Richard,I am not sure what you mean "against" its books,  St George is a bank and it also securitises its loans off their balance sheet,  like every other financial institution that sells home loan products (not including brokers and aggragators of course).  As I see it, and just to note that do not claim to be some financial wizard or anything…[Read more]

If you get a mortgage from the big banks, that bank would hold the mortgage over the property, but if you get a mortgage from a non bank lender (or lending institution) like ING Bank or Macqaurie, the mortgage would most likely be held by someone called Perpetual Trustees or something like that.  This is basically the trustee that looks after the…[Read more]

Moose,There are 2 basic ways in which lenders fund home loans, the first is through their balance sheets.  When someone deposits money into a bank, that bank can then lend that money to someone else, usually secured by an asset (house and or land, car, business asset etc.).  This is usually called balance sheet lending.  The big banks in Au…[Read more]

I just wanted to point out my experience with the mortgage docs being notorised.  In regards to the notary, I went straight to the US consulate and paid $170US to get all the mortgage documents binded and notarised.  Because I already had a US bank account where my deposit for the property was coming from, I paid it with my US debit card and di…[Read more]