What is Best Interests Duty For Mortgage Brokers? And Why Does it matter? Best Interests Duty for mortgage brokers came into effect on January 1, 2021. The small and the short of it – mortgage brokers are now required by law to always act in the best interests of their clients and to put their…
Comprehensive Credit Reporting: How You Get Judged For A Home Loan Has Changed (Probably For The Better) Every time you apply for any type of loan, the lender reviews your credit report – you see ‘get your free credit report’ advertised all the time on TV or on social media. This report is one of…
Designing Wealth: How Innovative Renovation Strategies Fuel Property Flipping Success Property flipping has become an increasingly popular investment strategy in Australia, and for good reason. With the potential for substantial profits over a short time period, it’s no surprise that many investors look to the property market as a powerful tool for generating capital gains. …
Due to recent global events that led to a decline in the Housing Market, clients would come up to us and ask ‘How does an Equity Loan Work?’ or ‘How can I take advantage of the Equity in my home’? Over the last few months I have had a number of clients come to…
Stop Paying More For Being Loyal, Avoid Loyalty Tax on Home Loans! We are all taught that businesses should reward their most loyal customers. Stick with them through thick and thin and they’ll look after you… Sadly one sector that seems to have ignored this piece of advice is our own banks – they’re actively…
An easier way to Apply for a Self Employed Home Loan (As Long As You Get Paid A Salary). One of the most difficult challenges for self-employed people and small business owners is to get their home loans approved. Because their incomes are so closely linked to the performance of their business, lenders require…
Understanding Lender’s Mortgage Insurance Policies As a rule, if you don’t have a 20% deposit in savings, then your bank will ask you to pay Lender’s Mortgage Insurance (LMI) when you buy a home. This is why so many of us need to dutifully save up our 20% deposit to buy our first home. If…
When Was The Last Time You Checked Your Self Managed Super Fund Investment Loans? I was on a webinar the other day and the host was talking about how a lot of borrowers are currently paying 8% interest on their SMSF investment loans. Unfortunately, a lot of investors don’t really stay on top of their…
The Latitude Data ‘Breach’ Definitely Left its Mark – so I want to lay down tips on How to Keep Your Data Safe. The scale of having data stolen from 14M people on Latitude’s Data Breach is scary! A hacking incident at Australian non-bank lender Latitude Financial affected a far greater number of individuals than…
Are you looking to refinance your home loan? For some, there are easy ways to get the result they are looking for without refinancing. As a rule, when someone refinances their home loan it is to achieve one of the following goals. When you are a mortgage broker you see just how much variability…
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