A certain “set and forget” mentality slips in with mortgages. Money leaves your account to nibble on your mortgage. Meanwhile, you get on with other things. But here’s the question — if you have an interest only mortgage (IO) when does it switch to principal and interest (P&I)?
After five years of stunning price growth, Australian residential property prices have just fallen for the eleventh month in a row according to a recent report from Core Logic.
Last Friday, Commissioner Kenneth Hayne released his interim report into the Banking and Finance industry which, at this stage, raises more questions than answers. The final report is due out in February, 2019 however with all the media commentary over the weekend, I thought I’d take the opportun...
With the recent leadership spill - many questions have been raised. What does it mean for Australians and the housing market? Two things come to mind…
Westpac has broken the rate rise stalemate between the Big4 when it decided to raise home loan interest rates. With the official cash rate staying put by the Reserve Bank of Australia (RBA) and 3 of the Big4 now with a rate rise in play, who else will play copy cat and hike up their rates too?
While there’s a lot to know when it comes to getting competitive, hassle-free advice on a loan, the question remains do you go with your bank or a mortgage broker?
Paying off your mortgage becomes second nature, like walking your dog or cleaning your teeth. But should you look at how you could pay it off sooner?
Australia's housing market has been running at full pelt since 2012 and is now taking a breather. Spectacular growth can be interesting with some sale prices below purchase prices.
The RBA minutes are published two weeks after each meeting and, while they’re probably not recommended as fascinating holiday reading, they do provide great insight into the rationale of decisions and how the RBA board sees the economic future of Australia.
Loan Market Double Bay director Daniel Pym has received the prestigious title of Residential Mortgage Broker of the Year at the Real Estate Business (REB) Awards held Thursday 19 July at The Star, Sydney.
More and more Australians are choosing brokers when it comes to getting a home loan. Recent numbers sourced by Mortgage and Finance Association of Australia (MFAA) have shown that broker demand is on the rise.
As a broker, my job is to make sure you have the right loan to reach your goals. It's also my job to make sure you're protected from the good, the bad and the ugly when 'life happens'
Family-owned finance group, Loan Market has dominated the 2018 Australian Broker Awards, winning six titles including ‘Major Brokerage of the Year – Franchise’, more than double any other brand.
