News and Media
By Mortgage Street

Supporting Borrowers in Arrears: Benefits for Mortgage Brokers
Mortgage brokers play a key role in assisting clients who face arrears, providing valuable opportunities to build stronger relationships and grow their businesses. By helping borrowers navigate these complex situations, brokers can differentiate themselves and establish a strong reputation in the market. A Niche Opportunity Borrowers in arrears often struggle to find suitable solutions, which presents a unique niche for brokers to capitalise on. By offering personalised advice and tailored financial options, brokers can position themselves as trusted experts in resolving arrears-related challenges. This expertise can lead to new referrals and foster long-term client loyalty. Building Trust and Client Relationships When brokers assist clients in arrears, they demonstrate both empathy and problem-solving skills. As a result, brokers build trust and form stronger relationships. Clients who receive support during difficult times are more likely to return for future services. This not only increases business opportunities but also boosts the likelihood of
By Mortgage Street

How Should I Compare Home Loans?
Brokers who are assisting their clients with home loan products should be prepared to answer any questions or concerns that arise, including informing clients on the best ways to compare home loan options. It is highly recommended for clients to thoroughly research and compare the home loan products available to them to ensure they decide on an option that works best with their needs. Clients can go about this process by selecting a trusted broker they wish to do business with and researching the various loans being offered, then comparing them against one another to determine which option has the best interest rates, terms, and repayments for their individual needs. There are various features of a home loan that clients should compare against other home loans, including the following: Loan Features: line of credit, offset accounts, redraw, and fees associated Interest Rate per Year: interest rates being advertised by brokers
By Mortgage Street

Your Home’s Equity can be Your Deposit for Your Next Home
Does your lender have your sights on a second home or property? That lender can maximise their buying power of their next home by utilising their current home’s equity! With a lender’s accrued equity in their existing home, they may be eligible to use up to 80% of that equity towards their next home or property purchase. Home equity loans. First, the lender will need to provide their mortgage broker with validation paperwork and even other supplemental paperwork to validify the reasoning behind buying a second home under a home equity loan. A letter from a conveyancer should suffice and be included within your loan application. The lender should also be able to convey to their mortgage broker that your property will be used as a security where its equity will be used as a deposit to support a second home loan. If you are approved, your mortgage broker may
Others
Your Home’s Equity can be Your Deposit for Your Next Home
Does your lender have your sights on a second home or property? That lender can...
Read MoreYour Home’s Equity can be Your Deposit for Your Next Home
Does your lender have your sights on a second home or property? That lender can...
Read MoreYour Home’s Equity can be Your Deposit for Your Next Home
Do you have your sights on a second home? You can maximise the buying power...
Read More