Wealthfin in Cremorne, Victoria, Australia | Mortgage brokers

Wealthfin

Locality: Cremorne, Victoria, Australia

Phone: +61 422 386 236

Address: level 2/480 Church St 3121 Cremorne, VIC, Australia

Website: http://www.wealthfin.com.au

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20.01.2022 To our loyal clients We would like to take the opportunity to address all of our clients in the face of the recent Royal Commissions proposed legislation changes. As you are no doubt aware, these proposed changes will affect our industry greatly and therefore, you as the consumer!... Here is how it will affect you: * Each time you apply for a loan you will be charged a fee (likely between $2k and $5k) whether you use a bank or a broker * Banks are unlikely to pass on the discount of not paying for mortgage brokers (we are talking immense increases in profits for the big banks) * The Netherlands introduced the same process in 2007. In the 10 years after that, the amount of banks lending money reduced from 99 to 44. * If we have a reduction in lenders this will lead to less competition and hence more control to the big banks and higher rates for the consumer. Our company and staff have always taken pride in our professional duties and the services that we provide to our clients. We trust that you have experienced this first hand and would appreciate your support for our industry by signing this petition by clicking on the link. https://www.change.org/p/federal-treasurer-josh-frydenberg-

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