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Originally Posted by urabus
Guys, I used to work for a bank doing housing loans and the thing that you have to keep in mind is that the banks pay different commissions. Now if bankwest were paying a bigger trailing commission than CBA and the two lending products were similar who do you think they will suggest that you go with?
IMHO you should do your homework and find the loan you want and then go directly to that bank.
Having said that at the moment a lot of the mortgage brokers will be willing to work a bit harder to keep you as a repeat customer and not just get the initial deal.
Brendon
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----relevant to people not building---
Obviously people should research loans and loan processes before going to anyone, MB or bank. Once you have a basic understanding, then use the MB to source information on lots of different banks/loans quickly for comparisons. Don't trust everything a MB/bank tell you. Having said that and having bought houses via both methods, I won't be dealing direct with banks again. You have to chase the banks for information and straight answers....at least the MB we use knows about customer service.