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Borrowers

Are Mortgage Brokers honest with home buyers and refinancing homeowners?

By Rick Adlam on Saturday, March 20, 2010

If the Mortgage Broker explains to the customert that they are offering a no cost home loan service to them, because the lenders are paying them a commission for introducing the home loan to the lender, they are being honest in my view.
If on the other-hand the mortgage selected favours the mortgage broker and his or her own personal interest, then it seems to me that the mortgage broker would have to be considered dishonest.

Posted in Commonwealth Bank, Home Loans, Homeowners, Lender, Mortgage Broker, Mortgage Industry, Westpac | Tagged Borrowers, Commonwealth Bank, first home buyers, Home Loan Lender, Interest Mortgage, Mortgage Broker, Mortgage Brokers, Mortgage Lender, Refinancing Home Loans, Refinancing Loans, Westpac

Home loan rates on hold as RBA reads the China tea leaves

By Rick Adlam on Friday, March 19, 2010

The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.

Posted in Australian Economy, Banks, First Home Owners Grant, First time home buyers, Home Buyers, Home Loan Interest Rates, Housing Market, Mortgage Rates, Reserve Bank of Australia | Tagged Borrowers, Home loan rates, Home Loans, Interest Rates, Mortgage Rates, Mr Mortgage, RBA, Reserve Bank Governor, Reserve Bank of Australia

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