Nearly two out of three Australians have never asked their lender for a better rate on their home loan according to new research, and are missing out on the potential savings as a result.
The Finance Brokers Association of Australia has come out in support of Labor’s proposal for a royal commission into the banking sector.
Major mortgage company Yellow Brick Road (YBR) has dismissed recent reports condemning mortgage brokers. On the weekend the Herald Sun published an article linking mortgage
A major mortgage company has warned home loan borrowers about ‘phantom rates’, questioning the sustainability of super-low interest rate offers from lenders in current market
Home loan borrowers are increasingly moving towards fixed rate loans, with nearly 20 per cent of loans written in December being those with a fixed interest rate.
A common piece of advice that is given to property investors by mortgage brokers, at least knowledgeable brokers, is to keep securities for each loan seperate, ie) avoid cross-collaterisation at all costs.
Heard about Mortgage Refinancing? In the past, most people who took out a Mortgage persistently continued with it until they had paid it off. These days, people refinance their Mortgage much more frequently. The average duration of a Home Loan in Australia now is just 4-5 years. Here we look at some of the reasons people in Australia refinance their Home Loan.
There are calls to increase broker regulations after another Melbourne broker recently lost their credit licence.
When you sell your property you usually pay an agent to get the best deal for you while you go on as usual in your day job. But have you ever thought about paying someone to find your dream house when you want to buy?
Australia’s banking regulator APRA has outlined it’s likely response to the threat of a property bubble in Australia.
