Recommended Mortgage Broker

Discussion in 'Loans & Mortgage Brokers' started by Mezza, 2nd Jan, 2020.

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  1. Mezza

    Mezza Active Member

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    Hi All,

    I am looking to get advice/guidance on my IP loans to help me improve my serviceability and grow my portfolio. Can anyone recommend a good property savvy mortgage broker? Doesn’t have to be PIPA member but would be ideal but experience helping investors build large portfolios.

    I live on the NSW centrally coast and work long hours so a central coast broker would be ideal but not must with today’s video conferencing.

    thanks in advance.

    Mezza
     
  2. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    There are about 30 brokers on here. Have a read and see whose style you like.
     
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  3. Mezza

    Mezza Active Member

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    thank you. Will have a look at them.
     
  4. Never giveup

    Never giveup Well-Known Member

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    I wonder how the opinions will chabge if all these brokers here work under one umberalla ?!
     
  5. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Why would that happen?

    Couldn't happen, but if it did it wouldn't make bad brokers good or good bad
     
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  6. Never giveup

    Never giveup Well-Known Member

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    If commission and fee structures are same/similar then its just the underwriter thats different.....so when everyone will be working under sane umberalla as One team -clients will get consistent advise and benefits rather than confusion due to diffetent tectucs around how much more one can get with MB A vs MB B etc....
     
  7. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    That is wrong on so many levels. How many ways are there to structure one loan with one lender?
     
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  8. Never giveup

    Never giveup Well-Known Member

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    That's my point.....!!
     
  9. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Sorry I don't get it
     
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  10. Lindsay_W

    Lindsay_W Well-Known Member

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    What is your point exactly?
    It's a big conspiracy, all brokers on this site are actually one person with multiple log ins :D
     
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  11. Jess Peletier

    Jess Peletier Mortgages, Finance & Property Strategy Aust Wide Business Member

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    All brokers see things differently, and have different levels of expertise. Commissions and fee structures have very little to do with anything, in reality.
     
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  12. Never giveup

    Never giveup Well-Known Member

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    @Terry_w given that there are various ways to structure the loan and it comes down to a individuals risk/income and the goal - does it mean one have to talk to numerous people and provide personal confidential information to multiple MB....?

    Lets face it in todats time akk MBs be puttung their hands up and providing strategies on how to structure and if thete are multiple ways to structure a loan how does one validates that this is the one he/she wants?
     
  13. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    Most will have different ideas on how to structure a loan, even with the same bank and client. The problem for the average person is working out whether the broker knows what they are talking about or not.
     
  14. Jess Peletier

    Jess Peletier Mortgages, Finance & Property Strategy Aust Wide Business Member

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    Thee are lots of ways you CAN structure a loan.

    There are less ways that you SHOULD structure a loan.

    If you pick a broker that posts here regularly, you can't go too far wrong. They'd be boo'ed and hissed outta here if they didn't know what they were doing ;)
     
  15. Never giveup

    Never giveup Well-Known Member

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    It is a big problem, as an example I want to achieve X and you may suggest Y approach to get me to X and lets say @Jess Peletier suggests Z and both of these strategies can get me to X so for me it is a dilemma or a gamble...
     
  16. Terry_w

    Terry_w Lawyer, Tax Adviser and Mortgage broker in Sydney Business Member

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    You will need to make a decision. It is the same with getting legal advice, tax advice or even medical advice. Not everyone agrees because there is not just one answer.
     
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  17. # 1

    # 1 Well-Known Member

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    Hi Jess, what happened to that thread you put up yesterday about Margaret Lomas and her thoughts about paying P&I
     
  18. Jess Peletier

    Jess Peletier Mortgages, Finance & Property Strategy Aust Wide Business Member

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    I deleted it :) My thoughts remain, but I probs didn't have to bring Margeret into it ;)
     
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  19. Never giveup

    Never giveup Well-Known Member

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    Do MBs send potential client information O/S for assessment and other paperwork or do it by themselves here in Aus?
     
  20. Never giveup

    Never giveup Well-Known Member

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    When we get all those advices we only provide specific info related to that however with MB one needs to provide every thing.....
     

The shift to the regions has been quite profound with Millennials and Gen X leading the way. It seems affordability, lifestyle, and working from home have been the key drivers from which these generations have been able to take most advantage.