What’s the catch with Afterpay?

Aug 15, 2019 3:45:56 PM

It’s been called the next big thing to hit Australia – a “buy now, pay later” scheme that doesn’t cost you anything. Or does it? Operating like a lay-by system, Afterpay lets you buy something now and pay it off in four instalments over eight weeks. Since July 2018, 2.2 million people have already used Afterpay. We ask the question, “what’s the catch with Afterpay?”.


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Topics: Credit Card Debt, Debt Consolidation, Financial Advice, AfterPay, Part Payment

Separating Personal and Business Finance

Aug 15, 2019 3:44:50 PM

Access to funding is critical for many small businesses. Unfortunately, traditional lenders don’t typically lend to businesses that don’t have an extensive trading history. Which is why many businesses resort to using their personal mortgage, a personal loan or credit card to fund their business, believing this is a viable and cost-effective alternative. Here’s why we think it’s vital to separate personal and business finance.


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Topics: Financial Advice, Small Business Lending, Business Finance, Small Business Finance, Mortgage Advice

Word on the street: A Property Update

Jul 15, 2019 6:15:49 AM

This month, we asked one of our top referring Harcourts agents Gavin Kohan, Property Sales Consultant based in Frankston, Victoria to update us on the general feeling in the Victoria property market. Gavin shared his insightful perspective around recent changes to the property market, trends that he’s seeing on the ground, and his predictions for the future of Australian property.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker

2019 Banking Code of Practice

Jul 11, 2019 9:02:27 AM

In a bid to restore customers’ faith in banking, the Australian Banking Association (ABA), together with some of Australia’s largest banks, has launched the Banking Code of Practice. This new set of guidelines and principles will hopefully improve small business lending, provide strong protection for customers, and serious consequences for breaches. Here’s some of the changes you can expect.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Open Banking, Responsible Lending, Banking Code of Practice

Devaluing Your Health Could Cost You More

Jul 10, 2019 9:00:00 AM

We are living in a time where there is an abundance of health awareness and an increasing amount of education and statistics published about the risks and long-term impact of various illnesses and disease. It’s clearly affecting Australians physically, mentally & financially, so why then is Australia regarded as one of the most underinsured nations in the world? Is the common colloquialism of “she’ll be right” standing in the way of Australian’s adequately preparing for life’s unexpected events?


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Topics: Financial Advice, Home Loan Advice, Mortgage Advice, Mortgage Protection Insurance, Australia Mortgage Broker, Superannuation, Life Insurance

What An Open Banking Regime Means For You

Jul 10, 2019 8:48:57 AM

On 1 July 2019, the open banking regime officially began, with the four major banks now offering data on a variety of products as part of the regime’s roll-out. Over the next two years, a phased implementation of open banking will be carried out, not only taking the friction out of banking, according to experts, but also leading to the rise of a whole new class of products and services in the financial sector. So, what changes can you expect?


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Open Banking, Responsible Lending

5 Mortgage Mistakes to Avoid

Jun 24, 2019 9:29:16 AM

Whether you’re a first home buyer or a seasoned investor, making a bad decision on your mortgage could end up costing you in both time and money. When it comes to a mortgage, what you don’t know CAN in fact hurt you! Knowing what pitfalls to avoid will help you make better decisions. Here are 5 mortgage mistakes to avoid.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Borrowing Advice, mortgage review

A Good Time to Review Your Mortgage

Jun 23, 2019 3:02:00 PM

Earlier this month, the Reserve Bank of Australia reduced its official cash rate (OCR) to a record low 1.25 per cent. Many of the major banks have already announced changes to their home loan rates, and home loan experts are urging Australian borrowers to find out if they are eligible for a rate cut. There’s never been a better time to review your mortgage by contacting your Mortgage Express broker.


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Topics: lending options, Financial Advice, Home Loan Advice, Mortgage Advice, Australia Mortgage Broker, Borrowing Advice, mortgage review

Coping with mortgage stress

Jun 23, 2019 2:55:00 PM

New data shows a sharp increase in the number of homeowners going into retirement with a mortgage, while the average debt-to-income ratio amongst those with mortgages has pretty much doubled across every home-owning age group. Not surprising, mortgage stress is also on the rise. We share our tips for coping with and avoiding mortgage stress.


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Topics: Lenders, Mortgage Repayment Cover, mortgage stress, lending options, Mortgage Advice, Australia Mortgage Broker, Borrowing Advice

First tier lenders vs. second tier lenders

Jun 17, 2019 5:26:40 PM

Stricter lending conditions across Australia have led to a rise in the number of borrowers turning to second tier lenders for finance. Second tier lenders – who can be smaller banks or non-bank lenders – whilst also tightly regulated, can often have more flexibility in the rates and fees they can offer. As a borrower who doesn’t quite meet bank lending criteria of the Big 4 Banks, a second tier or non-bank lender may be the answer.


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Topics: non-bank lender, lending options, Mortgage Advice, Australia Mortgage Broker, First Tier Lender