MOC is a franchise system, it's biggest risk is that the franchisees just walk away from the industry.
If the commissions are abolished then the MOC business model is dead.
People won't pay the sort of money that brokers are earning from commissions because they think the service is currently free & a service that is not worth paying that sort of money for.
Anyone who pays upfront to a mortgage broker will undoubtedly just add the cost to their mortgage as they won't have the cash to pay. In that case they'll end up paying interest on the broker fees for 25+ years, in effect more than doubling the cost. Will the broker then have to include their fees in the comparison rates?
They should have to & anyone with any sense will just realise the price difference & go direct to a provider.
- Forums
- ASX - By Stock
- Mortgage Choice (MOC) Time to buy ?
MOC is a franchise system, it's biggest risk is that the...
-
- There are more pages in this discussion • 171 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MOC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online