Nov 30

Car finance becoming increasingly scarce in Australia

Published in new car financemortgage brokerhome finance by Vicky Edema |
The world economic global crisis has had a huge and negative impact on the car finance industry in Australia because the major suppliers of car finance here have recently withdrawn from the car finance market. GE Money and GMAC who are believed to have had at least 60% of the car finance market in Australia have suddenly withdrawn from this market. While GE Money has continued to play in the
Nov 10

Home finance – yes it is still available in Australia and at good rates

Published in mortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
If you are in the market for home finance then the best bet is to speak with a mortgage broker who will have access to a wide range of home finance product and will be in a position to recommend the right home finance for you. Once an experienced mortgage broker has discussed your home finance needs with you and ascertains whether you prefer home finance with all the “bells and whistles” or
Nov 10

A good mortgage broker may soon be hard to find!

Published in mortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
What is happening in the mortgage broker space in the Australian finance market? With the global credit crisis continuing, the face of the home finance sector of the market is changing. Until recently Australians enjoyed sound competition between the banks, credit unions and non-bank sector. Because of the myriad of home finance packages and investment loans available a role developed for the
Nov 10

Car Finance under threat in Australia but there is still good car finance available

Published in new car loannew car financemortgage broker by Vicky Edema |
Car dealers and lease brokers are anxious as a result of GE Money’s withdrawal from the Australian car finance market. Only in September GE Money was reassuring business partners that it was “here for the long term” was “funded for 2008” and had “liquidity” at “competitive rates”. This all went out the window recently when GE Money announced that it was withdrawing from the car finance markets
Oct 20

The emergence of the mortgage broker in the Australian mortgage industry?

Published in mortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
During the 1990s there was huge growth in the number of mortgage brokers providing services to borrowers looking to purchase, refinance or endeavouring debt consolidation. This came about because of a number of factors prior to this time

1. the choice of mortgages available to borrowers was pretty limited. You didn’t really need a mortgage broker if the decision was simply whether to take an
Oct 20

Car finance in Australia – don’t go with the dealership until you have checked out other car finance

Published in new car loannew car financemortgage broker by Vicky Edema |
The mistake many buyers make when they are looking to purchase a new car is to settle their car finance with the dealership. Certainly there may be times that the car finance offered by the dealer is competitive but as a general rule you will find a better car finance package through other financiers in the car finance space. All too often, buyers of a new car are swept up in the emotion of
Oct 19

Don’t deal with just any mortgage broker – deal with a mortgage broker who is a member of the Mortga

Published in new car loannew car financemortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
I am an Australian citizen based in the UK and have been looking to purchase a property in Australia in anticipation of my returning home over the next few years. I had initially thought I would apply to my own bank but after speaking with an expatriate friend who recommended I seek the services of a mortgage broker, I did exactly that.

I asked my buddy what one should look out for when
Oct 19

In Australia, what does a mortgage broker offer you?

Published in new car loannew car financemortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
While the banks have been trying hard to undermine the role of a mortgage broker in the new home loan application process, there is no doubt that borrowers who utilise the services of a mortgage broker are much better informed and invariably obtain a home loan that is better suited to their needs.

If a home loan borrower approaches their own bank for a home loan one would hope that the bank
Oct 19

Do not underestimate the value of a mortgage broker in Australia

Published in new car loannew car financemortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
Many banks have recently taken advantage of the global credit crunch to reduce the commissions paid to a mortgage broker within a bank’s mortgage broker distribution network. Over the past 15 or so years, the majority if not all of the banks have relied on mortgage brokers to generate a significant portion of their new business. Why did the banks cultivate this distribution channel so fervently?
Sep 25

Mortgage Brokers In Australia

Published in mortgage brokerhome loan financehome financecheap home loan by Vicky Edema |
Mortgage Brokers In Australia most people go to mortgage brokers to get access to a greater range of mortgage options, for better service and for the mortgage broker's ability to negotiate with lenders. A mortgage broker offers loans from a panel of financial institutions, including banks and non-banks. In Australia there are literally hundreds of lenders with many options, that were
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