Mortgage Broker Versus Bank Mortgage Broker versus Bank When seeking a home loan, borrowers have traditionally headed to the bank. In the good old days, you would pop in on the big building on the corner that had been your bank since you were a little nipper and chat with the bank manager who [...]
Bank fees, the silent killer Bank fees, the silent killer. Australia's banks have become incredibly profitable and powerful in recent years, generating billion-dollar profits year after year. This has seen them become some of the most profitable and powerful financial institutions in the world. Banks, by and large, make money by securing deposits, on which [...]
APRA announces, it will remove the 10% investor cap restriction This week, APRA announced that it would be removing its 10 per cent benchmark on investor loan growth for banks as long as they can “provide assurance on the strength of their lending standards”. For those of you unaware of the 10 per cent benchmark means. [...]
What is your current your home loan interest rate? What is your current your home loan interest rate? Many Australians won’t be able to answer this simple question, some don’t even know if their loan repayment are P&I or Interest Only, and whether their interest rate is competitive or not. Therefore, many Australians are paying [...]
Mortgage stress, what is it? While the term itself has no concrete definition, it is widely accepted that mortgage stress occurs when 30% or more of your pre-tax income is going towards your monthly mortgage repayments. This is based on affordability guidelines from the ’80s and ’90s, and has proven to be a reliable way of [...]
Negative gearing, positive gearing, what does it all mean Negative gearing is a term that’s mentioned quite frequently in the investment pages of financial publications and at most barbecues around Australia. It is the cornerstone of the middle-class Mum and Dad property investors and in certain circles of late it has become a shameful tax [...]
How a Mortgage Broker is remunerated? This is a really good question we are asked all the time, even from friends and family. It’s a very important question and one that needs to answered very early in the conversation. When a mortgage broker submits an application to a lender and the application settles, the lender [...]
Why use a Mortgage Broker?I think Mortgage Brokers are needed more today than ever before, why?I have been working in this field for over 10 years now, and every year that goes by it just gets a little bit harder to obtain finance for Clients.This industry is a liquid industry, credit policy is always changing. And [...]
7 key attributes to look for when choosing your Mortgage Broker Quite simply, a good mortgage broker can make your life easier and save you valuable time and money. Here’s how to find one. When it comes to one of the biggest financial decisions you’ll ever make, it pays to have professional help. But, how do [...]
0.0% Car Finance, is it Too Good to be True (Smoke & Mirrors) 0.0%, 1.0%, 1.5% or even 2.0% car finance is a one of the latest marketing strategies car dealers/manufacturers are currently offering in order to obtain your business. Is it too good to be true? Usually when something is too good to be true, [...]
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