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  1. 10-07-2020, 10:01 PM #10
    SBQ
    SBQ is offline
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    Quote Originally Posted by blackcap View Post
    I don't know what you guys are on about with this 20% thing. A mate of mine just purchased a house with a 10% deposit. So its never easier to get a mortgage now and with interest rates being very low....

    Funny thing is I would never have lent to that guy the amount he has borrowed, but the bank did.
    Which goes to show the confidence that the banks have on issuing mortgages.

    I'll reiterate, there are SOME major banks that DO NOT deal with mortgage brokers. I know this 1st hand experience and had been confirmed at both ends (by the broker stating so and so bank and approaching said bank directly).

    If i'm not mistaken, it was Kiwi Bank that does not deal with brokers and asks the client to deal direct with them.

    Why pay a mortgage broker to go around when the customer can visit each bank to get the best rate?
    Last edited by SBQ; 10-07-2020 at 10:03 PM. Reason: Name of the bank
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