> Month: January 2018 | Better Choice

News

Fewer Aussies are behind on mortgage repayments

January 28, 2018

Despite high household indebtedness, the number of Australians behind on their mortgage repayments has fallen, according to a recent report by ratings agency S&P. Delinquent housing loans underlying prime residential mortgage-backed securities (RMBS) fell to 1.00% in November 2017 from 1.04% the previous month, S&P partly attributed the drop to a continuous increase in outstanding […]

Better-Choice-Mortgage-Brokers-Perth

Mortgage market has ‘never been so confusing’

January 19, 2018

With each Lender having up to 42, yes that’s right 42, different variable rates & probably the same again for fixed rates, yes the Mortgage market has become ridiculously complex .Ongoing lending changes driven by APRA’s macro-prudential measures have dramatically changed the way one broker is helping his clients.   While the banking regulator’s lending […]

Mortgage-market-Perth

RBA to raise rates by 25 bps in August: NAB

January 19, 2018

The major bank believes that the Reserve Bank of Australia will raise the cash rate by 25 basis points in August and November. According to NAB’s December edition of the Forward View report, the RBA will not have much impetus to begin hiking the cash rate until it sees a pick-up in wages growth, which […]

raise-rates-refinance-home-loan

Personal loan customers refunded millions

January 17, 2018

Hundreds of Latitude Insurance customers will be refunded a total of $1.1 million after the insurance provider mis-sold consumer credit insurance with personal loans. Hallmark General Insurance Company Ltd (which trades as Latitude Insurance) will refund 905 customers after it mis-sold consumer credit insurance (CCI) with Latitude personal loans and denied insurance claims made on […]

consumer-credit=insurance-brokers-perth

ASIC provides tips for financial resolutions

January 15, 2018

The financial services regulator is encouraging Australians to start the new year by setting financial goals, listing five tips to help achieve the feat. According to ASIC’s senior executive leader for financial capability, Laura Higgins, one of the most popular New Year’s resolutions is for people to “take control” of their money. However, Ms Higgins highlighted that […]

Financial-new-year-resolutions

2018 to be ‘Year of the First Home Buyer’ in Perth

January 15, 2018

The approaching year in Perth and Western Australia is being heralded as one to be extremely favourable for first home buyers and anyone looking to purchase property. According to Shane Kempton, chief operations officer of Professionals Real Estate Group in WA and Northern Territory, a combination of low rates, a rising economy and cheap property will […]

first-home-buyers

How to deal with family members looking for loans

January 9, 2018

IT IS one of those conversations which stops you in your tracks. You’re put on the spot, you have to answer and, frankly you don’t know how to respond. Yep, it’s about money. That awkward moment where a friend or relative asks you to lend them money. If it’s only a few bucks, maybe even […]

financial-situation-home-loan-brokers

Bitcoin, Crypto Currency….so what is it all about?

January 8, 2018

Kochie explains why Bitcoin is one of the ‘craziest invesment fads’ he’s ever heard of! ANSWER this for me. A door-to-door salesman (think Avon, vacuum cleaners, etc) comes to your home and says; “I have a great new product I reckon you’d be interested in. It’s a crypto-currency called Bitcoin. It’s like a normal coin […]

bitcoin-finance-brokers
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