In the last two months we have seen the Reserve Bank of Australia (RBA) reduce official interest rates by 0.50%. While the June move by the RBA was widely expected, July came as a bit of a surprise. The last time we saw two consecutive rate reductions was back in 2012 and it was the […]
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It's been few weeks since the Banking Royal Commission dropped a few bomb shells that are set to have some serious impacts on mortgage brokers and other parts of the finance industry. Just to be clear, I'm not writing this because I want to debate the pros and cons but more so to clear a […]
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What is lenders mortgage insurance? Lenders’ Mortgage Insurance (LMI) is insurance that a lender takes out to protect itself against the risk of not recovering the full loan balance, if the borrower is unable to meet your home loans repayments and you default on the loan. In the unfortunate situation that this occurs and the […]
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After reading an article about home loan application declines reaching an all time high I expect that more people than ever will be utilising the resources of a mortgage broker. But how do you find a good one? In my experience there should be some key things you need to look for. Experience and Qualifications […]
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As a mortgage broker I love being able to give people a few hints and tips as how to pay off your home loan quicker. Its not all about extra payments, its often just about maximising structure. Here are some sure-fire tips to ensure you shave years off your home loan 1) Store Savings in […]
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In my opinion banks spend a lot of money in complicating the $1.4 trillion home loan market. The millions of dollars spent on marketing and branding does a lot to capture an audience but in my experience it creates a lot more confusion for the end customer. When I have conversations with clients, I try […]
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The royal commission into Banking and Financial Services has been going for a while now and everyone in the financial services industry seem to be dealing with some of the side effects. The hundreds of negative reports coming out of the inquiry has largely resulted in a blame game, as industry participants point fingers and […]
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Buying season is upon us and while buying a property is super exciting it can also be very stressful. As mortgage brokers we often see both sides of this and are always here to help our clients along the way To help prospective buyers on their journey I spoke to Dara Galavan, Licensee from Residential […]
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Having the luxury of being self employed, qualified accountants and finance brokers means we have learnt a thing or two about obtaining finance for the self employed. Im not going to lie, the process can sometimes be more difficult but it doesn't have to be if you plan in advance. Here's 10 things you should […]
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