From June 1, HECS debts rise by 7.1 per cent In Australia, the Higher Education Contribution Scheme (HECS) has long been a financial avenue for students to pursue higher education without upfront costs. However, as graduates embark on their professional journeys and...
As you know, having a good credit score is crucial when it comes to applying for a home loan. Unfortunately, many people in Australia have a low credit score, which can make it difficult for them to be approved for a mortgage. As a mortgage broker, you play an...
The hottest consumer application in technology today, AI Technology ChatGPT, is taking the world by storm. However, its usability can be used to empower small businesses as a strong solution for growth and efficiency. The property and finance sector is extremely...
As a service provider, one of the most fulfilling things is knowing that you have helped make a positive impact on someone’s life. And that’s exactly what we were able to achieve for our client, Lara P. From the moment Lara reached out to us, we could tell...
As a mortgage broker in Australia, it is important to understand the impact of interest rates on your lower income clients. Lower income earners often struggle to keep up with mortgage payments, especially when interest rates rise. This can result in missed payments,...
Estate agent shaking hands with customer after contract signature Mortgage brokers have for the first time recorded market share above 70% – facilitating 71.7% of all new residential home loans between July and September 2022. This is a record figure looking...
A new report has revealed six megatrends that mortgage brokers should have on their radar during the final months of 2022 and looking ahead for next year. On Friday, October 21, NAB launched Market megatrends 2022: Uncovering the opportunities for brokers, a...
New research from PEXA has revealed more than one million Australians refinanced their home loan over the past 12 months, saving an estimated $1,524 per year on average. The report also shows mortgage holders who refinance their mortgage to a new lender could save an...
Currently, the average rate on a 30-year fixed mortgage is 5.81%, compared to 5.55% a week ago. For borrowers who want to pay off their home faster, the average rate on a 15-year fixed mortgage is 4.98%, up 0.01% compared with the previous week. Homeowners who want to...
Squeeze looms for home buyers despite property price falls KEY POINTS The cost of living is on the rise, making it harder for your clients to save money for a home deposit.Some households who have higher expenses will not be able to borrow as much for a home...
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