I just heard the advertisement on the radio AGAIN from AMO (Australian Mortgage Options). They guarantee to pay anyone $100 if they can’t improve your current home loan.
A few of my clients have already collected!
Anyway, with the new Interest Free Home Loans, I guess there will be a queue of people at the AMO offices to collect $100 as AMO do not have access to this product as far as I know.
Should be interesting to see if their advertisement will stay around for much longer.
When I grow up, I want to be a storm trooper!
Rang these guys up.
Told them about my 5.85% rate I am currently enjoying whilst I wait for my Interest Free Loan.
I hope the chap I spoke to was just a telemarketer and not a broker because he was clue free about finance.
Seems they are selling a 6.85% fixed term mortgage minimisations scheme. He claimed I would be better off to pay the extra percent and their fees.
We finally agreed that they had nothing to offer so I asked about the $100. He was lost. Didn’t know what to say and said the manager would call back about it – still waiting. I have no intention of pursuing the cash – just was curious to see what they had.
Top be fair he didn’t know I was a broker. But in all honesty the chap I spoke to did not inspire any confidence in this company.
Simon Macks
Interest Free Home Loan Agent
[email protected]
0425 228 985Fully Accredited With Derivex LTD and IFHL PTY LTD
***Ask about our Interest Free Home Loan***
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
It is always about marketing. Whoever has the most media coverage gets all the business. Take Aussie for example… when I was there, they only had a panel of 17. 3 of those were Westpac and their different names and two of those were funders for Aussie Branded Products. That effectively meant they had a panel of 14.
They heavily marketed themselves as independent and having all the right loans under one roof etc. They even said they had the time to find you the best loan. Well, from a panel of 14, they have buckleys!
Anyway, the funny thing is Mortgage Choice got in trouble for saying similar things and they had a panel of 26. I never heard a bad thing said about Aussie. I believe the above comments in the media have since stopped by Aussie. I guess money thrown at the media helps a lot!
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The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
he he (you really do crack me up)
remember big rob that big john has lots of big lawyers
cheers
brahms
mortgage broker
[email protected]
brisbaneHave you ever looked at my website??? Click on the splash page to enter the site and look at the banner at the top… in case no-one noticed, my bi-line is….
“…we’ll REALLY save you!!!”
I am not worried about John or anyone else for that matter. I tell it how I see it without fear of reprisal.
You can not be sued for telling the truth. Aussie Mortgage Market (owned by John Symonds) owes me about $40,000 from over a year ago. He is a rip-off merchant and it is the reason why he has the highest broker turnover in the industry. I am just happy I realised it sooner rather than later.
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The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
I know what you mean Rob. I share a house with an ex regional manager for Aussie and I’ve heard all about them
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
Another fact!!!
John Kolenda, former third in charge of Aussie, left and started up in competition.
Aussie reminds me of a ship on fire with the rats abandoning ship.
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The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
I couldn’t believe it a few years ago, when I decided to go back in workforce after having kids, I went for an interview with Aussie through an employment agency and couldn’t believe the crap they put you through and then they make you pay to work for them. What cheek.
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
And then take all your income when you leave.
I left because they tried to prevent me giving out software to brokers from other organisations. I created the software but they tried to say it was their property. They must have forgotten that I was a subcontractor.
I guess I was only a subcontractor when it came to tax time and being paid but I was an employee when it suited them.
Oh well, enough said about Aussie or I may get that subpoena in the mail.
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The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
Typical.
I know heaps of people that worked for a property marketer and it was the same old story. You leave you don’t get paid. My Hubby is owed $110k by these people, but I don’t think we’ll ever see it.
Anyway, how’s business going? We are a bit quiet in the residential but development finance is booming.
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
I am withdrawing from all standard loans in preparation for interest free stuff. Quiet for me.
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The poster formally known as The Mortgage Adviser
When I grow up, I want to be a Storm Trooper!
I’ll be withdrawing also if I get accredited and then the hubby will be stuck with it all. lol
Financial Wellbeing Coach
W: http://www.pfsfinance.com.au
E:[email protected]
E:[email protected]Development Finance Specialist
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