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Mortgage broker market share has increased significantly over the past four years. Brokers originated 73.7% of all new home loans in the June 2024 quarter, according to data from Comparator, which was commissioned by the Mortgage & Finance Association of Australia. That compares to 57.0% in June 2020. A large majority of consumers now realise that brokers provide better service than banks. If you make a home loan enquiry with your bank, they’ll tell you only about their own products. But if you make the same enquiry with a broker, they’ll compare loans from a diverse range of lenders, thereby increasing your chances of getting a better deal. #newlookhomeloans #mortgagebrokeraustralia #mortgagebrokergoldcoast #mortgageadvice #mortgagebroker #mortgagerates #mortgagetips #refinance #refinancemortgage #refinanceyourhome #refinanceyourmortgage #finance #financetips #financegoals #RBA #RBAannouncement #goldcoastrealestate #InflationUpdate #budgetingtips #SmartSpending #stayinformed #FinanceTalks #economy #homeloans #interestrates

Mortgage broker market share has increased significantly over the past four years. Brokers originated 73.7% of all new home loans in the June 2024 quarter, according to data from Comparator, which was commissioned by the Mortgage & Finance Association of Australia. That compares to 57.0% in June 2020. A large majority of consumers now realise that brokers provide better service than banks. If you make a home loan enquiry with your bank, they’ll tell you only about their own products. But if you make the same enquiry with a broker, they’ll compare loans from a diverse range of lenders, thereby increasing your chances of getting a better deal. #evokecapital #financebroker #mortgagebroker #mattspears #finance #lending #property #realestate #mortgage #australia

Are borrowers becoming complacent about high interest rates? ⁣ Lending data from the ABS shows refinancing was down 12% in late 2023 compared to the year before. ⁣ So are we learning to live with high rates or are there still savings to be made by switching? ⁣ Well, perhaps it's not time for complacency just yet. ⁣ We're still seeing big variations in home loan rates. ⁣ Switching to a lower rate loan could put money back in your hands.⁣ ⁣ So don’t be left wondering – try and find out if you could do better. ⁣ Talk to us today about a home loan review, we’ll let you know how your mortgage shapes up against the market. ⁣ To find out more, DM us or contact Client Mortgage Services on: ☎ – 0493 141 356 💻 – damian@clientmortgageservices.com.au 🖱 – https://lnkd.in/gq-3BztF Credit Representative 448075 is authorised under Australian Credit Licence 389328. Your full financial situation, needs and requirements need to be assessed prior to any offer or acceptance of a loan product. #clientmortgageservices #investment #property #mortgagebroker #mortgage #homeloan #refinance #investors #firsthomebuyers #melbourne #melbournefinance #melbournemortgagebroker #melbournehomeloans #melbournerealestate #melbourneproperty #victoria #victoriaproperty #victoriarealestate #victoriabroker #victoriafinance #victorialoans

Mortgage broker market share continues to surge! 📈 Mortgage and Finance Association of Australia (MFAA) has reported more than 7 out of 10 borrowers choose a mortgage broker over a bank/lender direct. So why do borrowers opt for a broker rather than going directly to the banks? ✅ A wider range of choice in their home loan decision ✅ Access to every bank in the country ✅ Greater flexibility ✅ Solutions focus approach ✅ Ongoing rate reviews …and the best part their service is free ✅ For more info, link in my bio. #mortgagebroker #marketshare #finance #realestate #financialfreedom #aussiewide

Brokers originating three-quarters of new home loans 💁♂️💁♀️📝 Mortgage broker market share has increased significantly over the past four years. Brokers originated 73.7% of all new home loans in the June 2024 quarter, according to data from Comparator, which was commissioned by the Mortgage & Finance Association of Australia. That compares to 57.0% in June 2020. A large majority of consumers now realise that brokers provide better service than banks. If you make a home loan enquiry with your bank, they’ll tell you only about their own products. But if you make the same enquiry with a broker, they’ll compare loans from a diverse range of lenders, thereby increasing your chances of getting a better deal. LMS Takeaway - We work with the best in the business in our professional network. If you need a broker, or want a second opinion to optimise your position, contact us today. You'll get the best results when you have an amazing TEAM supporting you. #property #realestate #investing #homeloans #mortgagebrokers #realestateaccountants

