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Seniors market huge for brokers

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Australian Broker | 19 May 2016, 07:00 AM Agree 0
By the year 2030, one in five Australians will be over the age of 65, presenting a huge opportunity for mortgage brokers
  • I'll pass | 19 May 2016, 09:17 AM Agree 0
    I'll pass. Small loans. Potential of children who are missing part of their perceived inheritance and the look for someone to blame, etc.

    Not worth the potential downside to write them... Just my opinion.
  • Broker | 19 May 2016, 09:40 AM Agree 0
    I'll pass too thanks, not worth the workload and headaches!
  • Scott Beattie | 20 May 2016, 09:03 AM Agree 0
    I agree, a lot of cost to offer these loans, but we work with a RM specialist broker - we probably give him 1-2 leads per year and if he takes an application through to settlement, he pays a small spotters fee. You don't have to be everything to everyone, but it doesn't hurt to have a network of trusted advisers who can assist with your clients needs.
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