Archive for October 2014

Reserve Bank forecasts more property growth (Oct 2014)

The Reserve Bank of Australia has adopted a gloomy view of the overall economy but it remains optimistic about the housing marketing. It has stated that low interest rates, strong population growth and a retargeting of government grants had helped generate a “strong recovery” in housing investment.   Looking forward, there are several indicators that…

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Predictions for the building market

The new residential dwellings market has picked up in late 2013 and during 2014. This growth is predicted to continue for the next three years. These forecasts are from the Master Builders Association. The forecasts are derived from a sophisticated model purposely built for the building and construction industry developed by the Master Builders Association…

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Banks and how they brand themselves

No surprise, mortgage brokers are not the only ones that consumers are wary of. Banks also come under scrutiny. In a recent survey conducted by Ehrenberg-Bass Marketing Institute for People’s Choice, here is what the current perception was of banks: The majority of those surveyed (a whopping 84% in fact) felt that banks should have…

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What do people really think about mortgage brokers?

Mortgage brokers have been around for a couple of decades in Australia but despite this, many people still have a few misconceptions about using a mortgage broker. It costs more to use a broker: mortgage brokers are paid by the bank. Mortgage brokers are allowed to charge a fee to their clients but most don’t.…

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Credit rating myths

We meet so many people who are extremely worried about their credit rating and quite often, this is completely unfounded. There are many misconceptions about what will and will not have an impact on your credit rating. Here are some of the most common myths around a credit report. Myth #1: “I always pay my…

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Why refer your clients to us?

Mortgage brokers have been around for a long time in Australia so most people are aware of the benefits of using a broker to get the best deal on their home loan. But there are plenty of mortgage brokers out there so what makes FinanceCorp different? We value our referral partners: as a real estate…

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What is LMI?

Lenders Mortgage Insurance or LMI is the name given to an insurance product that lenders will force a borrower to undertake when they fail to meet certain criteria. Typically, a lender will request the borrower takes out LMI when their deposit is lower than 20%. This can allow a borrower to take their borrowings up…

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Taking care of property investors

We understand that the real estate market is full of different groups of people. Property investors are a group that in themselves can be very diverse. Some investors are extremely savvy and know exactly what they are doing, whilst others are new and need some support and guidance. Whatever the investor profile, we are happy…

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