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Mortgage broker debate is everything that is wrong with our democracy – Because, Australia, we need to keep talking about mortgage brokers, some of the most important gatekeepers to our multitrillion-dollar obsession with property ownership. After intense lobbying,
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Using Your Agent’s Recommended Mortgage Lender – · A mortgage lender cannot reward a real estate agent for sending business to that mortgage lender. Section 8 of the RESPA prohibits anyone from receiving compensation or some sort of payment in exchange for a referral on a federal mortgage loan.
Should I Pay Off My Mortgage? – On the other hand, the 30-year mortgage is very friendly to real estate brokers, home developers, and banks. Simply put, it allows them to sell more expensive houses. Bankers are gleeful to hand out.
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Coalition backflips on mortgage broker trailing commissions – Australia’s mortgage brokers have won a reprieve from Treasurer Josh Frydenberg after the Morrison Government dumped its promise to ban trailing commissions from July next year. Trailing commissions,
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