Is one phone call all it takes to secure a lower rate?

With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal.

But when even a small interest rate reduction means potential savings of thousands of dollars, is a simple phone call really enough to get you there?

Continue reading Is one phone call all it takes to secure a lower rate?

Home Loan Tip: How to increase your borrowing capacity

There is no doubt that Banks and other Lenders within the Australian home loan market  have tightened their lending standards over the last 12 months.  This tightening is having a significant impact on the borrowing capacity of many Australians looking to obtain a Home Loan.

However the good news is that with some focus and financial management you can still present a strong case on your borrowing capacity to the Banks.

The below provides some tips on how to maximise your borrowing capacity. Continue reading Home Loan Tip: How to increase your borrowing capacity

Why you should consider a Home Loan Health Check!

Within the home loan industry there are numerous offers to provide a review of your current loans, whether they call it a “Home Loan Health Check”, “Loan Review”, or similar.

What does this mean? Continue reading Why you should consider a Home Loan Health Check!

Fixed V’s Variable Interest Rates – Pro’s and Con’s

With Australia currently enjoying historically low interest rates there are many borrowers asking themselves “should I fix the interest rate on my home loan?”

Indeed at many social functions the topic of interest rates is often raised and it seems that there are many views and opinions on the best strategy, which just adds to the confusion for many of us. Continue reading Fixed V’s Variable Interest Rates – Pro’s and Con’s

Why use a Mortgage Broker?

Mortgage Brokers (also often referred to as Finance 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 Mortgage 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 Mortgage 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 Mortgage Broker?

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?