Brokers are being warned that the rate war could be coming to an end.
Variable rates have now fallen to 4.48 per cent, and brokers may be running out of time to capitalise on the continued run of rate cuts.
Efficiency in the mortgage industry is set to improve with the launching of a new database that will aim to transform its methods of collecting and disseminating lender and product data.
Mortgage brokers are being urged to sell themselves on more than just cheaper rates.
Brokers account for nearly two thirds of the growth in the home loan market over the last year but their share of the entire mortgage market dropped in the December quarter.
The majority of mortgage broking websites may become outdated after Google announced it is going to change the way it ranks sites.
Mortgage holders could be costing themselves thousands by failing to capitalise on ongoing low interest rates and subsequent intense lender competition.
It seems customers are increasingly happy with mortgage and finance brokers.
The latest figures from the Credit and Investment Ombudsman (CIO) show consumer complaints against mortgage and finance brokers have fallen over the 2015 financial year.
The Australian Securities and Investment Commission is planning to review mortgage brokers on interest-only lending processes.
Consumers seem happy to haggle in foreign countries for knick-knacks and knock-offs, but real deals can be found right here on Australian soil. If you’re paying the sticker-price, you’re paying too much. Absolutely everything is up for negotiation – all you have to do is ask.
With the right financial and investment advice, you can make decisions now that will help pave the way for a financially free retirement. That is, provided that you don’t let fear hold you back…
