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August 2015 RBA Interest Rate decision

As APRA tightens the rules on property investment lending, the Reserve Bank of Australia has decided to keep the official cash rate on hold at 2.0 per cent during its August meeting today.
The news was widely expected by analysts as the RBA waits for business and consumer confidence to improve following its rate cuts […]

July 2015 RBA Interest Rate decision

At its first meeting for the new financial year, the Reserve Bank of Australia (RBA) has today elected to keep the official cash rate on hold at 2.0 per cent.
The news was widely expected by analysts as the RBA waits for the economy to adjust to its rate cuts in February and May this […]

Northern beaches home ‘Rightsizing’ with Belinda Grundy

Forget the ‘Upsize;’ it may be that time in your life when you want to ‘Downsize’, or more appropriately, ‘Rightsize’!
Recently, I caught up with Belinda Grundy, who is probably Australia’s queen of rightsizing homes. Belinda explained that there is a growing movement of people downsizing their personal housing footprint on the northern beaches, in […]

June 2015 Newsletter

 In this issue:

June 2015

Welcome to our June newsletter
Can you believe how time flies? Winter is here and we are rapidly approaching the end of the financial year already! That makes it a great time of year to get that new car, or buy new equipment for your business, so if you need financing for […]

June 2015 RBA Interest Rate decision

Winter is here, but our property markets are running hot! The Reserve Bank of Australia has decided to keep the official cash rate on hold at 2% at its monthly Board meeting today.
Whilst the decision was widely expected, it was made amongst speculation that there is another rate cut on the horizon this year, […]

Avoid or at least reduce Lenders Mortgage Insurance

Lender’s Mortgage Insurance (LMI) is an insurance product that protects the lender in the event that the borrower defaults on payments. Lenders usually insist on having mortgage insurance for loans higher than 80% Loan to Variation Ratio (LVR).

The insurance can cost from $1,000 to $50,000 because it’s calculated using a complex matrix taking into […]

March 2015 Newsletter

 

 In this issue:

March 2015

Welcome to our newsletter
Autumn has arrived and across Australia, property market activity is picking up after a relatively quiet summer period. It’s looking like we can expect an even busier autumn property season than last year in most cities.

In the first week of March, the Reserve Bank of Australia (RBA) held […]

Family Pledge loans

Family Pledge home loans allow a family member to ‘pledge’ an extra security (property or cash) to add to the property being purchased, so that the total loan required is under 80% of the combined value. Whenever a loan is above 80%, Lenders Mortgage Insurance (LMI) is needed to protect the bank in the […]

By |February 25th, 2015|Uncategorized|0 Comments|

Credit reports may be dramatically affected by new privacy laws

Privacy of information is very important for all of us and there has been a major reform recently. Mostly its all good news for individuals as many rules have become tighter, however it also coincides with some other credit report changes that you need to know about.

As of March 14, 2014, credit reporting services […]

Mortgage broker northern beaches, and serving Australia Wide.

Welcome to the new website for Property Finance Professionals, a firm which was established as a mortgage broker on the northern beaches in 2003. Times change, technologies change and with the business now over 10 years old, it was time for another website update. Communication styles have also changed and the web is such an […]