Most home loan consumers mistakenly believe they will secure a better deal from a bank despite the growth in the number of loans written by mortgage brokers, according to a survey by leading mortgage broker Priority Lending. A Priority Lending poll which asked its brokers ‘What’s the biggest misconception about mortgage brokers?’ found 47 per…
Consumers are concerned about the financial impact of the carbon tax with most Australians believing it will result in cost increases, a national survey has found. The poll by leading mortgage broker Priority Lending which asked ‘Are you concerned about the financial impact of the carbon tax?’ found 59 per cent of respondents were “convinced”…
The home finance market has grown almost five per cent over the past year with mining statesWestern Australia and Queensland leading the recovery, according to leading mortgage broker Priority Lending. Priority Lending corporate spokesperson Paul Smith said the latest Australian Bureau of Statistics (ABS) figures for May, 2012, show a 1.2 per cent fall in…
Enquiries for fixed interest rate mortgages have flat-lined since the Reserve Bank of Australia (RBA) lowered official interest rates to 3.5 per cent, says leading mortgage broker Loan market Priority Lending Corporate Spokesman Paul Smith said customer enquiries for fixed rate mortgages had fallen to around 15 per cent of total home loan enquiries since…
The Reserve Bank of Australia (RBA) could remain in hibernation through winter while it continues to assess the impact of its previous interest rate cuts, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said it was no surprise today to see the RBA maintain the cash rate at 3.5 per cent…
The Reserve Bank of Australia (RBA) is unlikely to deliver a hat-trick of interest rate cuts when its board meets next week, 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 79 per cent believe the RBA will keep the cash…
Generation Y consumers considering a property purchase look likely to stay on the sidelines unless there’s more interest rate relief from the Reserve Bank of Australia (RBA), a national survey has found. The Priority Lending poll which asked ‘How are the interest rate cuts affecting you?’ found 50 per cent of Gen Y respondents said…
Consumers are still seeking more interest rate relief despite the back-to-back cuts in the official rate by the Reserve Bank of Australia (RBA), according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said home loan enquiries had only risen moderately since the RBA lowered its cash rate on May 1 by a half…
Deposit – As a general rule, an owner occupier will require a minimum 5% of the property purchase price as a deposit. The bigger the deposit you can put together, the better as it reduces your home loan size and can eliminate the need to pay Lenders Mortgage Insurance (LMI). First Home Save Accounts – A first…
Home loan customers looking to switch lenders should never accept being charged substantial early exit fees, says leading mortgage broker Priority Lending. Priority Lending Leura broker, Catherine Salat, said any lender trying to charge an early exit fee should be challenged as federal government changes introduced on July 1, 2011, decreed that customers shouldn’t be…