All Topics / Finance / Brokers is this the norm these days

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  • Profile photo of brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485
    July 9, 2004 - 12:08 pm

    Simon, surely you mean NAB don’t pay commision to brokers for deals to existing customers (transparent)

    Alf, unfortunately the allocation of ‘personal banker’ sounds better than it actually is. and again, unfortunately your experience is not uncommon. however…

    if you are not disadvantaged by x-coll of properties, and the finance deal is competitive, and you are purchasing quality properties (and the other properties in your portfolio are quality and you retain a minimum of 20% equity overall) plus your personal income stream is sound –

    why are you worrying about this? after all, your posts haven’t mentioned any hesitation by your lender to fund any further purchase, or have they?

    Brendan Heagney
    Mortgage Broker
    0438 436383

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781
    July 9, 2004 - 12:39 pm
    Quote:
    Originally posted by brahms:

    Simon, surely you mean NAB don’t pay commision to brokers for deals to existing customers (transparent)

    That is true – but my contacts there who bend over for me are all in the new business section and don’t deal with existing customers.

    I would help if I could. Others here can testify to the assistance I freely give expecting no reward.

    I am sure you weren’t being offensive and sorry I took umbrage.

    Cheers mate,

    Simon Macks
    Mortgage Broker
    http://www.mortgagehunter.com.au
    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 brahmsbrahms
    Participant
    @brahms
    Join Date: 2004
    Post Count: 485
    July 9, 2004 - 1:01 pm

    no offence taken and none given – your written word is consumate evidence of your professional position, IMHO this is a common position supported by the vast majority of profesional mortgage brokers who openly advise their clients of the good, bad and evil of mortgage finance (and need i say it, relative commissions earnt)

    cheers

    Brendan Heagney
    Mortgage Broker
    0438 436383

    If you don’t ask, the answer is no!!

    Profile photo of JetDollarsJetDollars
    Participant
    @jetdollars
    Join Date: 2003
    Post Count: 2,435
    July 9, 2004 - 1:02 pm

    I guess Simon just trying to help out here because he has been dealing with the right people with NAB and found them helpful. There are alway a good and bad one in any industry or anywhere in the world. If you found a good one then stick to it, otherwise walk away and try to find a new one.

    Alf, If you are not satisfy with NAB just walk away….

    Kind regards

    Jet Dollars
    [Retire Young, Retire Riches] [strum]

    Profile photo of FFCommFFComm
    Member
    @ffcomm
    Join Date: 2004
    Post Count: 627
    July 11, 2004 - 3:51 pm

    “Alf, If you are not satisfy with NAB just walk away….”

    Or run…

    Rgds.
    Lucifer_au

    Profile photo of stargazerstargazer
    Participant
    @stargazer
    Join Date: 2002
    Post Count: 344
    July 13, 2004 - 1:44 pm

    Hi all

    Thanks for your replies….
    Simon sounds like the new business section is an interesting place?

    Bend Over for you[shades]..Sorry couldn’t help myself…lol

    regards
    Alf

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