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Marty McDonald
17 Posts
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Marty McDonald

Australia wide - head office Sydney
Joined 1 April 2011
Junior Member
6 years6 yearsMarty McDonaldMarty McDonald posted:
Loan for things outside builders contract

This is such a common issue by the sounds of it. Putting my bankers hat on for a mo
There are two main issue:
1) control of funds and the 2)…

6 years6 yearsMarty McDonaldMarty McDonald posted:
HELP, Problem with Westpac

Not a good situation but I agree wirth Ed. They signed off on it thier problem. I have had a few lenders try and pull their approvals on me /…

8 years8 yearsMarty McDonaldMarty McDonald posted:
1% discounts from CBA, ANZ and Suncorp

CBA came out with a published 1% discount off the standard variable rate today for sub 80% LVR loans over $500k. There is certainly a price war going on with…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Exit Fee Varied from $0 to $350 Wizard (AMS) !

Exactly better the devil everyone knows. Some of the crap GE and Rhg (old rams) pulled during the gfc was unbelievable. That is why contrary to many of my colleagues…

8 years8 yearsMarty McDonaldMarty McDonald posted:
choice home loans

I have seen this argument many many times before about who is better brokers or banks direct and IMO it comes down to the people you deal with not the…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Inaccurate credit report

I am not 100% on this but I have a hunch D & B are more in the commercial credit report space and Veda are more in the individual space.…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Not being unconditionally approved before house is complete

Yes that's right at 75% lvr you have effectively a worst case scenario of a 20% margin for error ie a 95% loan. Certainly not ideal if it were to…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Curious as to how people choose their lender / broker

So looks like the net is important for people doing research on home loans. I thought as much. Is interesr rates people are looking for online or something else? Surely…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Curious as to how people choose their lender / broker

I like ME too, quality lender and the first lender that brought in a true no fee loan.
They got a bit caught up in the GFC though (they securitise…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Curious as to how people choose their lender / broker

Hi Meatbag,
Ha ha yes the old dolomite. The CBA got me a uni with a special cheques cleared instantly account. It was pure gold back then not to have to…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Cost Of Mortgage Insurance

What was the outcome on the lmi cos grevis??

8 years8 yearsMarty McDonaldMarty McDonald posted:
How many credit enquiries?

Hi,
I for one am not convinced that broker inquiries ie agent inquiries dont count against you. If credit score is done automatically and the algorithins are secret how would you…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Best bank for a home loan?

Go to a broker get their advice and then go direct to the recommended bank? Are you serious?? Obviously you don't respect a) what a good broker can do for…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Yellow Brick Road

Have never used them personally but I considered joining them a while back as a franchisee. They are a mortgage broker and may also have access to their own loans…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Loan declined due to HOUSE being high risk?

Must be a pretty crappy house :)
Onto the next one. I suggest you go with a lender that allows upfront valuation next time if you plan…

8 years8 yearsMarty McDonaldMarty McDonald posted:
Genuine savings and amount able to borrow questions

You will be fine. Savings just have to be in one of your names.
On those incomes you should be able to borrow more than you need no problem.
That…

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Joined homeone
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