Forum

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Notify me of new replies via email
Mortgage Broker News | 30 Apr 2014, 09:58 AM Agree 0
One broker reiterates the positives of the much-maligned – and increasingly popular -- collateral mortgage product.
  • Robbie Ryan | 30 Apr 2014, 11:58 AM Agree 0
    First National and ICICI are transferring collateral charge mortgages
  • Deepak Bansal | 01 May 2014, 11:50 AM Agree 0
    Don't put all your eggs in one basket - I agree with Dustan.

    With respect to collateral mortgages in general, a lot of brokers are upset about this, but let's face it, it is what it is. It has both pros and cons. At the end of the day, whether or not a lender registers a collateral charge, our business as brokers should not be affected. The focus should remain on SERVICE. Its important for all brokers to learn the ins and outs of Collateral mortgages, they are not necessarily a BAD thing, but at the same time a collateral charge mortgage isn't the right fit for every client. Its more important, as Dustan says, to educate and advise our clients of the pros and cons. Also thoroughly understand your client's short-term and long-term goals to know whether or not a collateral charge mortgage would be a fit.
  • John B | 01 May 2014, 03:20 PM Agree 0
    All good unless we have another 2008 crash!!
  • Silly Rabbit | 02 May 2014, 11:03 AM Agree 0
    What John B said....
Post a reply