Would you be happy to Pay the Mortgage Broker

Discussion in 'Financial Planning' started by MTR, 6th Feb, 2019.

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  1. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
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    10,653
    Location:
    Gold Coast (Australia Wide)
    well mostly not these days

    600 k cash out loan for a client the other day for DCA into shares

    CBA wont pay us a cent in upfront, because its not used within 14 days............

    Thats pretty much industry wide.

    At the moment if you have 100 k in offset, and want to say borrow 500, and retain the 100 in offset and buffer, the current system ethically and morally says, that 100 k.......... that buffer you want, Im sorry, but u should not really retain that buffer ........... you SHOULD borrow the absolute minimum you can.

    if its not ethical to be paid for it, its not ethical to write the loan, and right there is a designed conflict of interest and moral hazard.

    We have only just begun...............


    ta
    rolf

    ta
    rolf
     
    Rolf Latham, 11th Feb, 2019
    #61
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