5 Star Mortgage Broking



Coldwell Banker Pro Property has recently strengthened its mortgage broking division and now has four full time brokers operating from their central city office but all have mobile offices allowing them to visit and service clients across the whole metropolitan area and many times across the state.

The mortgage star ratings are a benchmark indicator, comparing mortgages according to their interest rates, fees, features and flexibility.

It'ss really about value for money, says Brett Wilkins reporting on the Cannex report. It takes into account interest rates, but they look at all the features available. There are more than 200 features that are considered, from redraw facilities to transactional capabilities to account-keeping fees.

Using this methodology, they come up with two types of mortgages in the five-star category - those with low rates and low features, and those with reasonable rates [that are fully-featured.

To get an accurate picture of the real interest rate, Cannex tells consumers to look at the average annual percentage rate (AAPR), which takes into account all the loan costs including interest rates and fees for a $250,000 loan over 25 years. To ensure institutions are not falsely moving their rate, the AAPR is calculated over the past two years.

Because there are so many different types of mortgages out there Coldwell Banker Pro Property finance brokers received continual training which was a strong focus through the entire office across all services.





5 Star Mortgage Broking