CLICK Mortgages in Lutwyche, Queensland | Mortgage brokers

CLICK Mortgages

Locality: Lutwyche, Queensland

Phone: +61 405 517 177

Address: PO Box 474 4030 Lutwyche, QLD, Australia

Website: http://www.clickmortgages.com.au

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25.01.2022 Some ads have been appearing on TV about "loans some brokers won't even tell you about". Does this sound like it's because they're so good, or does it sound like it's because theyre so bad? Here's why you need to do some serious homework and research before you sign on the dotted line with a lender you never knew existed:... It's worthy of note that financial institutions represented by brokers, through their aggregation groups, have been through very strict scrutiny. Our aggregation management teams examine these institutions from every perceivable angle, through a magnifying lens, and with a fine tooth comb, to guard against any possibility of these lenders failing at any time. Now you may think, "so what if they do fail, I have my money, so how's that a problem for me?" This would seem, on the surface, to be a perfectly reasonable question. So let me tell you what could happen, because it's happened before! Let's say you find one of these lenders that "some brokers won't even tell you about", and the interest rate is lower than any you can get anywhere else. What if later on this lender goes belly up because it failed to manage its overheads effectively, or its lending policy settings were unsustainable, or it was undercapitalised, or for various other reasons? Well, let me give you an example of what actually happened a few short years ago. Lender A was a well known household brand with a large loan book, but when the GFC came along it became unviable and administrators were called in. A plan was devised to deal with the situation. The very well known "brand name" and their premium location "branches" were sold to a high visibility and well respected banking group. So far, that sounds okay, right? W R O N G ! Only the name and the branches were sold. The actual loans - "the loan book" was retained by the administrators, and interest rates were incrementally raised over the following months, until they became amongst the highest by far. Now, some people were fortunate enough to be in a position to be able to refinance with other lenders, but many, for a range of reasons, were unable to refinance, and some got into extreme and severe financial difficulties. Some even had to go through the embarrassment of financial counsellors and set up special arrangements. By going through a broker, due to the careful scrutinisation of our aggregation groups, you can be more than reasonably confident you will never face this worrying situation, and still get A G R E A T R AT E !

18.01.2022 MEAN AND GREEDY BANKS? Have the banks been mean and greedy by not passing on the full RBA rate reduction? Most people would certainly say a resounding "YES"! It's possible it may be pure greed, but maybe lenders are just being responsible. Now that rates are significantly lower than at any time in Australia's history, the 0.25% reduction by the RBA. represents a greater rate cut, in relative percentage terms than every previous cut. What do I mean by that? When rates were a...round average, say 7- 8%, a 0.25% cut represented around a 3% factor of the rate. Now, with rates in the vicinity of 4%, the relative reduction equates to around 6%. This is quite a cut in relative terms. Some would say this is a chunk of a difference! The question is whether there would be a rush of applications for refinances if banks passed on the whole0.25%. It may be hard to believe, but banks don't only use rate controls to influence profit, they use rates to adjust the outflow of funds in accordance with the availability at their disposal. I have often wondered why there is almost an obsession with the "magic" 0.25% increments as used by the RBA, and why they couldn't use "tweaks" of say 0.1% more frequently, so as to incrementally manage the economy. To me this seems far less "clunky" than the aggressive 0.25% chunks currently used. Well, that's my "two bob's worth" for today!

15.01.2022 DONT GET CAUGHT LIKE A KANGAROO IN THE HEADLIGHTS! Some ads have been appearing on TV about "loans some brokers won't even tell you about". So, is this because they're so good, or is it because they're not so good? Should you sign up with a lender you never heard of, or should you do some serious home work? Or would you rather speak to a highly qualified and experienced broker? ... Here are a few things to think about: RATE The lowest rate may not effect the greatest savings. There are many factors - too many to list - that can affect the dollar saving power efficiency of a home loan - rate is just one, but obviously it's important! Brokers know all the ins and outs! FUNCTIONALITY There is a significant range of differences in home loan features and functions. Some of these can have a considerable impact on maximising interest savings. Experienced, professional brokers explain the pros and cons of setting up your loan with the features and structuring to suit your financial needs and goals. SERVICE Service levels of lending institutions varies quite a lot. Lenders also go through periods when they are understaffed due to a sudden jump in demand. Brokers know who's on the ball, and who's having service issues! Contact a professional, experienced broker for peace of mind. CLICK MORTGAGES are ready to help you work through the market, and find a loan that's right for you. www.clickmortgages.com.au

07.01.2022 Something to lighten your day... http://thegreynomads.activeboard.com/t/wise-chinese-doctor/

05.01.2022 Time to look at refinancing?

03.01.2022 Don't Forget... Click Mortgages offers a FREE mortgage HEALTH CHECK on your exiting home loan. Let us give your mortgage a full HEALTH CHECKUP! ... Are you on a healthy rate? Let us take the pulse of your home loan and make sure it is performing well for you and at the ideal rate! Do you have the right prescription? Let us review your "mortgage Meds" and ensure you have the best products in your mortgage medicine cabinet! Are you practising good healthy money management exercises with your home loan? Do you need a personal financial trainer to get you back on track? Contact "Doctor Mortgage" David, at Click!

02.01.2022 BUYING A HOME? READY TO REFINANCE? HAVE 20% DEPOSIT (OR EQUITY)?... The following RED HOT new RATE SPECIAL just came through from ING DIRECT 3.79% P.A. VARIABLE CPNTACT ME TODAY! ING Orange Advantage The 100% offset home loan Owner Occupiers 3.79% p.a. Variable Rate 4.01% p.a. Comparison Rate Amazing rate for new owner occupied loans with minimum 20% deposit and balances over $150k. DON'T DELAY!