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how to be your own mortgage broker




loadingbut surely it’s a good thing if they’re trying to get me more money? you say. it’s not – it will cost you more interest … and probably at an over-the-odds rate. more to the point, it’ll earn the broker the most commission.the thing is that the commission varies by lender and coul...



cba rapped over broker commissions




the head of the banking royal commission has questioned whether the commonwealth bank is being "economical with the truth" in failing to tell customers the value of commissions it pays to mortgage brokers in return for selling its products.​at the commission's third day of public hearings, under w...



mortgage choice shares slump as it overhauls franchisee pay model




mortgage choice is vowing to lift the share of revenue it pays to franchisee mortgage brokers,  in an overhaul of its remuneration model that will inflict a $30 million one-off hit on its full-year profit.the listed mortgage broker, which had faced an internal uprising from franchisees over its bus...



our bias to 'free' is costing us money




mortgage commissionsmany mortgage brokers do a fantastic job of helping their clients navigate the sometimes complicated process of securing a loan. with no direct payment from the consumer to the broker, many borrowers can mistakenly interpret this service as free.however, the service is in fact pa...



amp bank defends mortgage broker commissions




curbing the role of brokers would likely mean foot traffic to branches became more important in the market, and the intensity of price competition would fall, she said."it would be a very poor outcome if we ended up with a perverse situation which got in the way of consumers exercising that choice,...



why it’s finally time to ban mortgage broker commissions




something is rotten in australia’s $1.6 trillion mortgage market. that is the inescapable conclusion of the explosive first week of hearings of the turnbull government’s bank royal commission, which continue today.in painstaking and meticulous detail, the commission’s senior counsel assisting,...



scrap all mortgage broker commissions, say consumer groups




the fight over $2.4 billion a year in mortgage broker commissions is heating up, as consumer groups call for all such payments to be scrapped to better serve home loan customers.up-front commissions paid by banks to mortgage brokers, which are typically worth thousands of dollars, should be abolishe...



cba rapped over broker commissions




the head of the banking royal commission has questioned whether the commonwealth bank is being "economical with the truth" in failing to tell customers the value of commissions it pays to mortgage brokers in return for selling its products.​at the commission's third day of public hearings, underwa...



the surprise discovery in woman's bank account




 when clare wainwright checked her bank account on thursday, she did not expect to find herself $24.5 million richer and her mortgage paid off.ms wainwright said she felt "quite great actually" when she saw $25.1 million had been transferred to her account at the national australia bank. clare wain...



'desperate people do desperate things': loan fraud alleged at giant




so-called “low performers” receive a trail commission of 26 per cent of revenue received and mortgage choice retains a margin of 74 per cent, which franchisees say is unfair and pushing many of them to the wall.the documents show there are also 39 “big guns” who settle more than $5.5 million...



'desperate people do desperate things' - loan fraud alleged at giant




so-called “low performers” receive a trail commission of 26 per cent of revenue received and mortgage choice retains a margin of 74 per cent, which franchisees say is unfair and pushing many of them to the wall.the documents show there are also 39 “big guns” who settle more than $5.5 million...



saving with the help of a courtier




you’ve agreed a price with the agent and appeased the owner, but now you need to secure financing. not an easy task living in a foreign country with different ways of doing things. in france, it can mean knocking on the doors of countless banks and partaking in complex negotiations. if it all soun...



sydney woman's shock at $24 million discovery after nab mistake




a sydney lawyer has become $24 million richer overnight thanks to a banking mistake. a sydney woman has found herself $24.5 million richer after her bank accidentally transferred her an unexpected windfall.clare wainwright made the shocking discovery on thursday morning when she logged into her bank...



sydney woman's shock at $24 million discovery after nab mistake




a sydney lawyer has become $24 million richer overnight thanks to a banking mistake. a sydney woman has found herself $24.5 million richer after her bank accidentally transferred her an unexpected windfall.clare wainwright made the shocking discovery on thursday morning when she logged into her bank...



banks are digging themselves a deeper hole on trust




it is a different kind of infrastructure - it's a structure or a system that deals with remuneration at the heart of the issues being dealt with by the royal commission.the issues are about the profits of financial institutions and about the payment structures that reward those employed to generate ...



icici crosses rs 1.5 trn in home loans, aims for rs 2 trn by fy20




icici bank on wednesday said its mortgage loan portfolio crossed rs 1.5 trillion, a first among private sector banks in the country. it is now aiming to grow its home loan book to rs 2 trillion by 2019-20. in line with the bank’s renewed focus on the retail segment, it has become the largest mortg...



the secret fears stopping us from seeking better mortgage deals




nine out of 10 of those who have never changed lenders say they could not be bothered ditching their lender, even if they were able to shave 0.2 percentage point off their current mortgage interest rate. a reduction in interest of 0.2 percentage points would save $21,000 in interest over 30 years o...



the secret fears stopping us from seeking better mortgage deals




nine out of 10 of those who have never changed lenders say they could not be bothered ditching their lender, even if they were able to shave 0.2 percentage point off their current mortgage interest rate. a reduction in interest of 0.2 percentage points would save $21,000 in interest over 30 years o...



main mortgage interest rate in the netherlands sinks below 2% again




the most important mortgage interest rate in the netherlands – the 10-year fixed instrument with a national mortgage guarantee – has once again fallen below 2%.after several reductions in the rate, mortgage provider de hypotheekshop is now offering the product at 1.98%, the telegraaf said on wed...



irish sun - bank of irelands controversial ad sparks online debate




the bank ran an ad about young people moving in with parents the bank was forced to delete the ad after people raised concerns onlinethe ad was for the bank’s mortgage packagesdublin, ireland - a bank of ireland advertisement that was posted on the social media caused massive outrage online, even ...



longmont's habitat builds gratitude to go around




how habitat's dual mortgage workswe set the first mortgage at what it costs us to build the home. our homes in the poplar grove subdivision in south longmont have been set at $145,000 — what the homeowner pays to own their home.next, habitat gets an appraisal to determine the true market value of ...



longmont's habitat for humanity builds gratitude to go around




how habitat's dual mortgage workswe set the first mortgage at what it costs us to build the home. our homes in the poplar grove subdivision in south longmont have been set at $145,000 — what the homeowner pays to own their home.next, habitat gets an appraisal to determine the true market value of ...



friday 30 june 2017 | the week uk




mortgage lending is rebounding as the slowdown in the housing market seemingly comes to an end. the bank of england says a total of 121,464 mortgages were agreed in may, reversing some of the falls in april. in total, mortgage debt rose by £3.5bn, the fastest pace in more than a year. meanwhile, co...



accc to deliver mortgage pricing inquiry report next week




analysts have predicted the report could further dampen the banks' "pricing power" in the $1.6 trillion mortgage market, which is a crucial driver of the industry's profits.when treasurer scott morrison commissioned the review last year, he asked the accc to look at the pricing behaviour of banks pa...



house rules: mortgage choice boss turns the camera on herself




mortgage choice founder peter higgins photo: john shakespeare mitchell, in her wisdom, decided against fronting the abc’s 7.30 report to address ferguson’s allegations.the company waited until wednesday to file a statement to the asx robustly defending itself against the allegations. the stateme...