RBA governor Philip Lowe has warned Australians that interest rates are likely to increase, while home values may fall.
On the back of this announcement, 3 Big Four banks have hiked variable interest rates... Continued
More than 55% of Australians chooses to use a mortgage broker to help them secure a residential home loan. And, there’s good reason for this.
A good mortgage broker helps you secure a loan that matches your goals, your circumstances and your budget, while also helping you save more over the entire course of your loan. .. Continued
If you’re feeling overwhelmed about choosing a loan, well, you’re not alone. At any given moment, there are hundreds of loan products circulating the finance-sphere.
Some have good rates and high ongoing fees, some work for employees but not contractors, others are so niche you may not even realise they exist... Continued
It’s no secret that the Australian Government is tightening the finance sector’s belt, with the recent Royal Commission taking no prisoners (especially among the Big Banks).
As a result, lenders are under pressure to comply strictly with ASIC regulations, which means it may become harder for borrowers to take out a home loan... Continued
If you’re like most Aussies, the summer holidays are about hitting the beach and kicking back with friends and family. It’s also a time when spending increases.
Christmas presents, plus working out activities for the kids, takes its toll on the back pocket. And it’s no wonder people start to stress more about meeting mortgage repayments during this time... Continued
Most people realise that reviewing their home loan could result in savings. But exactly how much money could be saved by simply checking in to see what other loans are available on the market?
We spoke with Peter Taliangis, a Fremantle real estate agent who just recently partnered with Capita mortgage broker, Lukas Best... Continued
Credit rating bureau Experian has warned Australians that new credit card reporting requirements will allow lenders to view a greater volume of information relating to a borrower’s financial history.
In short, if you’re going for a loan, a potential lender can check out your background in more depth than ever before. And most Australians don’t even know these changes are on the horizon... Continued
Roy Morgan Research released a report this week about the risk dual income mortgagees’ face, when it comes to paying off their home loan.
The ‘State of the Nation- Spotlight on Finance Risk’ report stated that households, who rely heavily on two incomes to repay a home loan, are at potential risk of ‘mortgage-stress’... Continued
Leading Australian aggregator AFG has seen a significant increase in the volume of white-label loans written for residential borrowers in the past 12 months.
Across the board, residential home loans in Australia have nearly doubled in the past 5 years... Continued
We spotted this question on a well-known Australian finance forum recently, and thought we’d ask Capita General Manager and banker turned long term broker, Gill McLean, to answer it for us.
Of course, in the real world, borrowers have complex and unique circumstances that must be considered when determining how much they are eligible to borrow... Continued