Article by Patrick Lynch, Head of Operations Congrats, your loan has been formally approved. All the hard work is over – right? Yes, but the loan offer documents still have to be signed/ completed and returned, before settlement can be arranged. This paperwork can be overwhelming. Here’s an overview of the five key loan offer […]
Help, what are all these Loan Offer Documents?!
Do mortgage brokers put your best interests first, or their own?
Last week the government introduced a draft bill into parliament containing a new “best interests” obligation on mortgage brokers. It follows from the final report of the banking royal commission where the recommendation was made by commissioner Kenneth Hayne. Previously, the obligation on mortgage brokers was to recommend loans to clients that were deemed “not […]
Property market outlook from senior economist at Macquarie Bank – Justin Fabo
Short summary is below. Melbourne and Sydney observations: – neither markets are really buyers markets or sellers markets at the moment, there’s something for everyone – stock levels remain very low, and clearance rates are therefore particularly high – stock levels tend to increase c 6 months after signs of high clearance rate data In […]