News

Refinancers caught in the crossfire of APRA’s tightening plan

October 24, 2017

Some Australian home owners looking to refinance their mortgage to reduce debt have discovered they are “stuck” with their current loan due to stricter rules enforced by the banking regulator. One lender says tighter controls are penalising people with a good credit history on loans granted before the Australian Prudential Regulation Authority (APRA) tightened rules […]

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FOS reports seven broker disputes in 2016/17

October 18, 2017

The Financial Ombudsman Service (FOS) has released new figures revealing the low number of broker disputes compared to the banks. The FOS Annual Review 2016-17reported 25,300 accepted disputes overall during the year. Of these, 10,400 involved the banks while only seven involved mortgage brokers.  These seven disputes included two around advice, two around charges, one around […]

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‘Major flaw’ with mortgage comparison rates, says CEO

October 2, 2017

The boss of one of Australia’s largest home loan comparison websites says that mortgage comparison rates are now obsolete and “decades behind” today’s market conditions. RateCity CEO Paul Marshall said that while the comparison rate is a good concept, it is no longer helping mortgage borrowers as much as it once did. “The comparison rate […]

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Broker loans almost reach $50bn mark

September 8, 2017

Australian mortgage brokers have broken new records, bringing in $49.46bn worth of residential home loans through the June 2017 quarter. This figure, which comes from the Mortgage & Finance Association of Australia’s (MFAA’s) latest quarterly industry survey, shows a growth in loan settlements of $3.4bn between the March and June quarters this year. The research […]

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Reduce Your Mortage Loan & Save Thousands!

July 18, 2017

REDUCE YOUR MORTAGE LOAN & SAVE THOUSANDS! JULY 19, 2017 Take years off your mortgage with one simple trick We are going to teach you 101 mortgage finance basics. If you are trying to organise your own home loan, through the bank that you have had an account with since you were a “dollar mite”, […]

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