Blog Entries tagged 'home loan finance'

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

Vicky Edema — Tue, 11 Nov 2008 00:00:00 +0100

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 rather just a basic home finance loan then he or she will be better able to suggest a few good home financ [...]

A good mortgage broker may soon be hard to find!

Vicky Edema — Tue, 11 Nov 2008 00:00:00 +0100

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 mortgage broker. By securing the services of a good mortgage broker, a borrower could be pretty confiden [...]

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

Vicky Edema — Tue, 21 Oct 2008 00:00:00 +0100

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 interest only investment loan or a principal and interest home loan. The features within mo [...]

Don�t deal with just any mortgage broker � deal with a mortgage broker who is a member of the Mortga

Vicky Edema — Mon, 20 Oct 2008 00:00:00 +0100

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 retaining the services of a mortgage broker? His advice was to deal with a mortgage broker who i [...]

In Australia, what does a mortgage broker offer you?

Vicky Edema — Mon, 20 Oct 2008 00:00:00 +0100

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 will offer them the best deal they have available for that customer. A mortgage broker can o [...]

Do not underestimate the value of a mortgage broker in Australia

Vicky Edema — Mon, 20 Oct 2008 00:00:00 +0100

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? The banks paid commission to a mortgage broker only once a home loan had settled. This was seen to be [...]

Mortgage Brokers In Australia

Vicky Edema — Fri, 26 Sep 2008 00:00:00 +0100

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 traditionally available in the past and competition amongst lenders for customers is fierce with new home loan [...]

Mortgage Broker � Take the stress out of finding the right loan for you

Vicky Edema — Fri, 26 Sep 2008 00:00:00 +0100

It became apparent to me after weeks of researching lenders, products, rates, etc, that I was fighting an uphill battle to find a loan that best suited my particular needs. It was then I decided to contact a mortgage broker, and for some strange reason, I had felt hesitant about contacting a mortgage broker in the past because I just didn�t know exactly what they were capable of doing for me. It�s only when I contacted a local mortgage broker (without identifying myself) that I began to unders [...]

A mortgage broker named Mark

Vicky Edema — Fri, 26 Sep 2008 00:00:00 +0100

A mortgage broker named Mark

Wrote home loans from dawn til dark

He would visit at home

Could arrange any loan

Was polite and bright as a spark!

But a mortgage broker named Dan

Was a devious and shifty man

If you went with his loan

You�d risked losing your home

Plus your family, your car and the can!

Yes, there is quite a difference between a dedicated and experienced mortgage broker and a mortgage broker who really ha [...]

What to look for in a mortgage broker

Vicky Edema — Mon, 08 Sep 2008 00:00:00 +0100

I recently needed the services of a mortgage broker and decided to check out the best way of going about finding a reputable one.
Here are some tips:

If you want to track down a good mortgage broker ask your friends if they have had any dealings with one that they could recommend. I asked around and was surprised to find how many of my mates used a mortgage broker when looking for home loan finance. I thought most of them would just go to their bank but all of them said that by [...]

A cheap home loan may not necessarily be the best one for you

Vicky Edema — Mon, 08 Sep 2008 00:00:00 +0100

I was at a BBQ on the weekend and a borrower friend was telling me about this terrific home loan finance he had just arranged through a mortgage broker. Another mate said that he didn�t see the need to use a mortgage broker because he simply applied directly to a lender who was advertising a cheap home loan deal. Well, that was 6 months ago and when I bumped into him recently he was seething. He felt he had been duped by his bank when taking that cheap home loan. Why? The cheap home loan gave hi [...]

Home loan finance � so much to choose from when you deal with a mortgage broker.

Vicky Edema — Mon, 08 Sep 2008 00:00:00 +0100

So often we settle for what is easiest or the most convenient. If you are looking for home loan finance you might think that the easiest course of action is to apply to your own bank. Well, it might be the easiest but it may not be the best or cheapest home loan available. Some borrowers don�t enjoy the prospect of applying for a new home loan directly with their bank. They don�t always have their financial papers in order, they are uncertain as tom what exactly is required for home loan financ [...]

Home loan finance � a mortgage broker is still your best option

Vicky Edema — Mon, 08 Sep 2008 00:00:00 +0100

Home loan finance � a mortgage broker is still your best option

If you are looking to purchase a new home and are unsure just what is involved in obtaining home loan finance then your best option is a good mortgage broker. A mortgage broker will have access to a wide range of home loan finance and will be able to quickly establish the most appropriate home loan for you. While you may think that the best course is a direct approach to your bank, in reality bank home loans invariably only offe [...]