Ep73: Evan Davis - The Difference Between a Bank and a Mortgage Broker

2021-05-13

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Gone are the days where we would build a relationship with our local bank manager - the person who would know how we save and spend, the person who knew all about our investments, and probably the person who looked after our parent's or brother's or sister's finances. With so many changes in the financial sector over the last 20 years, those looking for a mortgage have lost the confidence in getting the best deal with a bank and are turning to mortgage brokers. Today we will find our why? Evan Davis, Founder and CEO of Money Cat Finance has over 15 years of experience in...

Evan Davis, Founder and CEO of Money Cat Finance has over 15 years of experience in mortgage broking and multiple successful ventures in the property development and investment space. Evan specialises in self-employed lending and has a passion for helping Australians realise the great Australian dream of home ownership.

1. How is a mortgage broker different to a bank in ways they can help you?

2. What is the percentage of home loans that go through a bank vs a mortgage broker?

3. Why are people more confident with mortgage brokers now?

4. What legislation has passed after the Royal Commission to make mortgage broking more acceptable than going through banks by Australians?

5. How do mortgage brokers get paid?

6. How has banking changed for the big 4 banks?

7. How often should we review our home loans?

a). Why is this more acceptable now? Previously, you would never change your home loan.

8. The big banks really only want to help the securely employed, how do mortgage brokers help self-employed business owners?

Contact:

Evan Davis at Money Cat can be contacted on: 0413 467 246

or email: wave@moneycat.com.au