, Feb 04 2013 01:30 PM
9 replies to this topic
Posted 04 February 2013 - 01:30 PM
We are looking to upgrade our 2 bedroom home to something bigger.
Quick back story... we don't want a mortgage with our current lender, they are hopeless and after 10 years we are happy to give them the flick.
We went and saw another bank, told him we want to move everything over to him inc 2 mortgages, 2 credit cards, our every day banking etc because we are sick of our other bank. We had valuations done on our 2 properties and now have pre-approval through them. Well, they have turned out to be useless too. The branch manager/owner wouldn't return my calls when I needed something done urgently. It took him 9 days to phone me back and me ringing 6 times and leaving urgent messages. We lost a house because of it and when he did call back, I laughed him out of his own bank.
So, we dodged a bullet there and have decided now to go through a broker to find us the best deal. We have an appointment with Aussie but I was wondering if there are any scams, hidden fees or other things that we need to be cautious of by going through Aussie? People seem to love them or hate them is the general feel I get. I'd like any tips or advice you can offer.
Thanks in advance.
Edited by Bek+3, 04 February 2013 - 01:36 PM.
Posted 04 February 2013 - 01:35 PM
I got my mortgage in December through Aussie.
It was painless; since then so many people have told me horror stories and I've handed my brokers details out everywhere.
One appointment, all paperwork done, a few calls and that was that.
No fees, they get paid by the bank and they disclose that to you.
I even got flowers and a house warming card, follow up call to check all my accounts were alright and a voucher for referring a friend.
Posted 04 February 2013 - 02:23 PM
Gee, it seems they went above and beyond. Like you even said, I just keep hearing horror stories though. Based on your post, it certainly can't hurt to give them a try.
Posted 04 February 2013 - 03:14 PM
It was a few years ago now, but I found Aussie kept trying to push their own products onto us. Ended up using Mortgage Choice as I liked our local broker through them better and they don't have their own products, and get the same commission regardless of who you end up going through.
Posted 04 February 2013 - 03:23 PM
In Melbourne we used Affinity Mortgage brokers twicehere
It is a husband and wife team and the husband who is called Yong is a crack up - he is a Chinese bloke and he is lovely to deal with.
Our first mortgage - piece of cake and we used ING and loved the way it was set up for us.
Our second mortgage was a bit of a headache as we were originally going to need bridging finance to cover us between the 2 house settlements which ING cannot do so we ended up with Suncorp even though in the end we did scramble and find 20% deposit without having to do the bridging loan
I would recommend Yong again.
Posted 04 February 2013 - 04:16 PM
Thank you for the replies. Twinboys I'm not in Melbourne, what a shame!! They sound great.
On another note, that's a very good point about Aussie trying to sell their own products. I will walk in aware of that.
Thank you again.
Posted 04 February 2013 - 04:29 PM
I used Aussie for my first home. They did try push some products on us but we shut them down quickly and they didn't try again. We just gave them a flat dead state 'no' and refused to talk about it other than mortgage.
Otherwise, they were quick and efficient and got our loan sorted for us quickly.
Used them a second time round and they said errrr you can't afford it,
Went to our lender our loan was with and they said well der, of course you can afford it and fixed it up promptly for us and we were all sorted
Posted 04 February 2013 - 04:30 PM
I would try Aussie brokers, but if they don't give you the right answers try mortgage choice. My experience was that The Aussie broker said we couldn't purchase and needed to save for another six months, but mortgage choice found the right loan straight away by using existing equity in another property straight away, just a smarter broker I guess...good luck.
Posted 04 February 2013 - 04:39 PM
Adding Smartline Mortgage brokers to the list....my Dad is a frachisee. They don't have any products to sell either.
Posted 04 February 2013 - 04:42 PM
It really depends on the individual broker more than the company I think. Some are great, some are crap. If you can say whereabouts you're located, I'm sure someone can recommend one for you.
1 user(s) are reading this topic
0 members, 1 guests, 0 anonymous users
Take heart in these principles that will transfer seamlessly from the workplace into your new life as a parent.
The new Volvo XC90 SUV's focus on keeping you safe does not come at the expense of comfort in the XC90.
Kim Kardashian has revealed complications during pregnancy means she might have to have a hysterectomy after the birth of her second child.
