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.


Read more

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.


Read more

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?


Read more

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?


Read more

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.


Read more

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.


Read more

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.


Read more

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.


Read more

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

A step-up for first-home buyers

May 22, 2019 9:39:23 AM

With the election results just in and the Coalition party having secured a majority government, there will be some changes ahead. Prime Minister Scott Morrison has introduced a new $500 million First Home Loan Deposit Scheme that will enable 10,000 first home buyers buy a home with only a five per cent deposit. Find out what you need to know as a first-home buyer.


Read more

Topics: First Home, First Home Owner Grant, first home buyer, Mortgage Advice, First time homeowner, Australia Mortgage Broker, First Home Loan Deposit Scheme

Understanding Borrowing Capacity

May 17, 2019 11:22:30 AM

Before going house hunting, it makes good sense to know how much you can actually borrow from your lender. Your borrowing capacity is the amount that a lender will lend you to buy a property. Sounds simple but it’s not: there are all kinds of factors involved that determine the amount a lender comes up with, and your loan amount can vary from lender to lender. Read on to find out more about borrowing capacity.


Read more

Topics: Lenders, Mortgage Advice, Australia Mortgage Broker, Borrowing Advice, Borrowing Capacity