excuses excuses, page-53

Hi Dogma

Actually 12 residential , 4 commercial and 2 overseas.

Run a finance company, an interior design company and a real estate selection company.

Yes im busy.

And you are correct about the non bank lenders.

Do you really think brokers have something to do with the credit crunch in Australia?

Firstly brokers do not approve loans
Secondly brokers can only work within the guidelines the lenders give them
Thirdly valuers have the higher power as without them the deal doesn't pass go.
lastly non bank lenders are there to allow those borrowers that dont fit under a traditional banks criteria the opportunity to get a loan for a home.

Dont blame the lenders
Dont blame the broker

Blame the customer for borrowing
Blame the media for hyping up real estate ownership

Why blame the broker?

An intermediary between bank and borrower, saving the bank costs on advertising for new loans and more often than not, the borrower gets a much cheaper rate then going into the bank themselves......and they get choice....something one bank cant offer.

When the sharemarket loses 20% in a week should we blame stock brokers for bad recommendations.

Should I swear at the servo operator because the fuels too highly priced?

Should a borrower write a letter to Harvey Norman for giving them the big TV interest free for 3 years?