You know, its not hard to find a good, professional mortgage broker, but it is difficult to find a great home loan deal without one! ASIC requires a minimum level of experience in the industry. They also require a continuation of training.  Members are to adhere to their Code of Practice ensuring ethical behaviour, professionalism,…

Know the home loan process from beginning to end and inside out……. Whether you are seeking to refinance your existing home loan or purchase a new owner occupied or investment property, the mortgage process is basically the same. Prior to embarking on this decision, it is important to have an accurate knowledge of your assets,…

Do you want to own your home sooner? Of course you do, who wouldn’t! Here are a few tips that will become the fundamental ingredients that you can apply over and over again. It’s not difficult, it just takes a little time. Work out a budget and stick to it!Get to know what your living…

Mortgage brokers will no doubt work with your interests at heart. 2 out of 3 Australians trust using a mortgage broker for researching the best home loan that suits them now and in the future. Mortgage Brokers provide consumers with: Choice Convenience Professionalism As a consumer wades through the complex home loan process, a mortgage broker…

Are you protecting yourself financially?  Please read the following tips to ensure you don’t fall into the trap that many Australians do each year when looking for that perfect home loan. Educate yourself. We have endeavored to provide all necessary information for you to have a basic understanding of the mortgage industry, products and your…

You are wanting to use a broker to get that great home loan.  What service should they provide, and what is required of them?…… Your mortgage broker should LISTEN to your personal circumstances and requirements.  They will offer you a selection of home loans that will suit your needs, and provide a comparison between these products, highlighting the pros…

Act Immediately It is vital to call your credit providers as soon as you know you are unable to meet your repayments.  Lenders are far more sympathetic and helpful if you inform them on your problem BEFORE they have to send you a letter of demand – or call you.  Many facilities have a ‘payment holiday’ option…

If you have cause for complaint against anyone in the mortgage industry (banks included), here is how to do it…  Brokers are required to be a member of an industry body.  These are the Mortgage & Finance Association of Australia (MFAA) (formerly MIAA) or Finance Brokers Association of Australia (FBAA).  They are also required to be…

What is Lenders Mortgage Insurance, and who does it protect? Lenders Mortgage Insurance (LMI) is a financial guarantee that insures the lenders against loss in the event a borrower defaults on a home loan.  If a borrower defaults, and the lender takes title to property, the mortgage insurer reduces or eliminates the loss to the…

Are you buying your first home, have a disability, low income or are of Aboriginal/Torres Straight Islander descent find out what Grants and Assistance you are entitled to…… If you’re saving hard for a deposit for your first home, make sure you familiarise yourself with the grants and assistance available from the Government – State…