Henry’s Winning Team

Henry Daniell Broker 2, News Leave a Comment

Woof!  Have you missed me? Sorry, I have been quiet recently, but I have been busy herding up the flock as we have receiving awards left, right and centre. While I myself am not that ego-driven, it has given me great pleasure to see the rest of the pack win prizes for their great work. First of all, Doug; the …

Will Property’s Past Haunt its Future?

Graeme Salt Broker 2, News Leave a Comment

“History doesn’t repeat itself – but it rhymes” – Mark Twain. The property market is turning – but what is it turning to?  Are we close to a property collapse? Below I have reviewed comments from some experts who have been through more than one property cycle. Over the past 20 years, nationally, this chart from Corelogic shows the property market …

Getting Business Finance is Easier than You Think

Graeme Salt Broker 2, News Leave a Comment

Did you know that getting finance for business purposes might be easier than getting a home loan? With the amount of scrutiny from regulators such as APRA and ASIC on residential mortgages, the banks are trying to increase their lending to businesses – and with ultra-low rates, business owners are finding commercial loans very competitive. Here are some examples of …

Savvy Borrowers Profit When Interest Rates Go Up

Graeme Salt Broker 2, News Leave a Comment

Two of the major banks are forecasting two rate rises in 2018. How will you cope when that little bit more of your household budget has to go on paying-off the home loan? NAB and ANZ economists are now predicting two rate rises next year, while CBA is predicting one rate rise. It has now been 83 months since the …

Good Mortgage Brokers Go Out of Their Way for Your Property Purchase

Graeme Salt Broker 2, News Leave a Comment

Around 60 per cent of Australians use mortgage brokers to purchase property.  These borrowers are learning that they are often better off getting a mortgage expert to source their loan than just going into any-old bank branch. According to research from Ernst and Young, borrowers who used brokers to arrange their loans did so because they perceived: It is more …

The Soap Opera of Today’s Home Loans

Graeme Salt Broker 2 Leave a Comment

Not long ago there were only two sorts of home loan; fixed and variable.  But now, borrowers can be very confused as to what sort of a loan banks will offer them. The situation now is as complicated as the old ‘80s sitcom Soap, whose catch-cry was “Confused? You won’t be after this week’s episode of Soap.”  Today’s borrowers may …

If You Want a Low Rate, You’ll Have to Be Good

ofadmin Broker 2 Leave a Comment

The recent changes in home lending that borrowers have experienced are tiny to what will happen in the next few years as the banks radically transform the mortgages they offer. Until recently, the differences between lenders was not that much more different than, say, Holden v Ford.  But, some changes are afoot that will make some of us bigger winners and …

Are Interest-Only Loans Now Dead?

Graeme Salt Broker 2 Leave a Comment

There was a time when property owners were advised that their investment loans should be interest-only and the loan on their own home should be principal and interest.  But now some experts think that borrowers should radically change their loan structure. The logic used to be that, as home owners were paying their home loan with after-tax dollars, they should …