Since the Royal Commission into banking, we’ve had banks doing all sorts of naughty things, getting caught for money laundering, not checking that people could afford their loans, and money laundering some more. Back when the Royal Commission findings were first announced, it seemed odd that mortgage brokers were being targeted in the recommendations that…

Read More

Just like home buying, purchasing a new car is always an exciting step in life. You’ve done your research and due diligence, you’ve read all the reviews of the car you want to buy, and you’ve begun seeing a lot more of that car on the streets. You haggle with the car salesman, and once…

Read More

Loyalty, one of the best traits to have in a friend, is one of the worst you can have when you’re dealing with any kind of financial institution. Loyalty will mean you pay more than the next person, and don’t get anything extra for it. When you sign up with a new insurer or bank,…

Read More

If you’ve ever played Monopoly, you know that having a lot of property goes a long way towards ensuring your wealth. But unlike Monopoly, it’s easy to underestimate just how hard you need to work to build a property portfolio that actually works and isn’t leveraged with debt to the eyeballs. For many would-be investors,…

Read More

Brokers around Australia breathed a collective sigh of relief recently as ANZ became the first major bank to lower their assessment rate. As they bravely took the plunge where no lender had recently, others began to follow suit. Due to a variety of factors, the last few years had seen banks systematically tightening credit, so…

Read More
Living expenses. Invasive or instrumental?

For anyone who has applied for a loan in the last 18 months or so, you may have been surprised by the sheer amount of intrusion into what you feel are your private spending habits. In an existing era, it seemed as if just having a pulse was the pre-requisite for obtaining a home loan.…

Read More

You want to ask your parents to go guarantor for you, but what do you need to know? Guarantor loans are a handy way to get started on the property ladder. In an era of increasing property prices and the corresponding increase in deposit sizes needed, they are the quickest way to get your foot…

Read More