Loath as you may be to admit it, chances are that at some point you have found yourself in the kitchen late at night, devouring food.
They say twins have a unique connection. If this cute clip is anything to go by, these toddler sisters like to use their special bond to try to fool their mother.
For women trying to encourage their partners to take more interest in fatherhood, it could be the ultimate incentive.
Conditions affecting the gastrointestinal tract are common in modern humans, and many are on the rise - including irritable bowel syndrome (IBS), inflammatory bowel disease (IBD) and coeliac disease.
Tired of being asked about their baby-making plans, Australian couple Matt and Abby decided to give a creative answer.
To celebrate Essential Baby reaching half a million Facebook fans, we have a Mountain Buggy Swift to giveaway to a lucky fan.
There comes a time when your child starts having different views to you. I didn't realise that time would come so soon.
I bet your to-do list today is long. But somewhere on that massive list, are you making time for your pelvic floor?
Three months ago, my wife, Chrysta, and I were driving along Melrose Avenue in Los Angeles when she let out a harrowing cry.
Some babies get excited when mum or dad come to get them from their cot after a nap.
In a world first, a healthy baby has been born from the same womb that nurtured his own mother.
Supermarket home brand foods, long derided as cheap and inferior, contain far lower levels of salt than pricier, branded rivals, new research shows.
A paediatricians' group is recommending that infants at high risk of peanut allergies be given foods containing peanuts before they turn one.
Ever dreaded the prospect of a long flight, dreaming about how wonderful it would be for a nanny to entertain the kids?
My husband was sure that Danger was a good option for a boy. And as the pregnancy progressed, it actually started to sound really good.
It's one way to make your baby stand out from the pack – giving them not one, but two first names.
When I fell pregnant with my second child I was, naturally, very excited. Then it all started to come back to me - and I freaked.
You're out shopping with your little one and they're incessantly whining that they want a treat. It's easy to say no ... the first time, at least.
Get your free ticket to the Sydney Essential Baby & Toddler Show for September 25-27 - register online now.
Thirty seconds was all it took to turn a shopping trip into my worst nightmare.
George has overtaken William in the official rankings of most popular British baby names - and Game of Thrones is still having an impact on parents.
What's more important, a baby or a baseball? That's a question this dad seems to struggle with.
It's not often you hear the words labour and luxury in the same sentence but for some, a 5-star start to parenthood is exactly what they seek. And with a number of private hospitals now offering packages which include a post-birth stay at a sumptuous first class resort, many mums are choosing to recover in style.
Most women carry a smidge of baby weight after giving birth. If you're lucky enough to have an older child in the house, they can keep you on track with your weight loss goals.
Is it too soon to be reading to my two-month-old son? If not, what should I read?
Sibling rivalry is an act of competition, but if your children feel involved and special, this type of jealousy will be minimised.
I remember when I was trying to decide if I could combine motherhood and furthering my university education.
To celebrate dads and families, we are giving away a Picos Pack from Pacapod Australia filled with a few extra goodies ENTER NOW
A mother has had a frantic race to the hospital after her daughter was hit by a car, just four weeks after her infant son died.
A six-month-old baby girl is trapped in the Thai capital in a bitter custody wrangle between her Thai surrogate mother and her biological father.
A mother of six has been denied access to IVF treatment in order to have another child over concerns about her parenting skills.
Exhausted parents from around the world are singing the praises of a "miracle" book which promises to put even the most restless child to sleep in just minutes.
Parenthood can make you feel bad, but you're not alone.
The British royal family criticized paparazzi on Friday for what it called their increasingly dangerous attempts to photograph young Prince George.
"Anti-vaxxers" face not being able to send their children to childcare centres or kindergarten if they refuse to have them immunised.
Giving birth in a hospital surrounded by medical experts is tough enough, but some women deliver babies without a clean sheet to lie on.
When their son Jacob was born at just 27 weeks, Christina and Jeff Hinks were thrown into an uncertain world.
Bugaboo sure likes to keep things fresh, and with the Australian spring/summer season coming up, there are two new Bugaboo pram releases.
Mum's room or their own room? Cot or bassinets? Deciding where twins will sleep can be tricky.
Get your free ticket to The Essential Baby & Toddler Show and save $20 - register online now!