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Ann Wason Moore: On the Royal Commission’s decision of upfront payments for a mortgage broker – Commissioner Kenneth Hayne says the “borrower, not the lender, should pay the mortgage broker a fee for acting in connection with home lending”. In other words, the banks should not pay for us to pay.

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With some basic information and with minimal fuss you might be able to refinance into a better loan, to draw some cash-on-hand, get out of an fha loan with PMI/MIP, or pay off some debts that aren’t dying on their own. That’s why I’m a Real Estate Broker, AND I’m a Mortgage Broker. PM me, or [email protected], or 951-254-3303.

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