• Brokers will need to become ‘mortgage advisers’: Fintech head Mortgage property with contract

    Mortgage brokers will need to move to become “mortgage advisers” or risk being left behind, the head of an artificial intelligence robo-advice platform has told attendees at The Adviser Asia Study Tour 2018.

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    Lenders to look at brokers ‘understating’ expenses

    The head of a non-bank lender has warned brokers that lenders will increasingly look at “brokers understating their expenses” as the regulator cracks down on benchmarking.

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    Steps to a Successful Home Staging

    When it comes to selling your home, you want to take the time to make it irresistible to buyers. This will help you price your home in a way to realistically achieve the maximum profit. One of the primary steps towards your ultimate sales goal is to stage your home. Home staging goes a bit further than simply preparing your house for sale. It involves setting a specific welcoming scene to intrigue potential buyers. With the use of interior decoration tips and well thought-out design, you can turn your basic property into a seductive and stunning home.

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    Below is a link to an important study prepared for the “The Economist”, a renown Global organisation that provides valuable information for the business community. For those that are wanting to plan their business direction over the next few years this is a worthwhile read. “The Path to 2020: Marketers Seize the Customer Experience” – a report based on a global survey of 499 CMOs and senior marketing executives, plus in-depth interviews with leading CMOs. The research explores which technologies and customer trends are likely to change marketing organisations...[read more]

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    How To get a Business Loan

    When applying for a business loan, it's essential to prepare a detailed business plan and fully inform the lender about your proposed venture. This information helps your finance broker and lender to provide you with guidance towards the right type of finance. Decisions to make Deciding that your business needs a loan is only the first step. There are a number of things to consider; how much do you need to borrow; what type of loan will you need; how long will you need it for; can the business afford to repay the loan, interest and any one-off or ongoing fees that come with the loan; what ...[read more]

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    Five Simple Ways To Increase Loan Repayments

    Paying off a mortgage can seem relentless – every payment counts of course, but it can seem to be taking forever to make a dent. Here are some simple ways you can increase the amount you pay off and own your home sooner. Reducing the principle on your mortgage as quickly as you can means paying less interest, so your future payments are going even further towards reducing that principle. To find the ideal balance between the extra repayments you can afford to make and the time this will shave off your mortgage term, use a mortgage calculator. For example, on a $350,000 loan at six per cent ...[read more]

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    No Deposit? No Worries

    If you have a stable income but don’t have the cash for a deposit, an expert may help find a way to turn your dreams into reality. Robert and Brooke had a good, solid income but they didn’t have a sufficient deposit to be able to buy a property. They had been knocked back after visiting various lenders, but, when they went to see their local MFAA Approved Finance Broker for help, it turned out that they just hadn’t been given good advice. Their finance broker suggested that they take a different approach and use family equity in place of a deposit. This meant including the value of the ...[read more]

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    How Much Deposit Do I Need For A Home Loan?

    Usually 20-30%. Traditionally, you’ve needed at least 20% deposit to get a home loan. It’s all about loan to value ratios (LVRs). Loan to value ratio (LVR) – what the lenders look at When lenders talk about mortgage deposits they refer to loan to value ratio (LVR). LVR is the loan amount divided by the value of the property. Let’s say you want to buy a property with a purchase price of $200,000. If you have a deposit of $40,000, your LVR is 80% (160k/200k). The critical LVR – 80% The critical LVR figure as far as lenders are concerned is 80%. If you don’t have 20% of the purchase ...[read more]

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    Where Should I Start Looking For A Home?

    (Hint. It’s not a real estate agent’s window.) When you want to buy a home, the temptation is to start looking for it. However it’s much smarter to organise your finance first. And don’t just pre-qualify for a home loan – get preapproved! Why you shouldn’t find your home first You find it. Your dream home. A place with “character”, near the beach, with three-and-a-half bedrooms, walk-in pantry, off-street parking, and access to good public schools for the kids you don’t have yet. You pay for inspections, have your offer accepted, and brief an architect on your renovation ...[read more]

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    10 Questions To Ask Your Finance Broker

    You’ve saved your deposit and you’re ready to start looking at properties, but have you considered all the details? Here are 10 questions to which you need answers. How do I choose the right finance broker? Look for a finance broker who’s a member of the MFAA (Mortgage & Finance Association of Australia). MFAA members must hold diploma standard qualifications and maintain continuing professional development. Plus, should anything go awry, your complaints may be investigated by the MFAA’s Tribunal. How many properties should I look at before buying? A good rule of thumb is to ...[read more]

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