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

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.

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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.

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