FAQ

Welcome to the FAQ page

From TV interview extracts.

Below you will find answers to the most Frequently Asked Questions.   If you can not find answer to a particular question then please drop me a line and i will get back to you as soon as i can.

Q. Do Banks compete with Brokers?

Do Banks compete with Brokers? Short answer is no, because brokers bring customers to Banks. While they pay commission to brokers, they get better clients, and pay commission after settlement. Their own mortgage managers get salary if they are successful or not. They are  part of  overheads, were brokers are only paid by results. Most important – client get same mortgage and fees if it is obtained through the branch or the broker.

Q.Will Bank Managers Be A Thing Of The Past?

Will Bank Managers be A thing of the past?

In mortgage industry bank manager is limited to banks products.

Qualification for clients also vary from Bank to Bank. Bank manager can not always provide  mortgage to client that my qualify somewhere else.

Finance broker can look across many lenders, and provide most suitable loan.

When it comes to investments, cutting edge broker makes your home safe, where banks are holding all titles, so client is at risk.

Q. Complaint against MMM Finance:

Initial Internal Complaint can be lodged at:

Email:   david@mmmfinance.com.au

Phone:  0414884148

Post:     MMM Finance

PO Box 2273
Gladstone Park
Vic 3043

External complaint:

Australian Credit Licence holder
Finsure Finance and Insurance Pty Ltd (ACN 068 153 926)
Address Level 24, 52 Martin Place, Sydney NSW 2000
Phone and e-mail
1300 346 787 admin@finsure.com.au
Australian Credit Licence number
384704
Other External Dispute Resolution Scheme details
Credit & Investments Ombudsman

phone 1800 138 422   www.cio.org.au

Menu