A New Zealand economist says the RBNZ should stop hiking up interest rates, amid evidence that the economic recovery is not as strong as expected.
New Zeland Institute of Economic Research Quarterly Survey of Business Opinion chief economist Shamubeel Eaqub released a report this week revealing a drop in business confidence, from 36 per cent in the March quarter, to 28 per cent in the June quarter.
"It's not quite double-dip recession, more a stumbling recovery," he said.
“But the very weak growth evident in the QSBO showed a far weaker economy than would normally be expected a year into the ...
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Categories: New Zealand. Tags: Interest Rates, New Zealand, Reserve Bank of New Zealand.
Narrabeen mortgage broker Ali Facer is an experienced finance professional based in Sydney’s Northern Beaches. Her service is fully mobile and operates in Narrabeen, Mona Vale, Warriewood, Newport, Collaroy, Cromer, Dee Why, Manly, Frenchs Forest, Terrey Hills and surrounding areas.
Customers and loans
Ali prides herself on being someone who really listens to her customers, and finds a way to explain what each individual needs to know, based on their unique situation. She will guide you through the home loan process without the need for complicated explanations and unnecessary jargon, and present you with the most suitable and cost effective home ...
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Categories: Finance News. Tags: Ali Facer, Mortgage Broker, Narrabeen.
New laws coming into force at the end of the month will make it compulsory for all mortgage brokers to operate under an Australian Credit Licence (ACL).
Under national credit reforms, anyone engaged in credit advice on home loans will need to register with the Australian Securities and Investment Commission (ASIC) prior to June 30, 2010, or be appointed as a representative.
Registered credit participants will then have six months between July 1 and December 31, 2010, to apply for an ACL.
Loan Market Chief Operating Officer Dean Rushton said the ACL requirement would only enhance the mortgage broking ...
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Categories: Finance News. Tags: ASIC, Home Loan, Loan Market, Mortgage Brokers.
Common scenarios for Non Conforming Home Loans
There are a number of common scenarios which would see you in the ‘non conforming’ borrowing area.
Ironically, many people with inconsistent employment are surprised to find that getting ‘mainstream’ credit as not as easy as they had thought. As are people starting new businesses. These days however, if you have the ability to repay, there is probably a non conforming lender who will give you credit.
Short term self employed: You might be starting new business or recently started a new business. If you can explain your situation in ...
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Categories: Finance News. Tags: Borrowing, Home Loan, Non-conforming Home Loans.
Investors are borrowing big-time to purchase commercial property in Geelong, according to Ray White and Loan Market.
Ray White Commercial Geelong’s Andrew Crowhurst said the area provided potential returns of around seven per cent.
He recently sold a refurbished warehouse complex in the Breakwater industrial precinct for $660,000.
“As well as offering attractive returns, this property appealed because there is potential for future sub-division and it is close to new Bunnings and Reece trade centre outlets,” he said.
Loan Market Geelong mortgage broker Sarah Thomson said there was renewed confidence in business borrowers in the area, from both investors and ...
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Categories: Finance News. Tags: Andrew Crowhurst, Business Borrowers, Commercial Loans, Geelong, Investors, Melbourne, Mortgage Broker, Sarah Thomson.
Geelong finance broker Sarah Thomson has more than 10 years experience in financial services, and understands the importance of getting the loan and rate that’s right for your unique situation.
Assisting with first home buyers, investment loans, refinancing, debt consolidation, construction loans, lo doc loans and more; Sarah has the expertise required.
Taking out a home loan is one of the biggest financial decisions you’ll ever make, so getting an expert on your side is paramount.
Sarah takes the hassle out of the home loan, by doing all the leg work and then presenting you with the ...
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Categories: Finance News. Tags: Bellarine Peninsula, Belmont, Drumcondra, East Geelong, Finance Broker, Geelong, Geelong West, Grovedale, Highton, Melbourne, Mortgage Broker, Newtown, Sarah Thomson, South Geelong, Surf Coast.
Demand for housing finance for investment property and people wishing to upgrade their homes has doubled over the past 12 months, says leading mortgage broker Loan Market.
Loan Market Chief Operating Officer Dean Rushton said the home finance market had shifted dramatically over the past year.
“A year ago first home buyers were dominating the market due to boosted government grants,” Mr Rushton said.
“But enquiries from first home buyers have fallen dramatically from 57 per cent of our business in April last year to just 16 per cent now. This is due largely to the expanded First Home ...
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Categories: Finance News. Tags: Investors, Loan Market, Upgraders.
Australasia’s most successful real estate business, Ray White, has reported only an 8 per cent increase in turnover compared to last year, in the wake of the global financial crisis.
Ray White chairman Brian White said the interest rate increases were having an impact on activity.
"With the additional interest rate hike, it would be the first time that the Australian market has not shrugged off the pattern of increases in the past.
"At last, it would appear that the ambition of the Reserve Bank to slow down the residential activity has been achieved."
In line with this, Australasia’s largest family-owned mortgage ...
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Categories: Finance News. Tags: First Home Buyers, Interest Rates, Loan Market, Ray White.
Geelong residents looking to secure a business loan should be aware that loan terms vary widely between lenders.
Business loan terms can be as long as 30 years; the minimum amount you can borrow also varies.
Geelong mortgage broker Sarah Thomson said business loans provided borrowers with flexible access to finance when they needed capital for the start up, expansion or business equipment.
“An additional benefit of a business loan is portability – many lenders will allow you to change the security used during the life of the loan,” she said.
Ms Thomson said there was a large range of ...
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Categories: Finance News. Tags: Business Loan, Geelong, Sarah Thomson.
Property buyers in Geelong can access a personalised home loan service from a mortgage broker who brings more than 25 years experience in the finance industry to the process.
Loan Market Geelong mortgage broker, Trevor Priddle, works with a wide range of home loans from a diverse panel of lenders, including introductory rate home loans, variable rate home loans, fixed rate home loans and loans for the credit-impaired.
"I can support the needs of just about any buyer through the use of one, or a combination of, a huge variety of loans," said Trevor.
"What it really comes down to, is ...
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Categories: Mortgage Brokers. Tags: Geelong, Home Loan, Loan Market, Mortgage Broker, Trevor Priddle.
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