Browse Posts “Mortgage Brokers”.
Loans for first home buyers - See Steven Tozer Mortgage Broker in Ipswich
Helping First Home Buyers is always exciting, because I am able to help create one the client’s life milestones. Many First Home Buyers do not know what the process involves, so it is really important to provide clear explanations, documentation, support and regular communication to assist the client through the process with minimal stress.
Loans for property investors
Just like buying your first home, making your first investment property purchase can be a little daunting. It is very important that correct mortgage product is found. The loan ...
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Categories: Mortgage Brokers. Tags: 100% Home Loans, Booval, Bundamba, Fernvale, Investment Loans, Ipswich, Ipswich Mortgage Broker, Karalee, Karana Downs, Kenmore, Kensington Grove, lo doc, Lockyer Valley, low doc, low-doc-loans, Property Finance, Raceview, Regency Downs, Rosewood.
X Inc mortgage broker on the Sunshine Coast, Inta Maggs said today that First Home buyers on the Sunshine Coast should investigate their options with No Deposit loans before giving up on their chance to enter the property market. "We're closing the gap for First Home Buyers entering the property market on the Sunshine Coast with our 100% home loan strategies", she said.
Whilst property prices on the Sunshine Coast increased greatly over the last few years, first home buyers need not despair. Quite often first home buyers may be closer to buying their first home than they ...
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Categories: Mortgage Brokers. Tags: First Home Buyer, Mortgage Broker, Queensland, Sunshine Coast.
More Australians are turning to mortgage brokers to help them find and secure quality home loan products, a new report from mortgage insurer Genworth has shown.
The Genworth Financial Mortgage Trends Report, released this week, showed that despite declining competition reducing the number of choices for borrowers, the proportion of loans written by mortgage brokers has increased to 41%, up from 30% in 2005.
Positive sentiment towards mortgage brokers is also growing, with only 3% of non-property owners saying that they would not consider using a mortgage broker - a significant fall from last year's figure of 26%.
Mortgage brokers are ...
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Categories: Home Loans and Mortgages, Mortgage Brokers. Tags: Home Loan, Mortgage, Mortgage Brokers.
Investment and development finance in Oakleigh, see your local Loan Market Mortgage Brokers
Property investment finance can be quite complex, particularly when you have multiple properties in your portfolio. There are different options available depending on whether you are a first time investor, have a broad property portfolio, or wish to use complex financial structures such as trusts. There are also options available if you are an owner-builder or need to finance property development sites.
Commercial purchases in Oakleigh
If you are considering purchasing commercial property, from small 2-3 unit sites up to $20 million property development sites, there are a range of ...
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Categories: Home Loans and Mortgages, Mortgage Brokers. Tags: Alex Shumski, Commercial Loan, East Melbourne, Finance, Home Loan, Investment Loans, Mortgage Broker, Oakleigh, Property Finance.
(AAP)
Expat Australians are poised to set off a fresh wave of buying in property markets nationwide in their bid to flee the global financial crisis, says Australia's leading independent mortgage broker. Jennifer Nielsen, Chief Executive of Loan Market Group, which includes X Inc Finance, said inquiries for home loans from expats had escalated in recent weeks.
Jennifer Nielsen, Chief Executive of Loan Market Group, which includes , said inquiries for from expats had escalated in recent weeks."There is strong interest from expatriate Australians, many of them banking and finance professionals, who are looking to ...
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Categories: Media Articles, Mortgage Brokers, News.
(AAP)
Federal Treasurer Wayne Swan welcomed the RBA's move to slash interest rates by 1 %, saying it would deliver substantial relief to businesses and households with mortgages.
In an interview with ABC Television, Mr Swan said the rate cut would serve to strengthen the Australian economy for the long term.
The unprecedented 1% rate cut came as a surprise to most economists who had tipped a 0.5% rate cut.
The RBA was responding to the ongoing turmoil in financial markets in recent weeks which would undoubtedly impact on world growth, Mr Swan said.
"And of course as we have seen, (the ...
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Categories: Interest Rates, Mortgage Brokers, News.
