With over 20 years of finance industry experience, Michael has what it takes to deliver a loan solution to meet his client’s individual needs.
05
10.11
6:38
New market research from CoreData has revealed that Australian mortgage brokers are more engaged with customers than banks or credit unions.
The survey saw mystery shoppers visiting mortgage brokers, banks and credit unions, scoring them over a range of criteria – and brokers came out on top, with a score of …
14
03.11
1:16
Capital refers to the cash deposit you contribute to a purchase and is sometimes referred to as “hurt money” by the lenders. i.e if something goes wrong with the deal, how much of your own money is in the deal.
Typically banks will advance 80% of the purchase price with …
06
03.11
11:35
Last time we discussed broadly the methods by which lenders assess your servicing capacity. This time we’ll look at Collateral.
Put simply, Collateral is the physical security you offer the bank to support your loan. With a home loan, the collateral is usually the house being purchased over which …
01
03.11
1:24
The slick marketing campaigns of the major banks have made front page news over recent days as all of the Big Four appear intent on growing their home loan numbers through the waiving of fees, reduced interest rates, new products and other enticements.
These offers come as a result of the …
09
08.10
2:44
Since the mid 90s Australian mortgage providers have been operating under well-constructed regulatory guidelines designed to encourage responsible lending.
One of the most successful aspects of these guidelines has been the Ability to Repay Test, which is commonly referred to as serviceability. Put simply, financial institutions must demonstrate they are satisfied …
03
08.10
1:20
Despite the fact that Australian mortgage holders seem to hold their collective breath at the beginning of every month in anticipation of the RBA’s decision, what really impacts on home-owners is the interest rate YOUR bank is charging you for YOUR home loan.
Most borrowers, thanks to bank marketing, would be …
P O Box 3466
Erina NSW 2250
Phone: 02 4367 4116
Mobile: 0414 445 146
Fax: 02 4367 5116
E-Mail: mconnors@smartline.com.au
Website: www.smartline.com.au/mconnors
Smartline are award winning mortgage brokers. We compare home loans and mortgages from over 25 different lenders and help make getting a home loan as simple and straightforward as possible. After all, the best home loan is the one that suits your personal circumstances and requirements.
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