Why should I use a broker?
- 26
- Jun
- 2022
A fresh approach to Finance for Healthcare Professionals A wise man once said, “Time once spent can not be bought back!” Steve Daley, managing director of Healthcare Financial Strategies, demonstrates how an innovative approach is proving popular with busy Doctors. Independent research has shown that customer satisfaction with the major Banks has plummeted; especially since […]
Continue Reading...Key questions to ask your Mortgage Broker
- 13
- Sep
- 2020
What to ask your Broker. Navigating the home buying process can be mind boggling, which is where your mortgage broker’s help comes into play. Your mortgage broker should be able to field your questions and to help put your mind at ease. Here’s a small list of just a few questions you should ask your […]
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The journey to purchase new equipment can be very daunting for many busy Doctors. It can be a huge challenge to care for and treat patients, manage staff and run a practice, be IN a family all whilst trying to decide which equipment to buy. Understandably many doctors are distracted by the Time spend and […]
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The mortgage broker channel has recorded its highest ever residential home loan market share result with brokers settling 59.7 per cent of all residential home loans during the January – March 2019 quarter, according to the latest data released by research group comparator, a CoreLogic business, and commissioned by the MFAA. The March 2019 result is 4.4 […]
Continue Reading...NAB Rolls out Comprehensive Credit Reporting
- 20
- Feb
- 2018
NAB has become the first major bank to begin utilising comprehensive credit reporting (CCR), rolling out the new system for personal loans, credit cards and overdrafts. The draft legislation for mandatory comprehensive credit reporting — which aims to address the “information asymmetry” that currently gives consumers more access to their credit risk than the credit […]
Continue Reading...ANZ and Westpac Group are said to have introduced confidential changes to their assessment and approval of borrowers. The Australian Financial Review reported yesterday (15 February) that ANZ was clipping the discretion of its frontline mortgage assessors. A spokesman for ANZ said the bank recently added “a higher level of approval for some discretion” used […]
Continue Reading...82% of Aussies unaware of their mortgage rate
- 20
- Feb
- 2018
An overwhelming majority of borrowers do not know their home loan rate, with 86 per cent of Australians also unaware of their monthly expenses, a new study has revealed. The Know Your Number Index, commissioned by digital bank UBank, examined Australians’ knowledge of their household and entertainment expenses. The study was conducted on an online […]
Continue Reading...Honeymoon Home Loan Rates – a warning.
- 20
- Feb
- 2018
Comparison site Mozo has warned borrowers against taking out seemingly generous honeymoon rate deals that can end up costing them tens of thousands of dollars in extra interest. Some lenders are marketing honeymoon loans as a solution for first home buyers who are looking to enter an increasingly unaffordable property market. But these loans might […]
Continue Reading...Banks tighten credit assessment policies
- 20
- Feb
- 2018
NAB has made a change to its home lending policy amid concerns over the rising household debt to income ratio and as APRA zeroes in on loan serviceability. From Friday, 16 February, the loan to income ratio used in its home lending credit assessment has been changed from 8 to 7. “Regulatory bodies have raised […]
Continue Reading...BMW Finance penalized $77.M for loan breaches
- 19
- Dec
- 2016
ASIC action sees BMW Finance pay $77 million in Australia’s largest consumer credit remediation program ASIC has accepted an Enforceable Undertaking (EU) from car financier, BMW Australia Finance Limited (BMW Finance), which will see BMW Finance implement Australia’s largest consumer credit remediation program to compensate customers for its responsible lending failures. BMW Finance provides motor […]
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