Mortgage Broking Articles & Tips

17/02/2012
Mortgage Broking

Loan Structuring

If you are not familiar with the term then this article is for you..... What is the definition of loan structuring: In very simple terms it’s the way in which the loan product is set up to accommodate the borrower’s best interest, either in short, medium or longer terms depending on the client’s end goal, because we have to remember the goa...

20/12/2011
Mortgage Broking

Lenders doing what they do – Lending Money

With all the global economic uncertainty and the flow on effect to the cost of funds for lenders and the risk of possibly a softening Australian economy, one might be thinking the banks will be considering tightening up lending policy. Our read of home loan lending policy is a little bit more macro, driven by the banks’ need to continue to str...

17/12/2011
Mortgage Broking

RBA Rates Decision – December 2011

Although there were plenty tipping this rate cut including the money markets, the RBA’s move to cut rates by a further 25 basis points came as a surprise to me given the minutes of the November meeting suggested it was a close call that we got a rate cut on Melbourne Cup Day. The messages from the RBA following the November cut, was that its Nove...

17/12/2011
Investment Education

The Cost of Interest

What is the largest single amount of money you expect to part with in your life? For most families, a family home will probably be the largest single purchase they will make in their lives. But while the actual purchase price you pay for a house may be the biggest amount of money you spend in a single lump sum, there is likely to be another cos...

10/11/2011
Mortgage Broking

RBA Rates Decision – November 2011

Finally the planets have aligned and we have our long awaited cash rate cut of 0.25% bringing the cash rate down to 4.50%. I would think all the banks/lenders will be sensible in passing on this full amount without incident, CBA and Westpac have already done that and now I’d expect the others to follow. However history tells me they will set a da...

10/11/2011
Mortgage Broking

Double Christmas Bonus for Mortgage Holders or First Timers

For those of you reading this newsletter with Mortgages I put a challenge out to you, which could give you a double Christmas bonus on top of the RBA announcement to drop rates – the question to you is, do you want a further financial bonus – If Yes read on.... Over the next week or two you are going to receive a letter from your lender anno...

10/10/2011
Mortgage Broking

Brokers Top of Class

The latest Core Data ACQUIRE index market research findings has brokers top of the class. Core Data conducted a mystery shop exercise, surveying home lenders and ranked brokers ahead of banks and credit unions on a range of seven different criteria. On the most important criteria of ‘Understanding – or the ability to understand customers n...

10/10/2011
Mortgage Broking

RBA Rates Decision – October 2011

Anyone tired of hearing about the European debt crisis or the US economy yet? Of course we all are, but as the saying goes ‘Money makes the world go around’, so these global events are unfortunately part of Australia and ultimately a part of our personal worlds. And a clear reminder of this is the equity markets and how they have been so v...

10/09/2011
Mortgage Broking

RBA Rates Decision – September 2011

The RBA have again left interest rates on hold, after much speculation mid last month around the cash rate being reduced to stimulate the wider economy as it’s believed to be slowing over the past few months. In a recent speech, the Deputy Governor, Mr Ric Battellino, gave his indication that recent global economic uncertainty and the subseque...

10/08/2011
Mortgage Broking

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...

10/08/2011
Mortgage Broking

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...

17/07/2011
Buyers Agents

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...

10/07/2011
Mortgage Broking

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...