Your Credit Score: Key to Unlocking Your Dream Home So you've found the perfect house, but can you afford it? Your credit score plays a vital role in getting a mortgage and shaping the terms you qualify for. Here's why: Trust Factor: A high credit score tells lenders you're a responsible borrower with a history of on-time payments. This makes them more confident lending you a large sum for your home. Interest Rate Magic: A good score unlocks the door to lower interest rates on your mortgage. This translates to significant savings over the life of your loan – potentially hundreds of thousands of dollars! Loan Eligibility: A low credit score might limit your borrowing options or disqualify you from certain loans altogether.This could restrict the type of home you can afford 👉🏽https://lnkd.in/edS6u5Sm THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Your Property Financial Ltd (FCA Number:942504) which is an appointed representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading style of Personal Touch Financial Services Ltd (FCA Number: 187834) which is authorised and regulated by the Financial Conduct Authority. We usually charge a fee for mortgage advice. The amount of the fee will depend upon your circumstances and will be discussed and agreed with you at the earliest opportunity. The Financial Conduct Authority does not regulate some forms of buy-to-let, overseas and commercial mortgages. #yourpropertyfinancial #mortgagebrokers #mortgageTips #firsttimebuyermortgage #HomeLoan #mortgage #mortgageadviceuk #mortgageforgenZ #mortgagebrokertips #mortgagebrokerhelp #mortgageadvicenearme #getmortgagenow #mortgagebrokerqanda #propertyinvestment #landlordlife #financialfreedom #creditscore #creditscoreformortgage

🤔 Are borrowers becoming complacent about high interest rates? 🤔⁣ ⁣ Lending data from the ABS shows refinancing was down 12% in late 2023 compared to the year before. 📉⁣ ⁣ So are we learning to live with high rates or are there still savings to be made by switching? ⚖⁣ ⁣ Well, perhaps it's not time for complacency just yet. 😅⁣ ⁣ We're still seeing big variations in home loan rates. 🙌⁣ ⁣ Switching to a lower rate loan could put money back in your hands.⁣ ⁣ So don’t be left wondering – try and find out if you could do better. 👍 ⁣ ⁣ Talk to us today about a home loan review, we’ll let you know how your mortgage shapes up against the market. 👇⁣ ⁣ To find out more, DM me or contact Next Step Mortgage Broking on: 📞 - 0422 854 342 💻 - enquiries@nextstepbroking.com.au #nextstep #nextstepmortgagebroking #homeloans #mortgage #finance #refinancing #mortgagebroker #home #investmentproperty #firsthomebuyer #fhlds #bundoora #bundooraproperty #bundoorarealestate #melbourne #melbournerealestate #melbourneproperty #melbournemortgagebroker #melbournebroker #melbournefinance #melbourneloans #victoria #victoriaproperty #victoriarealestate #realestatemelbourne

There are many benefits to using a professional mortgage broker for your next mortgage deal: Market Knowledge: completing mortgage applications is our day job - we know where to look to source you the most suitable deals. Often headline rates are not much more than that - a headline - those super amazing rates are not always available to all. Did you know that lenders have their own lending criteria and different definitions? Even simple words like "first-time buyer" mean different things to different lenders. We make sure that we check their criteria to make sure you meet their specific criteria to ensure that your application is processed as swiftly and as pain-free as possible.   We have access to products you may not be aware of and steer you away from products that look great on the surface but do not represent fair value for money when looking at the small print. We are fully qualified and regulated and are loyal to you and alone. We look after your best interests and not that of the lender. Contact us today:  https://lnkd.in/epx3TG52 #PennFinancial #MortgageBroker

🤔 Are borrowers becoming complacent about high interest rates? 🤔⁣ ⁣ Lending data from the ABS shows refinancing was down 12% in late 2023 compared to the year before. 📉⁣ ⁣ So are we learning to live with high rates or are there still savings to be made by switching? ⚖⁣ ⁣ Well, perhaps it's not time for complacency just yet. 😅⁣ ⁣ We're still seeing big variations in home loan rates. 🙌⁣ ⁣ Switching to a lower rate loan could put money back in your hands.⁣ ⁣ So don’t be left wondering – try and find out if you could do better. 👍 ⁣ ⁣ Talk to us today about a home loan review, we’ll let you know how your mortgage shapes up against the market. 👇⁣ ⁣ To find out more, DM us or contact Loanworx on: ☎ – 1300 562 696 💻 – admin@loanworx.com.au #loanworx #homeloans #mortgage #finance #refinancing #mortgagebroker #home #investmentproperty #firsthomebuyer #fhlds #refinance #melbourne #melbourneproperty #melbournerealestate #melbournebroker #melbournefinance #melbournemortgagebroker #westmelbourne #westmelbourneproperty #westmelbournemortgagebroker #westmelbournerealestate #victoria #victoriaproperty #victoriamortgagebroker #victoriarealestate #victoriafinance #victoriabroker #victoriasmallbusiness

Got some new and increasing metrics here for the MBA Mortgage report. It seems rates are increasing with a decreasing trend in application submissions along with a slight decrease in refis. Been a tough few weeks in lending! #rates #mortgage #economics #finance #academics #homes #interestrates #macroeconomy