Topic: Finance and loans

What happens if you cannot understand why you still owe money on a loan account when you believed the loan should have been repaid years earlier

After refinancing his home loan, Youness received a $2,500 invoice from his old mortgage adviser, and he was told that he had incurred a clawback fee by repaying his original loan within 2 years. Was this fair?

Lincoln’s home loan was due to expire, and he needed to find a new lender/mortgagee to refinance the balance. For almost a year, Lincoln kept promising his lender the refinance was about to happen. Eventually, Lincoln’s lender commenced the mortgagee sale process because the balance remained unpaid.

Did the mistakes in a Property Law Act notice change the course of history? If the notice had been correct, could Lee and Brian have kept their house?

Lending to a family trust is not covered by the responsible lending obligations of the Credit Contracts and Consumer Finance Act.

Farid’s broker presented him with a loan offer, and Farid didn’t draw down the loan. Farid disputed paying the broker’s $3,000 fee.

What happens when the loan agreement does not reflect what you told your financial adviser you wanted?

An unregistered financial adviser promises to rescue a couple from a mortgagee sale only to make a bad financial situation worse.