Finance 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?
There are many different strategies to repaying your loan back quicker than the approved term, but none of them include a “magic fairy” that miraculously repays large amounts off your loan! Continue reading Six ways to accelerate your loan repayment
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?
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?