Property investors are expected to get a spring in their step as the home finance market moves out of winter, according to a national survey by leading mortgage broker Priority Lending. A survey of the company’s mortgage brokers which asked ‘Do you anticipate an increase in inquiries from property investors during spring?’ found 86 per cent…
Most home loan customers expect the Reserve Bank of Australia (RBA) to lower official interest rates again before the end of the year, a national survey has found. The Priority Lending poll which asked “Do you think the RBA will lower interest rates again in 2012?’ found 64 per cent of respondents believed there would…
Savings remains the main barrier for people entering the property market, although first time buyer savings levels have improved during 2012, according to a survey by leading mortgage broker Priority Lending Priority Lending Corporate Spokesman Paul Smith said a survey of the company’s mortgage brokers found 65 per cent said insufficient savings was the number…
The end of generous first home buyer schemes in four states and territories has made an immediate impact on those looking to enter the residential real estate market, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the company’s nationwide data for July, 2012, showed a six per cent fall in…
The Reserve Bank of Australia (RBA) staying on the interest rate sidelines shouldn’t deter consumers from trying to secure a better deal from their lender, according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said it was no surprise today to see the RBA maintain its relaxed approach and keep the…
Potential first home buyers keen to enter the real estate market but unsure of how to overcome common home loan issues such as building a deposit have options, says leading mortgage broker Priority Lending. Priority Lending Melbourne westside senior finance broker Hannah Nguyen said many first home buyers are unaware of their financial requirements when…
Consumers are seeking more interest rate action from the Reserve Bank of Australia (RBA) despite the central bank twice lowering its cash rate this year, a national survey has found. A poll by leading mortgage broker Priority Lending which asked ‘What factor would best help housing affordability?’ found 51 per cent of respondents wanted lower…
Leading mortgage broker Priority Lending has warned of the pitfalls of falling foul of a lender’s credit scoring system when applying for a home loan. Priority Lending Melbourne westside senior financed broker Hannah Nguyen said one of the main reasons consumers have a mortgage application declined is due to the number of enquiries on their…
Leading mortgage broker Priority Lending’s powerful online platform has received national industry recognition at the second annual Australian Broking Awards. Priority Lending was a winner in a group category at the gala function in Sydney for ‘Best Web Presence’ and was a finalist for ‘Major Brokerage of the Year (non-franchise)’. Priority Lending Executive Chairman Sam White said…
Asset rich but cash poor senior Australians are increasingly taking up reverse mortgages to help fund retirement activities, according to leading mortgage broker Priority Lending. Priority Lending Sydney-based principal finance broker and reverse mortgage consultant Bob Staley said more than 40,000 Australians currently hold reverse mortgages, which are also known as Seniors Finance Equity Release loans. Mr…