off with someone who owns and runs the business and who are also property investors themselves.

    Plenty of brokers on here who have gone on the line to share their knowledge without them being 'exposed' for a lack of knowledge. I'd give them a call first.

    Profile photo of Property TraderProperty Trader
    Participant
    @property-trader
    Join Date: 2002
    Post Count: 111

    Hi Joe,

    From my experience, the best Mortgage Brokers to work with are the ones that have their own Personal Assistants. As a Broker can get out there and generate the business while the PA is in the office making sure all the I’s are dotted, T’s are across and that everything is running to schedule.

    Hope this helps.

    Kind regards,

    Jason Moore

    Property Trader | Boston West Pty Ltd
    http://bostonwest.com.au
    Email Me | Phone Me

    Private money lending opportunities available paying upto 12%, secured by bricks and mortar!

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Heh Jason hate to say that would count me out then as do everything myself including answering the emails licking the stamps preparing the lending submissions and working the deal from start to finish.

    Like to think clients feel they are getting a more personal touch.

    Currently I am some 14 hours away in Vancouver Canada on holiday but have just submitted a deal for a client online.
    Sure could have a PA do that but not the same fun.

    Everyone to their own but I have done ok so far.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of jmsracheljmsrachel
    Participant
    @jmsrachel
    Join Date: 2012
    Post Count: 711

    Thanks for the great advice every one. I’ve had two dealings with loan market and they seem as if they don’t know much or want to benefit just themselves. Is it possible to use a broker from interstate or do they have to be close by?

    Profile photo of jamee88jamee88
    Member
    @jamee88
    Join Date: 2012
    Post Count: 10

    A broker situated anywhere can be chosen, doesn't necessarily have to be residing near your place . Its their terms and their work that matters only and should be considered in making a choice of which mortgage broker to use:)

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Jim’s they can be located anywhere.

    I am currently on holiday in Alaska / Canada and processing an application for a forum client in Regional Victoria.

    Even when I am back home in Brisbane I have clients all over Australia and expat clients all over the Workd.

    Most quality Brokers would be the same.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    Qlds007 wrote:
    Jim's they can be located anywhere. I am currently on holiday in Alaska / Canada and processing an application for a forum client in Regional Victoria. Even when I am back home in Brisbane I have clients all over Australia and expat clients all over the Workd. Most quality Brokers would be the same. Cheers Yours in Finance

    Put the lap-top away!

    It's true though – location isn't an issue. I was in the same boat as Richard a couple of months ago – writing loans while in Malaysia for clients in WA, VIC and NSW while my office is based in the ACT.

    This morning I submitted two deals for a forum client living/working in Afgahnistan.

    The word has changed and technology really does make things easier.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,018

    Jamie

    It is 5.15am here in Vancouver and I have been up for 3 hours.
    With Jetlag like this I would never make a Pilot.

    Anyway off to the Rocky Mountains in an hour or so and limited Internet access up in Banff and Whistler.

    My wife is very glad about that.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
    Email Me | Phone Me

    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of xdrewxdrew
    Participant
    @xdrew
    Join Date: 2010
    Post Count: 479

    The only thing i have to add on the subject of loan brokers is …

    Avoid the YES men, people who are too willing to say yes .. are also the most likely to shuttle around for your business instead of directing it to where attention needs to be focussed.

    On the same notion as above .. make sure the loan broker you deal with scrutinises all aspects of your applicaton. Because thats the same thing the loan providers will do. If you dont think you are getting the proper attention and focus .. how can you possibly expect a reasonable presentation?

    Finally .. but in this competitive market its really minimal .. go with someone who knows the current range of market products that are on offer. As i said, with such a competitive loan market its not really an issue at the moment.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Haha – enjoy. Feels like I'm in the Canadian rockies right now.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Mick CMick C
    Participant
    @shape
    Join Date: 2010
    Post Count: 1,099
    xdrew wrote:
    Avoid the YES men, people who are too willing to say yes .. .

    The good old YES mens/womens…they are a disease in every industry…especially politicians :)

    Regards
    Michael

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
    Email Me | Phone Me

    Same Banks. Better Rates. Served With a Passion.

    Profile photo of DerekDerek
    Member
    @derek
    Join Date: 2004
    Post Count: 3,544
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