(Lending Central)
The Federal Government's move to enter the home loan market by investing $4 billion in residential mortgage-backed securities is a good first step in bolstering competition in the home loan market, according to Loan Market Group.
Welcoming the move, Jennifer Nielsen, Chief Executive of Loan Market Group, which includes X Inc Finance, said that more needs to be done to revive long-term confidence and competition in Australia's non-bank mortgage market despite the Federal Government's rescue package
"But it shouldn't end here", Ms Nielsen said. "A more formalised, long-term solution is vital to protect households and the ...
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Categories: Mortgage Brokers, News. Tags: 100% Home Loans, lo doc, low doc, low-doc-loans.
(Mortgage Business)
Investors and first homebuyers are the borrower segments that could lead the mortgage industry's recovery amid cautious optimism that the September rate cut would spur some activity.
A straw poll conducted by Mortgage Business showed that out of 303 respondents, 35.6 per cent said first home buyer activity would pick up the most.
This was followed by property investors (22.6 per cent) and refinancing activity (21.8 per cent).
Only 18.5 per cent said the rate cut would have no positive impact on any market segment.
Interested in buying your first home or investing in property? A good mortgage broker can ...
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Categories: Investment, Mortgage Brokers, News. Tags: Investment Loans, Property Finance.
(Housing Industry Association)
The fall in housing starts for the second consecutive quarter in June highlights the need to the importance of initiatives to boost the supply of affordable housing, such as the launch of the Housing Affordability Fund.
HIA, Australia's biggest residential building association said a 40,000 dwelling shorfall in the 2007/08 FY highlighted the need for housing affordability initiatives.
Australian Bureau of Statistics figures released on September 15, showed total new home starts fell by 3.7 per cent in the June 2008 quarter to a level of 38,348, the lowest in a year.
Detached house starts increased ...
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Categories: Insurance, Media Articles, Mortgage Brokers, News.
(Mortgage Business)
The RBA is unlikely to cut interest rates in October as a result of the US financial sector crisis and global economic uncertainty.
In an interview with Mortgage Business, Fariborz Moshirian, professor of finance at UNSW Australian School of Business, said that recent international events, such as the collapse of Lehman Brothers, were unlikely to impact Australia's economy significantly but would hold chief importance at next month's RBA meeting
"The market has fallen this week but generally speaking it should be able to weather this round of write-offs", he said.
Professor Moshirian said that ...
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Categories: Interest Rates, Media Articles, Mortgage Brokers, News.
(MPA LENDER)
Australian borrowers are finding it increasingly harder to secure finance as non-bank lenders leave the market in droves in the wake of the credit crunch, finance broker X Inc has warned.
"Specialist lenders and building societies are now leaving the market in droves, being unable to secure liquidity with the credit crunch having pretty much shut down the mortgage-backed securities market." said CEO, Jennifer Nielsen.
Nielsen warned that as more lenders exited the industry, market power will further concentrate in the hands of the biggest four of five lenders, "making it even harder for deserving applicants to secure a ...
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Categories: Mortgage Brokers, News. Tags: 100% Home Loans, lo doc, low doc, low-doc-loans.
Most Australians are prepared to allow lenders to access their entire credit history in order to get a better deal for a home loan, a new survey has found.
An online poll conducted during August by leading mortgage broker Loan Market Group, which includes X Inc Finance, found 72 per cent of respondents said they supported positive credit reporting.
Under positive credit reporting, lenders can scrutinise an applicant's full credit history.
While almost three-quarters of those surveyed supported positive credit reporting, 19 per cent were unsure about allowing access to so much of their financial details and nine ...
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Categories: Mortgage Brokers, News, Press Releases.
(Jennifer Nielsen, CEO, X Inc Finance)
At it's September board meeting today the Reserve Bank cut official rates by one quarter of a percentage point and all major banks and non-bank lenders followed suit.
Amazingly, surveys amongst Loan Market and X Inc brokers say that six out of every 10 mortgage holders in Australia don't actually know what interest rate they are paying. And that means many people are paying more than they need to.
While many people track the news on interest rates, they can't actually tell you if they have the best rate themselves. Instead, they wait to ...
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Categories: Media Articles, Mortgage Brokers, News.
