Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?
Continue reading about Banks to be Big Brother in credit report profiling
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.
Continue reading about Are Mortgage Brokers honest with home buyers and refinancing homeowners?
Comedian and Sitcom Star Jerry Seinfeld is to appear in TV commercials for mortgage home loan lender Newcastle Greater Building Society.
Continue reading about Jerry Seinfeld doing ads for local Australian mortgage home loan lender