Who owns Mortgage Choice Limited?
REA Group Ltd
Mortgage Choice/Parent organizations
Since 1 July 2021 Mortgage Choice is a wholly owned subsidiary of REA Group Ltd (REA:ASX). Mortgage Choice holds an Australian Credit Licence: no. 382869. FinChoice Pty Limited, a fully owned subsidiary of Mortgage Choice, holds an Australian Financial Services Licence: no.
Is Mortgage Choice owned by CBA?
Mortgage Choice is a current member of the Franchise Council of Australia as well as the Mortgage & Finance Association of Australia; and holds a credit licence (number 382869) issued by ASIC….Mortgage Choice.
| Traded as | ASX: MOC |
|---|---|
| Services | Mortgage broking, Financial Planning |
| Website | www.mortgagechoice.com.au |
Who is Peter Higgins?
Peter Higgins is the director of the IBD program at the University of Michigan. He received his bachelor’s degree and medical degrees from Duke University, and completed a Ph. D. in molecular cancer biology at Duke.
What does Mortgage Choice do?
At Mortgage Choice, the only thing that matters to us is the home loan that’s right for you. So we pay your broker the same rate no matter which home loan you choose from our wide choice of lenders.
How does mortgage choice make money?
The current mortgage broker commission structure is made up of an upfront fee, clawback and an ongoing trail commission. At Mortgage Choice, our paid the same model means our brokers receive the same rate of commission regardless of which loan or lender you choose. This sets Mortgage Choice brokers apart.
What is a mortgage lender called?
Most mortgage lenders in the U.S. are mortgage bankers. A mortgage bank could be a retail or a direct lender—including large banks, online mortgage lenders like Quicken, or credit unions. These lenders borrow money at short-term rates from warehouse lenders (see below) to fund the mortgages they issue to consumers.
Should I speak multiple mortgage brokers?
Having multiple offers in hand provides leverage when negotiating with individual lenders. However, applying with too many lenders may result in score-lowering credit inquiries, and it can trigger a deluge of unwanted calls and solicitations.
Is Mortgage Choice listed?
Mortgage Choice is an ASX listed company that seeks to help Australians with all of their financial needs.
Are mortgage brokers better than banks?
While banks expect the client will negotiate with them, or accept the given rate, mortgage brokers are more likely to go to bat for you, to get a lower interest rate.
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