The Australian home loan market is a rapidly changing beast. New and innovative products hit the market daily, which we are constantly notified of by news and media outlets, yet surprisingly many Australian’s continue to avoid refinancing their home loans – which is often offering significant savings. Historically, dealing with banks has been a tedious […]
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We Go Beyond! Spring is here marking the start of one of the busiest times in the property market. In the June quarter property prices continued to decline and according to the latest research from the Real Estate Institute of Australia, it will most likely be the bottom of the cycle. These two factors combined with […]
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Interesting times are ahead for the Australian economy as the Reserve bank decides to cut interest rates again by 0.25%. This brings official interest rates down to a record low of 0.75%. The big four banks failed to pass on the full interest rate saving with the majority only passing on 0.13%-0.15% to owner occupied […]
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We Go Beyond! Welcome to our first Newsletter. Keeping in touch is important to us as long after the ink is dry on your loan documents, we’re still your personal banker and here to help. While we’ve both been lucky to take a short holiday recently, the end of financial year continues to keep us busy […]
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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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