All Topics / The Treasure Chest / Mortgage Broker – Is this normal?

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  • Profile photo of TOWLIETOWLIE
    Member
    @towlie
    Join Date: 2003
    Post Count: 11
    September 20, 2003 - 6:49 am

    Had a cold call from a firm, to come and talk to us about refinancing our home.

    So we listened to how a LOC would be our savior. But it will cost us $3000.

    Now I have no problem refinancing or using LOC.

    But $3000.

    Your thoughts.

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    September 20, 2003 - 7:00 am

    Don’t do it.

    Any broker here can set up an LOC. I do it for free and I am sure all the others do too.

    We get paid a commission from the lender so I suspect these guys are double dipping.

    Cheers,

    Simon Macks
    Mortgage Hunter
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of TOWLIETOWLIE
    Member
    @towlie
    Join Date: 2003
    Post Count: 11
    September 20, 2003 - 7:08 am

    Thanks, my thoughts also.

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    September 20, 2003 - 11:03 am

    Yes, I agree too. Don’t do it!

    Terryw
    Discover Home Loans
    North Sydney
    [email protected]

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

Viewing 4 posts - 1 through 4 (of 4 total)

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