Dodgy Mortgage or good advice???
Mar 21st 2005, 11:00 am
#1
Banned
Thread Starter
Joined: Nov 2004
Location: Brisvegas
Posts: 144
Dodgy Mortgage or good advice???
Today I visited Wizard Mortgage brokers to discuss our borrowing options/Requirements and was quite taken aback by the way the meeting went.
What happened was the guy went through the usual spiel and described their services and products as I would of expected, he then took my details of income/Outgoings Credit history etc but once I told him we would have a 60% deposit on our potential home the tone changed, with a nudge and a wink he told me that the best way forward was for me to set up an ABN this way no checks need to be made regarding my income and they would throw the money I wanted at me! :scared:
Has anyone used Wizard or know anything about them? Is his advice genuine or is he a conman?
What happened was the guy went through the usual spiel and described their services and products as I would of expected, he then took my details of income/Outgoings Credit history etc but once I told him we would have a 60% deposit on our potential home the tone changed, with a nudge and a wink he told me that the best way forward was for me to set up an ABN this way no checks need to be made regarding my income and they would throw the money I wanted at me! :scared:
Has anyone used Wizard or know anything about them? Is his advice genuine or is he a conman?
Mar 21st 2005, 11:02 am
#2
High in the Dandenongs
Joined: Apr 2003
Location: Listening to Puffing Billy
Posts: 9,183
Re: Dodgy Mortgage or good advice???
We are using Wizard at the moment, our ladys great and even gave me free footy tickets for the Wizard cup!! Don't know about the abn thing though as we arn't in that position, sorry
Mar 21st 2005, 12:53 pm
#3
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
Posts: 93,814
Re: Dodgy Mortgage or good advice???
Wizard were recommended to us - we still can't get a mortgage for a couple of reasons (for another year) but lots of people have said that Wizard are a good choice when we are ready.
Mar 21st 2005, 8:38 pm
#4
Joined: Dec 2003
Location: Hillarys, Perth
Posts: 3,973
Re: Dodgy Mortgage or good advice???
Originally Posted by Fuzzy Duck
Today I visited Wizard Mortgage brokers to discuss our borrowing options/Requirements and was quite taken aback by the way the meeting went.
What happened was the guy went through the usual spiel and described their services and products as I would of expected, he then took my details of income/Outgoings Credit history etc but once I told him we would have a 60% deposit on our potential home the tone changed, with a nudge and a wink he told me that the best way forward was for me to set up an ABN this way no checks need to be made regarding my income and they would throw the money I wanted at me! :scared:
Has anyone used Wizard or know anything about them? Is his advice genuine or is he a conman?
What happened was the guy went through the usual spiel and described their services and products as I would of expected, he then took my details of income/Outgoings Credit history etc but once I told him we would have a 60% deposit on our potential home the tone changed, with a nudge and a wink he told me that the best way forward was for me to set up an ABN this way no checks need to be made regarding my income and they would throw the money I wanted at me! :scared:
Has anyone used Wizard or know anything about them? Is his advice genuine or is he a conman?
Wizard is a reputable company
Mar 22nd 2005, 12:48 am
#5
Forum Regular
Joined: Nov 2004
Location: Sydney
Posts: 108
Re: Dodgy Mortgage or good advice???
Originally Posted by Pollyana
Wizard were recommended to us - we still can't get a mortgage for a couple of reasons (for another year) but lots of people have said that Wizard are a good choice when we are ready.
Mar 22nd 2005, 11:08 pm
#6
Banned
Thread Starter
Joined: Nov 2004
Location: Brisvegas
Posts: 144
Re: Dodgy Mortgage or good advice???
Originally Posted by Siren
Its genuine. There are so many different types of loans around, and not knowing how much you earn if it it lowish then the lenders will be looking at the 60% deposit as there safety net.
Wizard is a reputable company
Wizard is a reputable company
The reason he started on about the ABN was when I told him that I had a permanent job but was only staying there to help us get a mortgage when the time comes, I told him I would quit tomorrow if I thought I could still get my borrowing requirements. This is when he told me that as we have the 65% deposit on the house price we want it would be the best route to go. It just sounded a bit dodgy to me as he give me a nudge and a wink, bit of an Arthur Daley I thought.
Has anyone here uswed an ABN to get a Mortgage? It does sound a bit unethical but then that has never stopped me before.
