mortgage brokers

When Is It Best to Apply for a Mortgage without Your Spouse?

Applying for a mortgage is a tough decision to make, especially when you have a spouse and/or kids. There are cases when in fact it’s best to apply for a mortgage on your own. We’ll tell you all there is to know about mortgages and what helps you get your application approved, or what could […]

By |May 8th, 2017|Categories: Mortgage|Tags: , , , , , , , , , , |Comments Off on When Is It Best to Apply for a Mortgage without Your Spouse?

Banks Funding Costs Hurt Borrowers

There are claims that Australia’s banks funding costs are imposing obstacles on borrowers that prevent them from getting a loan.  A non-bank financial group has suggested that money sourced from global credit markets is now priced
considerably higher than it was a few years ago, which means that banks can be very selective as to who they lend to.
If this is the case then essentially banks are cherry-picking potential customers with the best capacity to repay their debt, and are imposing obstacles to prevent those with a bad credit history from securing a loan.
Being rejected for a loan could adversely affect a borrower’s credit rating, and in turn this could also affect them the next time they go to a financial institution to borrow money.
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By |May 20th, 2011|Categories: Debt Management|Tags: , , , |Comments Off on Banks Funding Costs Hurt Borrowers

Brokers Beat Banks on Customer Satisfaction

Recent research has found that borrowers who use mortgage brokers to source their loan are more satisfied with the service provided and their end loan product than those who source their home loan through the banks.

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By |May 19th, 2011|Categories: Home Loans|Tags: , , , |Comments Off on Brokers Beat Banks on Customer Satisfaction

Good News for Potential Property Renovators

The government is in the process of amending the Environmental Planning and Assessment Act, which encompasses restrictions for potential property renovators
Mortgage brokers are expecting a flood of renovation loans in coming months as changes to the act were proposed on April 8th. The amendments are anticipated to change the rate of approval for property renovations, […]

By |May 12th, 2011|Categories: Renovation Loans|Tags: , |Comments Off on Good News for Potential Property Renovators