MortgageCorp aims to increase competition – Launches Mortgagebot.com.au Home Loan Comparision Engine
Mortgagebot.com.au aims to increase competition in the Mortgage Market.
Mortgagebot Home Loan Comparision Engine
MortgageCorp Australia announces the launch of MortgageBot.com.au Australia’s first true online mortgage broker and home loan comparison engine.
Mortgagebot allows borrowers to calculate the loan payments, Stamp Duty, Lenders Mortgage Insurance and all fees for 25 lenders and 500+ Loans in real time.
“With the Big 4 banks and their sub brands holding 60%+ of the market we felt we had to build MortgageBot because there just wasn’t enough competition or transparency in the Mortgage Market” says Mike Nicholls, CEO of MortgageCorp.”
“No one is sticking up for borrowers anymore. In the last two years the Big 4 Banks have purchased or invested in Aussie, Wizard, St George, Bank West and RAMS. All the guys like John Symonds and Mark Bouris are now strangely quiet”
“We rank the loans based on one thing only, what is the best deal for the customer. There is no bias, favorites or advertising, it’s totally transparent. The rates are updated daily and borrowers can choose to go directly to the lender in question or start their application online with Mortgagebot”
“The big surprise is how many of the smaller bank, building society and non bank lenders consistently appear at the top of the Mortgagebot calculation results which tells you borrowers just aren’t getting the right information”
To try Mortgagebot visit Mortgagebot.com.au
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MortgageBot was built by MortgageCorp Australia an FBAA Accredited Finance and Mortgage Broker. For further comment or information Mike Nicholls CEO can be contacted at Twitter @MikeNicholls88, mike@mortgagecorp.com.au or (02) 8014 4288 or 0411 222 551
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