One of the most frequently asked questions by home buyers is how much can I borrow? With the many mortgage calculator tools available to home buyers getting an indication of your borrowing power or how much you can borrow has never been so simple. Using free home loan calculator tools will help you assess your borrowing power and…
First time buyers and mortgage holders refinancing have been the dominant sectors in the home finance market since the beginning of the year, a national survey has found. The poll of its own brokers by leading mortgage broker Priority Lending which asked ‘Which consumer group have you received the most enquiries from so far in…
Home owners have been putting plans to renovate their properties on the backburner as they focus on saving or reducing debt, according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said Australian Bureau of Statistics (ABS) data show while there was a rise in home loan customers refinancing in 2011, the value of…
First home buyers are still a force in New South Wales despite predictions of a drop off in activity following the loss of major stamp duty concessions, according to leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the end of the first home buyer stamp duty concessions in NSW for properties…
Banks have increased their dominance of the home finance market during 2011 as most other lenders saw their share of the business fall significantly, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesperson Paul Smith said the latest official home loan approval figures for December, 2011, from the Australian Bureau of Statistics (ABS) showed…
Generation Y are more anxious than the rest of the population over the direction of the global economy and the European debt crisis, a national survey by leading mortgage broker Priority Lending has found. The Priority Lending poll which asked “What most influences your level of confidence around making financial decisions in 2012?’ found 74…
mith said most consumers had been expecting the RBA to reduce the cash rate again after 25 basis point cuts in both November and December last year. “The RBA has decided to leave rates on hold at 4.25 per cent which is a blow to borrowers hoping for some further relief,” Mr Smith said. Mr…
Global economic uncertainty is weighing on the minds of property investors far more than interest rate movements and real estate prices, according to a national survey by leading mortgage broker Priority Lending. A survey of the company’s mortgage brokers which asked ‘What do you think is the main factor influencing property investors in 2012?” found…
Priority Lending Executive Chairman Sam White will join other corporate leaders and 30 of Australia’s top celebrity chefs to provide a meal for a thousand people in need in the CEO Cookoff. The event at St Mary’sCathedral SquareinSydneyon Monday, February 6, creates awareness about food security and homelessness while also raising much needed funds for…
The Reserve Bank of Australia (RBA) will need to reduce the official interest rate by at least another half a percentage point next month to pressure major banks into passing on reductions to customers, says leading mortgage broker Priority Lending. Priority Lending Corporate Spokesman Paul Smith said the big banks had all indicated they might…