RBA Cash Rate: 4.35% · 1AUD = 0.67 USD · Inflation: 4.1%

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Example Interest Rates: Home Loan Variable: 5.38% (6.14%*) • Home Loan Fixed: 5.44% (6.26%*) • Fixed: 5.44% (6.26%*) • Variable: 5.38% (6.14%*) • Investment IO: 5.69% (6.52%*) • Investment PI: 5.49% (5.98%*)

Video Archive

1.5 – Mark Harris, a Mortgage Broker Testifies at the Banking Royal Commission

Views 160 Likes 0 Dislikes 0 Published December 27, 2020, 5:44 pm

Mark Harris, a mortgage broker and director of The Home Loan Broker in Brisbane, testifies about Commonwealth Bank of Australia (CBA) withdrawing his accreditation because he wasn't writing enough loans for them, and his concerns on how this practice could effectively force mortgage brokers to write CBA loans for clients even if they aren't the most suitable product for that customer. Recorded on 14 March 2018 at the Owen Dixon Commonwealth Law Courts Building in Melbourne.

Belief has archived all data made available by the Banking Royal Commission with information available on our blog, in Yabber, or via the BRC API.

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Martin is the Managing Director of BeliefMedia Pty Limited, and Australia's leading Finance Marketing Specialist. He is supported by a team of Australia's finest. Read more about Marty here.

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The comparison rate is calculated on a secured loan of $150,000 with a term of 25 years with monthly principal and interest payments. WARNING: This comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Important Information: Applications are subject to credit approval. Full terms and conditions will be included in our loan offer. Fees and charges are payable. Interest rates are subject to change. Offer does not apply to internal refinances and is not transferable between loans. As this advice has been prepared without considering your objectives, financial situation or needs, you should consider its appropriateness to your circumstances before acting on the advice. [ Example Credit Guide Link ]

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Video Archive

1.5 – Mark Harris, a Mortgage Broker Testifies at the Banking Royal Commission

Like this article?

Martin Khoury

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