A comparison between respectable mortgage consultant and a leading lending institution (loans officer).

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This case study demonstrates the benefit of shopping around for your home loan and using a mortgage broker to do all the leg work.
Lenders offer a wide array of products and interest rates. Most significantly, there are great differences in the amount they will lend an applicant.

John and Mary*, both in their early 40s, had just sold their rural residential property and calculated that they would have a deposit of just over $50,000 to put towards their new home. (more…)