Tag: home loan guidebook
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Former Banker Leon Ng Revolutionizes Home Loan Experience with Zenith
Leon Ng, a former banker turned mortgage broker, embarked on a mission to simplify the home loan journey for everyday Australians. Ng’s transition to broking in 2019 was fueled by a desire to streamline the overwhelming loan process and act as a trusted advocate for clients. Witnessing the need for a more client-centric approach, Ng…
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ASIC Sues Westpac’s RAMS for Home Loan Misconduct
Corporate regulator ASIC has taken legal action against Westpac’s RAMS, accusing the lender of widespread misconduct related to home loans. The lawsuit alleges that RAMS failed to oversee its staff adequately, leading to instances of falsified pay slips and manipulated financial information on mortgage applications. These actions, according to ASIC, violated credit laws and involved…
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Regional Australia Bank Cuts Mortgage Rates to Attract Borrowers
Regional Australia Bank has made a significant move in the mortgage market by reducing its lowest two-year fixed home loan rate to 5.25% p.a., setting a new competitive standard. This rate cut is targeted at owner-occupiers with a loan-to-value ratio below 60%, offering them a favorable deal on principal and interest repayments. The bank’s decision…