Most CommonlyAsked Questions 2022

ALot has changed, but a lot has stayed the same.

“Search and you will find”, while most know that there is a “keyword” search function, some new to the community (or new to FB) still don't realise that such a thing exist.As a result we see the same questions being asked.

Granted the “search is not perfect”, it is still interesting that the same questions keep on popping up year after year.

It is only when we are brave enough to ask questions that we are able to learn.

Unfortunately in today’s digital era, nasty replies are common place leading to people being afraid to ask questionswhich is sad.That said, the best thing to happen to the group this year is the ability for you to post as “anonymous”. Did you know that you are 40% less likely to get a negative reply?The following are the most commonly asked questions in F&C in 2022.

Who can do 85 - 90% No LMI?

Add to that they are either teachers or medicos or allied health.

Which lender offers a rebate?

Fun fact: one MM is offering as high as $10k on a $2m loan (as we go to publish).

Which lender allows casual income less than 3 months?

Or new role, less than 3 months. Or OTin new role.

Which lender will honour the rate? In a increasing rate market, brokers are rightly concerned about not only the rate but the loan size at pre-approved stage.

Looking at changing aggregators.

Usually done as an Annon post.

Lender channel conflict by their direct team to customers or via incentives to referrers where up to 0.4% is offered for leads.

Or getting deals done that didnt pass servicing with brokers.

Who does fully assessed Pre-Approvals?

Who will do Expat / Non Resident Lending Or Income from Overseas?

Which lender doesnt credit score?

Or a variation of clients having a bad score but still wanting a Prime rate.

FHLDS - who has spaces left?

Which lender has increase their rates following the RBA announcement?

Business loans in servicing. Who will discount them? Or business add backs.