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Mortgage broking articles & tips

Feeling a bit overwhelmed in trying to find the right loan for your property? There are many different things to think about when getting a home loan, and some you might not have even considered. Check out our videos and articles to learn what to look out for when finding a mortgage broker to make this process as easy and streamlined as possible.

Lending Laws Now Consistent Across the Board

The start of the 2011-12 financial year saw the new National Consumer Credit Protection (NCCP) laws take effect for banks and other lending institutions along with brokers.  The laws for brokers came into effect 1st January 2011.  This now provides consumers with greater protection from unscrupulous lending practices that may have occurred in the...

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RBA Rates Decision – August 2011

For the first time in a while the RBA decision on interest rates was something worth watching.  Only two weeks before the inflation data was released last week, there was Bill Evans – Westpac’s chief Economist - on Sunday night TV talking about rates coming down.  Then stepping up to the plate is the Inflation Genie, which really put a spanne...

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How can Property Zoning affect a Property?

“Oh. What does that mean?” is the response buyers often have when we make mention of a little piece of information that can have significant negative flow-on effects for a property purchase. So what sorts of pieces of information could adversely affect a property purchase? And even if the buyer never plans to sell, how could their purchase e...

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RBA Rates Decision – July 2011

Hmmmmm, just how well is the little Aussie Economy going? As expected the RBA remained in a holding pattern on the cash rate, pushing out their well versed message of “rates remain appropriate”, well for now anyway. Their people still remain hawkish on further interest rate rises as theirs and Treasuries GDP calculations have the economy gro...

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Financing for Cash flow

Cash flow is at the heart of any household or business and in almost all cases the lack of cash flows is their downfall, because they technically become insolvent. There are several ways in which structuring your financials/debt can help from a cashflow position for households. Here are a couple of examples that will assist in building your know...

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RBA Rates Decision – June 2011

The RBA held off increasing the cash rate / interest rates once again this month, as it digests the March Quarter GDP data.  The numbers for the quarter weren’t good, driven by the natural disaster events in Queensland.  These events caused significant disruption to the mining industry, due to major infrastructure damage from these events. T...

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$13,000 saving on loan set up costs!

At Empower Wealth we believe that making sure you have the right finance structure is paramount to the success you will achieve in your wealth building journey. In this newsletter I would like to share a story of how we were able to save a client $13,000 in loan set up costs, by ensuring that they had their loans structured in a way that was cost e...

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RBA Rates Decision – May 2011

The RBA has left the official cash rate on hold again in May, making it 6 months since the last cash rate movement.  Minutes from the previous RBA board meeting certainly indicated that the board position was that rates remained adequate for the near term, as subdued consumer spending and the impacts of major disasters still filter through the eco...

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Exit Fee Passed as Legislation

The legislation to ban Exit Fees has been passed into law on 23rd March, by the Federal Government. These new laws will see Exit Fees, including Deferred Establishment Fees banned from 1 July.  The new regulations are: Regulation 79A The new Regulation 79A provides that a credit fee or charge is prohibited if:  it is provided for in a c...

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RBA Rates Decision – April 2011

For the x month in a row the cash rate has remained on hold as the RBA looks for further indications that the economy is continuing to grow following the recent major flood and cyclone disasters that hit our shores earlier this year. If the economy rebounds quickly and the insurance works provide inflationary pressures on materials and labour, p...

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RBA Rates Decision – March 2011

The cash rate remained on hold again this month as the RBA awaits more critical data on the performance of the economy before looking to adjust the cash rate. Most economists expect further rate rises in 2011, with many tipping an increase in the cash rate of around 0.5% over the course of the year. Events in the Middle East region could play a ...

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It’s Mortgage ‘Sale Season’

Over the last month, we are seeing signs from the lending sector that they believe their costs of funds are going to improve in the coming years. (Margin = the difference between what costs lenders source money for and what they on-sell it for – i.e. Profit margin) Cheaper costs of funds means one of two things: 1 – Increased mortgage len...

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