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 […]

The Mortgage and Finance Association of Australia (MFAA) recently launched a new and exciting, major national advertising campaign. The campaign is to promote the Mortgage Broking industry and highlight the value Mortgage Brokers, across the nation, deliver to their customers and the economy. Despite a challenging period with the Banking Royal Commission, the value and […]

If you’re getting ready to lodge your tax returns then you’ve probably got a heap of questions. Question like:  What are the key dates? What if I can’t lodge on time? What are the penalties for being late? What are the key dates? The Australian Tax Office’s own website is actually pretty clear with all the […]