AlanKirkland Jess_Irvine So you're telling me Banks will now consider reducing interest rates? Tough chance 'Australians are paying the cost of commissions anyway, even if they don’t realise it – it simply increases the interest rate they ultimately pay on their loan as the bank seeks to cover costs.'
Jess_Irvine This article is a good example of comments being made without comprehending the consequences for the consumers. Firstly, I am not a broker and this can be confirmed by matching names on broker registers. The writer doesn't seem to know banking and like choiceaustralia makes...
Jess_Irvine The LNP are going to make a whole lot of money out of this in donations!!!!
Jess_Irvine Could you please provide us with some factual evidence, on how you came to your conclusions other than copying Haynes who obviously is copying someone else without doing their own independent research?
Jess_Irvine This will spell disaster for mortgage brokers. When the punters find out they have to pay for the service, they will do it themselves. Australians are not big on paying fees for services. I would hate to own a mortgage broking franchise.
Jess_Irvine Seriously why are mortgage brokers even a thing? What do they do that any average person couldn't do themselves? I get it that there are many disadvantaged people who need help, but brokers shouldn't be allowed near them.