I am also lokking at a “Lifestyle Planner” franchise and would love to chat with anyone else in a similar situation or who has had experience with the original product called “ExploreITall”.
Originally posted by MortgageHunter:Quote:Originally posted by AusProp:People aren’t idiots and will only refinance if there is a clear benefit!
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Simon unfortunatley this is not always the case. Had clients in recently hell bent to refinace there $600,000 mortgage and commercial loans. The new broker had showed them that with his line of credit (1%+ over there current rate ) they could repay there $140,000 home loan in 6 years.
How had he done this, he had lead them down a path by selectively taking their information (they had massively misjudged there current expenditure personal ) producing the result he wanted.
They thought it was a miracle banking product, not the fact that he interpreted that they could live on $50.00 a week.
Yes there are good brokers, and they work very hard in the clients interest but the profession has its share of rogues as well.
thanks for the input gmh454 but lets get this topic back on track.
The original post from Wiland was:
I was wondering if anyone out there has had anything to do with a company called “The Lifestyle Planner Pty Ltd” (used to be called ExploreITall Technologies). Go to http://www.thelifestyleplanner.comWhat were your experiences, good, bad or otherwise? Would be very interested in hearing your opinion as I am considering the purchase of one of their franchises.
I don’t see any indication that they have a financial license to provide financial advise (required on their site if they’re a licensed financial advice provider…aka financial planner)
I see no certification on their training programs for franchisees (not strictly required but provides security that their training has been reviewed, is transferable and recognised in the industry).
It appears they are looking to make money on franchisees rather than by providing a service.
Frankly I reckon you should run a mile.
Cheers,
Aceyducey
In theory, there is no difference between theory and practice. But, in practice, there is.– Jan L.A. van de Snepscheut
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