Mortgage Brokers - Home Loan Help
Source expert help from your local mortgage broker prior to making an offer on any property; your Loan Market mortgage broker has access to every major bank and secure lender in Australia, and can assist you to find an appropriate home loan.
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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.
New laws which will make it compulsory for all mortgage brokers to register for an Australian Credit Licence (ACL) can only benefit the industry, says leading mortgage broker Loan Market.
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 ...
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Categories: Finance News. Tags: ASIC, Home Loans, Loan Market, Mortgage Brokers.
Melbourne property is proving in high demand, with the auction clearance rate for February at 76 per cent this year – in the last 20 years it’s only surpassed the 80 per cent mark once in the month.
Last year Melbourne recorded a February clearance rate of 69 per cent.
The price of property is also up; $1.25 billion worth of real estate was sold, compared to the $550 million sold in February last year.
Loan Market Executive Chairman Sam White said that despite these results, other economic factors should prompt the Reserve Bank of Australia to hold interest rates next month.
“Recent ...
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Categories: Finance News. Tags: Home Loans, Melbourne, Mortgage Brokers, Property, Ray White.
An industry poll asking mortgage brokers whether or not the Reserve Bank will raise interest rates in next week's March meeting is currently showing a pretty even divide between 'yes' and 'no'.
The poll, conducted online by industry publication The Adviser, has just under 54 per cent of mortgage brokers predicting a rise in interest rates, 41 per cent saying no rise, and 5 per cent unsure of what will happen.
Economists have also been divided on the direction interest rates will take, with RBA governor Glenn Stevens repeatedly indicating there will be rises this year, but not ...
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Categories: Finance News. Tags: Interest Rates, Mortgage Brokers.
Loans to property investors on the Gold Coast made up nearly 30 per cent of all home loans written by Loan Market Gold Coast mortgage brokers in 2009.
And that percentage is expected to rise in 2010 as property investors increase their presence in the property market; in fact enquiries to Loan Market about investment finance have risen substantially over recent months.
If you are considering investing in property on the Gold Coast, it pays to get a local expert to assist you with your investment finance requirements, as there are a number of special circumstances that ...
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Categories: Finance News. Tags: Gold Coast, Investment Finance, Investment Loans, Investors, Loan Market, Mortgage Brokers, Property Investment.
If ongoing low home loan interest rates sound like music to your ears, then Herston Economics chief economist, Clifford Bennett, might just be singing your song.
Mr. Bennett, the only economist to publicly predict interest rates would be kept on hold by the Reserve Bank of Australia (RBA) in February, believes that interest rates could well stay under 5 per cent for the next 10 to 15 years.
He believes changes to financial markets brought about by the global financial crisis mean that interest rates will not rise significantly, with high competitive price pressures instead the regulator in the economy.
However ...
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Categories: Finance News. Tags: Home Loan, Home Loans, Interest Rates, Mortgage Brokers, Mortgages.
Home buyers and mortgage holders can save hundreds of dollars per month by looking at switching their home loan to smaller lenders, a mortgage broker says.
Property owners are being urged to shop around for savings of up to one per cent, with one of Australia’s leading mortgage brokers Loan Market saying the margin between the standard variable rates offered by banks and other low variable rates had returned to levels not seen since 2007.
Loan Market Group chief operating officer Dean Rushton said it was now possible to obtain low variable rates from non-bank lenders.
"With ...
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Categories: Finance News. Tags: Dean Rushton, Home Loan, Loan Market, Mortgage Brokers, Variable Rates.
A tendency by Generation Y'ers to hop from job to job is in conflict with how the banks assess credit applications for home loans, leading mortgage broker Loan Market Group said today.
Loan Market Group Chief Operating Officer Dean Rushton said data collated over the last six months found that up to 11 per cent of predominantly Gen Y applicants seeking funds to purchase a property would not meet the lender criteria due to short term employment.
“It’s considered common practice these days for Gen Y’ers to have high job mobility but the banks don’t always seem to approve,” Mr Rushton said.
“Data ...
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Categories: Finance News. Tags: Dean Rushton, Mortgage, Mortgage Brokers.
Property Investment enquiries are coming in strong around the Coomera / Ormeau region, according to Northern Gold Coast mortgage broker Nathan Swain.
Mr Swain said the Northern region provides many lifestyle benefits, in being close to the beach and also on the most convenient side of the Gold Coast for Brisbane commuters.
“Many property investors coming into the market now are realizing that the South East region of Queensland is not far from being fully conjoined and they’re looking to invest money into high-growth areas,” he said.
The increase in investor enquiries coincides with the Federal Government First ...
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Categories: Finance News, Mortgage Brokers. Tags: First Home, Gold Coast, Mortgage Brokers, Nathan Swain, Northern Gold Coast, Property Investors.
Australians are still taking advantage of the federal government’s first home owners grant boost despite it being reduced in October.
Originally $14,000 for established homes and $21,000 for new properties, the boost was reduced to $10,500 for established homes and $14,000 for new homes on 30 September.
A recent report released by AAP said 18,703 people had received the grant in October, compared to 17,898 who took advantage of the grant in September (during its final month at the higher rate).
South Melbourne mortgage broker Giles Bray urged first home buyers considering taking out the grant to contact a ...
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Categories: Finance News. Tags: First Home Buyers, Giles Bray, Melbourne, Mortgage Brokers, South Melbourne.
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