Why choose a Mortgage Coach ? 3

Why choose a Mortgage Coach ? - 3
.
A regular Mortgage Broker will usually act as an 'Order Taker'.
This Order Taker role can be indifferent
to important issues related to the Home Loan process,
and in particular the purchase of Investment Property for SMSF.
.
In an Article in the Sydney Morning Herald entitled,
'Property spruikers scent big opportunity in super',
with a subtitle,
'Regulators are struggling to keep up as the nexus between real estate operators
and financial advisers gets stronger.'
.
The Article states,
'Property investment seminars being held around the country
are striking a chord with those seeking a comfortable environment.
Usually the main speaker will be from a real estate company,
though the exact nature of the business is not always clear.
But the pitch is clear enough:
how real estate, particularly apartments,
can be mortgaged inside a Self Managed Super Fund (SMSF)
where existing super is used for a deposit on the property.
Some even advise that if you do not have enough super
for the deposit,
you can borrow against the equity in the family home.
.
Each week, about 700 self managed super funds are established.
No one is saying holding mortgaged property inside
an SMSF cannot be a good investment.
But it is the hard sell from unlicensed property spruikers
that has the Australian Securities and Investment Commission,
and others, worried.
.
'In the right hands , SMSF's can be very effective retirement saving vehicles',
ASIC Commissioner said....'In the wrong hands , however,
SMSF's can be high risk'.