Why use a Finance Broker?

Clip Art Pictures_003Finance Brokers (also often referred to as Mortgage Brokers, Mortgage Planners or Credit Advisers) act as an intermediary between lenders and borrowers to negotiate loan facilities.

Over the last 10 – 15 years the usage of Finance Brokers in Australia has increased consistently and it is now estimated that approximately 1 in every 2 new home loans in Australia is sourced through a Finance Broker.

So why do so many borrowers utilise a Broker rather than going to their local Bank? Some of the benefits and reasons include: Continue reading Why use a Finance Broker?

Should I apply for the loan with the lowest interest rate?

I was staggered recently to read an article by a professional finance journalist, in a daily publication, stating that borrowers should refinance their loans to those financial institutions with the lowest interest rates. Continue reading Should I apply for the loan with the lowest interest rate?

Fixed versus variable interest rates – Should I fix my loan interest rate?

With Australia currently enjoying historically low interest rates there are many borrowers asking themselves “should I fix the interest rate on my loan?” Continue reading Fixed versus variable interest rates – Should I fix my loan interest rate?