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Ziggybid - Online Home Loan Auctions

So you are looking for Ziggybid, I did too when I first heard about it. An online auction system for home owners. What a fantastic idea. Finally, a sensible way to find a great deal on a mortgage.

Ziggybid seems like such a great opportunity, bringing borrowers and lenders together, it’s a win-win on both sides. Let me admit right here, I was probably looking from a slightly different perspective than you, you see I am a home loan broker, my name is Jamie Wadley from HunterWide Home Loans.

The ziggybid opportunity struck me like a bolt of lightening. To be able to offer the best home loans in Australia to people like you who wanted them, so simple, so easy. Like all good ideas I thought to myself “Why hasn’t anyone thought of this ziggybid model before?”

It seemed like such
an amazing
concept.
I jumped
straight in.
I couldn’t
wait to
start
bidding against other
home loan brokers for
your business.

I was keen as mustard to get started. Why? For one simple reason, I believe I have the best home loan rates in the country. This is all because I have access to over 50 of the best lenders in Australia. Banks, Building Society’s and Non-banks Lenders like RAMS and Mortgage House, I had them all. And now through ziggybid I had a venue that put me in touch with the people who want the types of home loans I could provide.

It was too good to be true…

I knew I had a great chance, I could beat my competition hands down and win your business simply by offering you the best home loans I have. I was ready to go…

You would have the home loan you want, and I would be able to help you make it happen. It was that Win-Win thing again.

I set up my account as an authorised lender with ziggybid and immediately started to look for people I thought I could help.

I started my search looking through the first few people on ziggybid, people who were looking for home loans, then I found one, perfect. I knew I could help, the people were a young couple, first home buyers. I had a fantastic home loan all ready to offer them, a great interest rate, no fees, no ongoing charges.

This was it, I felt I had this one in the bag. This young couple would be starting out with a fantastic home loan, and to be honest, I really enjoy helping first time owners. Hearing from them when they finally move in to their own home is a real buzz for me. Why, even now I still get a kick out of helping “first timers” get their own home.

So I started the process of placing a bid. I was really quite excited.

Then everything changed, the reality of what was going on at ziggybid hit me. I found out that I couldn’t offer my best interest rate because ziggybid restricted me to only a handful of lenders. Less than a third of the Lenders I have access to (and not my most competitive lenders either).

I couldn’t even offer the lowest fees and charges, ziggybid had other ideas.

Because of the restriction on the lenders I could offer, my hands were tied. I couldn’t use the lender I wanted to, in fact they weren’t even on ziggybids list! I couldn’t believe it, this great idea was turning sour right before my eyes.

Why were ziggybid doing this? I cancelled my bid and went through the Ziggybid User Guide with a fine tooth comb, I found the answer. And it was not that much of a surprise after all. Without too much double talk and to be brutally honest with you, ziggybid wanted a slice of the action.

Now don’t get me wrong, I get paid a commission just like any other finance broker, and I am certainly not against anyone making an honest dollar, that’s why I got into business in the first place.

What makes me angry is that ziggybid wants their slice of the pie without letting me offer you the best home loans I can. Man I was mad. I look at hundreds and hundreds of the best mortgages available in Australia, that’s my business and I know what’s what. It is a shame that I just can’t offer them to you using the ziggybid Auction system.

Sure I can offer you these loans directly, that’s what I do for all my clients already. It still galls me though, it would have been excellent to be able to prove to you how good a home loan I could arrange for you, especially using an independent environment like I thought ziggybid was. Unfortunately it is not as independent as I first thought. 

So now all that’s off my chest, if you still want to go to ziggybid, I have a link you can follow below. It is your choice. Let me say one more thing before you go. If you are still not convinced, and you do want to go and try ziggybid, do this one thing for me and more importantly for yourself.

Checkout the best ziggybid has to offer, then let me have a crack at it for you. I may be able to get you a better deal, a much better deal. After all, isn’t that what you are really looking for, a great home loan, right? What do you have to loose?

I know I can provide you with the best home loans my lenders have to offer. Let’s see if we really can find you the perfect home loan.

Thanks for reading, and the best of luck with your perfect home loan.

Kind Regards




Jamie Wadley
HunterWide Home Loans

Behind the Scenes at Ziggybid

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© 2009 Hunterwide Home Loans, 281 Watkins Road, Wangi N.S.W. 2267 - 1300 365 363
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