The Mortgage Broking Industry Group* (MBIG) has launched The Value of Mortgage Broking, a report by Deloitte Access Economics. This report demonstrates the value that our industry brings to consumers, lenders and the Australian economy, by driving competition and delivering greater choice and valuable services to the Australians who need them most. The Value of Mortgage…
(Link to original article) Tighter credit and changing lending policies are creating confusion and complexity in the third-party channel as brokers receive conflicting messages from bank BDMs and credit assessors on prime mortgage deals. Fears are growing about a potential “credit crunch” that has largely been driven by the cross currents of regulatory measures, changing bank…
When you need to secure finance, it’s hard to know where to start. A mortgage broker can guide you through the home loan process and provide you with information and support to help you make the right decision when it comes to your loan. Understand how a broker can help you throughout the loan process…
As part of the approval process when applying for any type of finance, a lender will run a thorough check on your credit report to find out about your credit track record. What is a credit report A credit report is a snapshot of your credit history and includes: Your personal details How much…
If you’re thinking about buying an investment property in 2018 but you could benefit from some guidance, you’ve come to the right place. We understand that dipping your toes into the world of property investing can appear daunting, that’s why we’re here to bring confidence to your decisions. Let’s start by looking at the main…
When you take out a loan, you will (hopefully) have a plan in place for how you’ll pay it off. But life doesn’t always go according to plan—you might lose your job, or have to take extended time off due to illness. This can put a spanner in the works and affect your ability to…
Undoubtedly, home buyers want to get the best mortgage rates, yet there’s also hesitancy around refinancing. Some people think it’s going to be a complicated and drawn out process, with the work needing to be done outweighing the benefits. After all, there were enough forms to fill out and terms and conditions to study the…
If you’re experiencing mortgage stress, you’re certainly not alone. Around 17% of Australians currently have to spend 30% or more of their income to pay off their mortgage. It’s a less than desirable category to be in, so finding a better home loan rate is crucial to avoiding mortgage stress. However a recent survey of…
For both buyers and sellers, an auction can be a stressful occasion. It can move so quickly that you don’t fully register what is happening until afterwards. For potential buyers, this can mean getting swept up in the drama and bidding more than you can afford. To stay grounded on the day, there are several…
If you haven’t worked with a mortgage broker, you might be unsure how they can help you, what the process is, and perhaps even what they actually do. Mortgage brokers are experts in the lending market, spending their time researching and comparing rates so they’ll know which lender is the right match for you (including…