Brokers have a great opportunity to serve self-employed borrowers who are particularly keen for relief from rising rates and inflation, according to Chris Paterson, general manager distribution at non-bank lender Resimac. Paterson (pictured above) said self-employed borrowers were often charged higher rates than PAYG workers which meant they were more willing to explore financial options. “Many […]

Australia’s largest bank, Commonwealth Bank of Australia (CBA), announced today that it is raising the rate on its Wealth Package home loan for new customers with substantial deposits. This move is the bank’s fourth rate increase for new customers in the past three months, in addition to the standard hikes by the Reserve Bank of […]