Banks bidding for mortgages

Discussion in 'Loans & Mortgage Brokers' started by NickWCBA, 4th Oct, 2021.

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  1. NickWCBA

    NickWCBA Well-Known Member

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    NickWCBA, 4th Oct, 2021
    #1
  2. Peter_Tersteeg

    Peter_Tersteeg Mortgage Broker Business Member

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    The banks aren't bidding for your business. It's listing the current offers available to given the parameters you enter into their system. This sort of system only really caters to the most vanilla of owner occupiers with a single property. Even then the only point of comparison is the cost of the loan and the most basic product features.
     
    Peter_Tersteeg, 4th Oct, 2021
    #2
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  3. Trainee

    Trainee Well-Known Member

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    Cute website. Meaningless except for the simplest loans. In fact more dangerous since youd still have to do a proper application, and if something wasnt entered into the cute website youd still have your credit file dinged.
     
    Last edited: 4th Oct, 2021
    Trainee, 4th Oct, 2021
    #3
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  4. NickWCBA

    NickWCBA Well-Known Member

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    I figured this would be the case!
     
    NickWCBA, 4th Oct, 2021
    #4
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