Categories for Lender

NeoBank would you use one

1/10/2019
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Digital banking: Compare neobanks in Australia Learn how a digital neobank could benefit you and how you can get started with one today. Like many other parts of our lives, banking is becoming increasingly digital. Australia has a number of new digital banks, also called neobanks, promising to revolutionise the financial industry through the use of world-class technology and digital services. Learn about some of Australia’s new digital banks in this guide and how a completely digital bank is different...

Have you considered some Loan saving tips

7/8/2019
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It’s been two months since the RBA started cutting rates, here’s what you should have done by now Lucy Dean Yahoo Finance 6 August 2019 It’s been nine weeks since the Reserve Bank of Australia began its campaign of rate cuts, and if you haven’t been making the most of it, you’re looking at thousands of dollars down the drain. The RBA cut rates by 0.25 per cent both in June and July, bringing the official interest rate to a record low...

What does Finance Pre-approval mean?

26/3/2017
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Confused about home loan pre-approvals? Here’s everything you need to know before you start house hunting. What information do you need? First, your broker will want to build a comprehensive picture of your finances. To do this, you’ll need to provide evidence of everything including: Pay slips and tax returns for your income. Title deeds for tangible assets (i.e. physical items such as buildings, machinery and inventory), and Portfolio statements for intangible assets (non-physical items such as copyrights and patents). Loan...

MORTGAGEE SALES – AN EXPERIENCED AGENT EXPLAINS THE PROCESS AND THE PROS & CONS

2/1/2017
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When a potential investor or buyer hears the term “mortgagee sale” or “repossession” you can often see the dollar signs in their eyes. There is a common view that mortgagee sales come with a lower than market value price. This can be correct in some cases, however thorough due diligence should be conducted before purchasing this type of property. Below we will look into the usual process in WA for mortgagee sales, as well as the pros and cons of...

Garnishee Order

2/2/2016
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A garnishee order is an order issued by the Court requiring the party to whom the order is addressed to make payments in satisfaction of a judgment debt to the judgment creditor. (Some courts now refer to garnishees as money redirection orders). The third party to whom the order is addressed is the “garnishee”. Under a garnish order the garnishee is directed to pay money that would ordinarily be payable to the judgment debtor directly to the judgment creditor or...

Five Points to consider when interests rates are low…

10/1/2016
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Favourable interest rates are a borrower’s best friend, but should you lock in a low rate or go with a variable rate? Here are five things to consider. 1. How low can rates go?Interest rates are at historically low levels and the current outlook suggests there may be further cuts in the medium-term future. If you lock in your rate now, you won’t reap the benefits of later decreases. The question is: how low do you think the rate will...