Thursday, June 12, 2014

Why choose a Mortgage Coach over a Mortgage Broker ?

Why choose a Mortgage Coach over a Mortgage Broker ? - 2
.
If you are deciding to buy Investment Property,
it can be quite difficult to obtain the best advice from Property Seminars
and Property Spruikers.
.
Subsequently when it comes to choosing which area in Australia
to buy Investment Property,
you need to obtain truly independent advice.
The problem with getting impartial advice,
is that nearly all Property Marketers
are spruiking the benefits of the Properties from their own Property Group.
.
How can you tell if the Investment Property is a good opportunity
if the Property Spruiker has a vested interest in the Sale ?
.

.
When you are purchasing an Investment Property
your Mortgage Broker should be acting as a Mortgage Coach
in the negotiation of the Property transaction.
'Jack Parrot' the Mortgage Broker ( our fictitious character, a  pirate parrot )
 is merely an 'Order Taker',
and shows no real interest in the Property transaction process.
Jack Parrot repeats the same line ad nauseum ,
"We'll find the right loan for you",
and ignores the critical question for Property Investors,
"Are you buying in the right area ?".
.

.
The above illustration is an analogy of 'Jack Parrot'
in collusion with a Property Group
to persuade Clients to buy Investment Property,
not based on impartial advice
but because of the Commissions paid.
.
We are not suggesting that every Mortgage Broker is a Jack Parrot,
but it is very important to understand the point of difference
offered by a Mortgage Coach .

 

No comments:

Post a Comment