Tag: mortgage calculator
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Australian Mortgage Broking Sector Thrives with Record Loan Volumes
The mortgage broking sector in Australia is experiencing unprecedented growth, as revealed by the latest report from the Mortgage & Finance Association of Australia (MFAA) Industry Intelligence Service (IIS). The report, covering data up to September 2024, highlights record-breaking loan volumes, broker numbers, and market share. This expansion is a testament to the increasing reliance…
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First National Financial: Diverse Mortgage Options for Canadian Borrowers
First National Financial, established in 1988, is a prominent non-bank mortgage lender in Canada. It is known for providing residential, commercial, and sub-prime mortgages through a network of mortgage brokers. Managing over $100 billion in mortgages, First National Financial offers a wide range of mortgage options, including products tailored for self-employed individuals and those with…
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Brokers Navigate Major Banks’ Shift to Proprietary Channels
Major banks are increasingly focusing on their proprietary channels, sparking concern among brokers about their future role in the industry. The commitment of banks like CommBank, Westpac, NAB, and ANZ to both brokers and proprietary channels has been highlighted, with initiatives aimed at supporting brokers and streamlining the lending process for customers. TI Financial Calculator…
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Rate Cut Sparks Surge in Property Market Activity
The recent decision by the Reserve Bank of Australia to cut the cash rate for the third time this year is expected to have a significant impact on the property market in the upcoming spring season. This rate cut, bringing the cash rate down to 3.60 per cent, is likely to fuel a surge in…
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Rising Consumer Debt Threatens Australian Household Financial Stability
In Australia, the dynamics of household debt have long been a topic of interest in the realms of economics and finance. Unlike many other advanced economies that have worked to reduce their household debt burdens, Australia has seen its households maintain high levels of debt relative to incomes over the past few decades. TI Financial…
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Australian Homeowners Boost Mortgage Repayments Amid Surging Interest Rates
Australian homeowners are grappling with a significant surge in mortgage interest rates, with a nearly 20% increase reported compared to a year ago, as revealed by analysis conducted by Money.com.au. TI Financial Calculator Texas Instruments Financial Calculator, Black, IIBAPL/TBL/1L1/C | $70.55 This surge translates to an additional $4.8 billion paid to financial institutions over the…
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RBI’s Rate Cut to Boost Real Estate Market Outlook
The Reserve Bank of India’s Monetary Policy Committee recently announced a 25 basis points cut in the repo rate to 6.25%, marking the first rate reduction in almost five years. This decision, made under the leadership of newly appointed RBI Governor Sanjay Malhotra, is expected to have significant implications, particularly in the housing sector. Artificial…
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Reserve Bank’s Potential Interest Rate Cuts: Economic Impact Analysis
The anticipation of potential market instability has led to speculations of up to four interest rate cuts by the Reserve Bank of Australia. This decision could see the cash rate drop to 3.6 per cent, offering relief to mortgage borrowers and stimulating economic activity. The Ultimate Guide for Home Buyers in Australia 2025 | $16.39…
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Own Home Loans Founder Redefines Mortgage Industry Standards
Rory Sercombe, the founder of Own Home Loans, has carved a niche in the mortgage broking industry by offering more than just home loans. With a background spanning banking, broking, and business, Sercombe brings a unique blend of expertise to the table. His customer-centric approach and focus on long-term wealth creation set him apart in…
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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…