by Michael | Mar 15, 2018 | Mortgage Broking
Loan sharks I came across a client last month who had been rejected because he took out a $600 payday loan from Cash Converters. Major banks don’t look favourably on customers when they see this type of loan in the credit history. In writing this article, I...
by Michael | Nov 15, 2017 | Mortgage Broking
Did you know… the impact credit cards have on your borrowing capacity? I regularly meet people applying for a home loan and I ask them the amount of their credit card limit. Most reply “I’m not entirely sure”, but then confidently follow up...
by Michael | Feb 19, 2017 | Home Loans
Couple #1 – I met a couple one evening, married for 12 months, both earning $80,000. I was happy to inform them that based on their earnings, the computer says “congratulations, you can borrow $1m!”. Couple #2 – This is actually the same couple...
by Michael | Sep 15, 2016 | Mortgage Broking
It used to be good to stay loyal with banks. Now, you may as well be disloyal, refinance and be rewarded. Clients regularly come to me and proudly announce that they’ve been with the same bank since they were little kids. They then ask me whether this puts them...
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