Over the past 10 years Australia’s decreasing interest rate environment combined with an increasing number of lenders and mortgage products have helped mortgage brokers demonstrate their value. Wider choice, and superior advice and service has resulted in better consumer outcomes, and according to the latest CoreLogic data mortgage brokers now account for 53.6% of all […]
Will mortgage broking be disrupted in 10 years?
Should you switch to P&I?
If there was ever a time where borrowers needed better advice and education… this is it. We are in a residential lending market where bank policies and pricing are literally changing on a weekly basis. Add to this slowing capital growth forecasts for Melbourne and Sydney, and it really is vital now that borrowers buy […]
The benefits of interest-only are starting to fade
If you haven’t checked your interest rate lately, do it now! All of a sudden there are a lot of borrowers with interest-only loans, not realising that their rates have just increased by 0.30-0.50%+, and not realising they could get significant discounts now by refinancing, and switching over to Principal and Interest repayments. Meanwhile the […]