Interest rates are at historic low levels, but how do you know if your bank is giving you the lowest rate on your loans? Whether you have a home loan, investment loan or business loan, you should always try to negotiate a lower interest rate for these loans. What does your bank look at There […]

Thousands of homeowners are stuck in a “mortgage trap” with the major banks leaving them unable to refinance their loans to get a better rate. Changes in bank rules around living expenses calculations have effectively wiped huge amounts off the maximum a bank will allow you to borrow. Many people are now finding they originally […]

Over the past twelve months there has been a crack-down on interest only loans. The Australian Prudential Regulation Authority (APRA) has put a limit on interest-only lending to 30% of total new residential mortgage lending. Also, APRA have put restrictions on interest only lending loan to value ratios above 80% In the past, lenders may have approved […]

Importance of experience Did you know most new Brokers leave the industry within the first two years? And with hundreds of different loan products on the market, it’s hard to make the right decision.   And if you make the wrong decision, it could cost you thousands over the life of your home loan or investment loan. So it’s […]

Get independent advice Did you know Commonwealth Bank owns Aussie Home Loans?  Also, most online home loan sites are part-owned by the major banks? When you’re looking to refinance, make sure your Broker can offer you the choice of many different lenders. Most independent Brokers will have around 20 different lenders, and they will recommend the […]