MortgageBot.com.au aims to increase competition in the Mortgage Market.

MortgageBot.com.au aims to increase competition in the Mortgage Market.
MortgageCorp Australia announces the launch of MortgageBot.com.au Australia’s first true online mortgage broker and home loan comparison engine.

FOR IMMEDIATE RELEASE
MortgageBot Home Loan Comparision

PRLog (Press Release) - Nov 30, 2009 - 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

# # #

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

--- end

Contact Email        :  
***@mortgagecorp.com.au Email Verified
Issued By        :    MortgageCorp Australia Pty Ltd
Phone        :    +612 8014 4288
Fax        :    02 8569 0505
Zip        :    2060
City/Town        :    Sydney
State/Province        :    NSW
Country        :    Australia
Industry        :    Banking, Finance, Mortgage
Tags        :    Mortgage, home loans, bank competition, rba
Last Updated        :    Nov 30, 2009
Shortcut        :    http://prlog.org/10433380
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse
Upcoming Press Releases...

    * Despite Slow Economy, Marketing Giant Inspires Entrepreneurs
    * Boston Private Equity Donates $250,000 to the American Red Cross to Support
    * Stevi B's Pizza Buffet Supports Local Schools and Community
    * Noroviruses Exposed in New Online Video
    * SCV Latino Chamber Gala Night Sponsored by Wells Fargo Bank