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More. The Morrison Government is releasing exposure draft legislation today that will improve outcomes for consumers by introducing a best interests duty for mortgage brokers and reforming mortgage.

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on Palm Beach’s Billionaires Row, meanwhile, is said to be under contract for more than $105 million in a deal involving.

Mortgage brokers are like a matchmaking service: They match you, the borrower, with a lender. They review your personal financial information and look over an array of lenders and try to match you with one who will give you the best rate and terms. The advantage is choice because the broker will have lots of lenders to match you with; the.

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Among them are representatives for Boeing, Apple, the NFL, Facebook, General Motors and the National Association of Mortgage.

Others suggested the responsibility lay with brokers. Nevertheless. People might also need to inform their mortgage.

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 · Mortgage brokers either have access to thousands of lenders and they can find you deals, or they are tied to specific lenders and they may be able to get you an exclusive deal. Ultimately, you are probably more likely to get better rates with a mortgage broker than without.