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Mozo - State Custodians

Discussion in 'Property Finance' started by Harro, 9th Sep, 2015.

  1. Harro

    Harro Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    121
    Location:
    NSW North Coast
    Has anybody had dealings with this lender and if so would you recommend them?

    Thanks.
     
  2. Harry Goyal

    Harry Goyal Member

    Joined:
    22nd Jul, 2015
    Posts:
    8
    Location:
    Victoria
    Which lender?
     
  3. Harro

    Harro Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    121
    Location:
    NSW North Coast
    I was led to believe they are under the Mozo banner/ state custodians which are apparently, according to Canstar the number 1 non- bank lender.
    Any info would be handy.
     
  4. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    1,171
    Location:
    Gold Coast
    I dont have any info, but the lenders website has a lot.

    What specifically, are you looking for in a loan product, and why ?

    Once you know that simply call the lender and ask them?

    ta
    rolf
     
  5. htopg

    htopg Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    202
    Location:
    Sydney
    Mozo is not a lender.
    It is a website that compares homeloans (&other stuff) just like ratecity.com.au, comparethemeerkat.com.au (I meant comparethemarket.com.au).
    One of my homeloans is with State Custodian.

    Their official name is loooooooooong - State Custodians Mortgage Company.
    They called them self SCMC for short.

    SCMC has good rate - 4.09%.
    SCMC has offset account - need to pay annual fee $299 to get it.
    SCMC can have a LOC portion with the same rate as the loan you are getting.
    SCMC has not increased rate for IO loans so far :)
    SCMC used to have a policy where LMI is charged for loan > 500k (even if LVR stays <= 80%), but they dropped that.
     
  6. mja

    mja Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    175
    Location:
    Sydney