(Lending Central)
While other industries across the country are facing dire skills shortages, the financial services sector has a looming labour surplus to contend with as lenders put off staff in response to the rising cost of funding and liquidity issues.
Jennifer Nielsen, Chief Executive Officer of Loan Market Group, which includes X Inc Finance, said the US sub-prime mortgage crisis had effectively shut down the residential mortgage-backed securities (RMBS) market in Australia.
Many specialist lenders had been forced to either scale back their operations and ration credit, or close their doors altogether, she said.
Ms Nielsen cites that while ...
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Categories: Media Articles, Mortgage Brokers, News.
The Sheet
The mortgage industry may be showing tentative signs of improvement with one of Australia's larger brokers, Loan Market Group, reporting stronger sales in June.
The increase is unexpected, due to many banks and financial institutions slashing commission rates and emphasising more profitable branch sales, with some banks such as BankWest taking a step further and pulling mortgage products from the broker channel altogether - which they did last week with their popular Rate Tracker.
Speaking on the market improvements, Loan Market Group chief executive officer, Jennifer Nielsen said that the group saw stronger sales in June than ...
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Categories: Interest Rates, Mortgage Brokers, News.
Sunshine Coast Mortgage Broker Nicky Orchard said today that comments by the Reserve Bank following its meeting on interest rates give hope to home buyers that interest rates will start to decline soon, despite the recent independent moves of many banks and lenders.
In a statement released by the Reserve Bank after its August 5 meeting, a "move towards a less restrictive stance of monetary policy in the period ahead" was foreshadowed, as long economic conditions remained subdued.
Economists are equating this to a drop in official interest rates late in the year, and although some major banks have refused to ...
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Categories: Interest Rates, Mortgage Brokers, News.
(The Age)
BANKS are still offering 100% home loans, despite an increasing risk that falling property prices could mean borrowers owe more than their house is worth.
According to Loan Market Group broker Commonwealth Bank, NAB and Westpac will still lend 100% of the purchase price of a property, less about 3% mortgage insurance. St George will lend 100%, including insurance, at a higher rate.
Loan Market Group chief executive Jennifer Nielsen said that while banks continued to offer 100% home loans, she expected that they would strengthen their criteria. "If you were a borderline 'yes' ...
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Categories: Media Articles, Mortgage Brokers, News.
Loan Market Group offer Mortgage Brokers in Melbourne, Victoria. Loan Market mortgage brokers secure in excess of $500 million in home finance across Australia every month, through more than 600 mortgage brokers dealing with over 400 home loan products.
East Melbourne Mortgage Brokers
[lmBroker region='Melbourne East']
CBD Melbourne Central
[lmBroker region='Melbourne Central']
West Melbourne
[lmBroker region='Melbourne West']
North Melbourne
[lmBroker region='Melbourne North']
South Melbourne
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Categories: Mortgage Brokers, News. Tags: East Melbourne, Melbourne, Melbourne CBD, Mortgage Brokers, North Melbourne, South Melbourne, West Melbourne.
Thornbury Mortgage Broker Paul Moulday said today that recent Budget announcements by the Victorian State Government have significantly reduced the cost of buying a new home, making it an ideal time to look at purchasing property.
The Victorian government has built upon changes to stamp duty begun in 2006 by remodeling the stamp duty rate bands to make purchasing a home more affordable for the average Victorian.
The changes have seen stamp duty on the median house price in Victoria fall by 17 per cent for property purchased for use as a principle place of residence.
Moulday has particularly applauded additional bonuses for ...
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Categories: Mortgage Brokers, Mortgage Tips, News.
Thornbury Mortgage Broker Paul Moulday said today that mortgage stress wasn't just about mortgages, it also included personal loans, credit cards, interest free periods, school fees and margin calls on share holdings. The truth is that the mortgage is the last thing a person stops paying. All the other loans and fees are first.
A simple way to combat any interest rate risk and mortgage stress, is to get a good mortgage broker to stress test your budget and finance situation.
Look at whether you can split your loans into deductible and non deductible debt, or simply ease the burden of cash flows. You might split your debts ...
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Categories: Mortgage Brokers, Mortgage Tips, News.
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