A combination of tighter home loan lending regulations and the uncertainty in our new COVID world have made looking after your living expenses an essential part of creating a more secure future for you and your family. Many people are finding out the hard way that it’s not as easy to get a home loan approved as it used to be. The simple reason for this is that financial regulators have set tighter rules for lenders. Now they are required to look more closely at your daily living expenses to…

If you are experiencing mortgage stress, now’s the time to get on the front foot with your lender. As your mortgage broker, we can help you prepare and plan for the unknown. It’s no surprise that the outbreak of COVID-19 has caused a huge increase in mortgage stress. According to the Australian Banking Association (ABA), more than 485,000 mortgage repayments were deferred between February and June this year. IS THE CLIFF COMING? Experts and commentators have been warning us of the impending cliff that’s coming. Lenders have been giving borrowers…

“New neo bank blitzing the competition on turnaround time to approval!” Recently we had an amazing experience with a new digital bank who delivered what they promised (& with lightning speed!). Clients were already pre-approved and had purchased their new home. One of the applicants was receiving a top-up payment from JobKeeper and the lender where they were pre-approved would not accept their application due to their stance on this JobKeeper payment. Andrew created a backup plan with 86 400 who approved the loan within 3 hours of being submitted…