Australia's five largest lenders have raised home-loan rates by an average 105 basis points, or 1.05 percentage point, in 2008. The increases have added A$250 ($229) to monthly payments on an average A$250000 home loan, according to the ... In most cases, banks usually close mortgage loans more quickly than a mortgage broker does. This is probably because a mortgage broker deals with two types of persons - the lender and the client. Resolving mortgage issues between these two is a time-consuming job.
