PCL group this week welcomed Justin Bailey on board as its new associate director of Illawarra Home Loans. The group has operated many years in the Illawarra with director Martin Anstee at the helm. Mr Anstee said Mr Bailey has worked in the local market for a number of years and his arrival will further…
Read more
When you take out a home loan, you normally choose between a fixed interest rate or variable interest rate. With a fixed interest rate home loan your interest rate is locked in for a certain period. For example it could be over 5 years. This means that your loan repayments will remain the same over…
Read more
We often hear about young home buyers having difficulty getting finance to buy their first home and get into the housing market. But what about older people who are trying to get a home loan? Approximately 15% of people in Australia are aged 65 and older, according to the Bureau of Statistics. Older Australians might…
Read more
This is Elsa, a real life borrower who achieved her goal with an alternative home loan solution. Elsa had worked really hard to get her personal training business up and running. Things were going well and she was feeling ready to buy her own place. But because she’d only been in business 6 months, her…
Read more
In Australia we have a competitive finance industry and have a rich variety of finance deals available from many different lenders. Are you confident that you have found the best loan deal on the market? You could well be paying more than you need to for your business or home loan. Many Australian homes and…
Read more
With the second round of the ROYAL COMMISSION INTO FINANCIAL SERVICES public hearings due to commence on 16th April, it is important to be mindful of the issues already raised. Much of the media reporting so far has been on the role of the mortgage broker. In the eyes of the public (and some of…
Read more
One Sydney-based Business Development Manager and former mortgage broker Hank Hong, says that one in three clients are unable to obtain a loan as a result of credit tightening policies implemented by lenders. “It’s [credit tightening] affected servicing and how much you can actually lend based on incomes,” Mr Hong said. “Certain offers that they…
Read more
New independent research has revealed most people who have sourced mortgages through brokers are satisfied with almost every aspect of the transaction. The Finance Brokers Association of Australia (FBAA) commissioned the research project through finance industry researchers MyNextAdvice to gauge the level of satisfaction with clients who had settled on mortgages obtained through FBAA members.…
Read more
A Deloitte Access Economics report released 24 July, 2018 has found that mortgage brokers drive more competitive mortgage pricing, provide valuable services and greater choice for consumers. The average mortgage broker has access to 34 different home loan lenders, and of these they use an average of 10 lenders to settle loans based on their…
Read more
New independent research has revealed most people who have sourced mortgages through brokers are satisfied with almost every aspect of the transaction. The Finance Brokers Association of Australia (FBAA) commissioned the research project through finance industry researchers MyNextAdvice to gauge the level of satisfaction with clients who had settled on mortgages obtained through FBAA members.…
Read more
Recent Comments