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 …
29
04.11
2:43
So you’ve got your finance pre-approved and it’s now time to buy a property knowing you have your finance sorted. Wrong!
A pre-approval is simply and indication from a lender that thay are willing to consider providing finance to a set level.
Although it is usually a good idea …
04
04.11
5:33
28
03.11
3:12
Generally lenders are happy with the risk of an 80% Loan to Valuation Ratio (LVR). That is, your deposit or capital is 20% of the purchase price or property valuation. So what happens if you don’t have a 20% deposit?
Beyond this LVR, the lender seeks to transfer the …
21
03.11
12:26
In a nutshell, Character refers to your overall suitability as a borrower based on past behaviours. Even if you have good Capacity, Collateral and Capital, a poor assessment of your character may lead to difficulty in obtaining finance.
Lenders prefer to see stability in employment and residence when assessing applications …
18
08.10
4:19
Self-employed business owners taking advantage of every claim at tax time could be severely limiting their borrowing capacity.
Independent business owners, contractors, freelancers and consultants in the market to buy a home or investment property needed to be mindful of the tax deductions they were making or intended to make. We …
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 …
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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