JDI Finance in Cabarita Beach | Mortgage brokers

JDI Finance

Locality: Cabarita Beach

Phone: +61 407 709 656

Address: Shop 3a 35 Tweed Coast Rd 2488 Cabarita Beach, NSW, Australia

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

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• Mortgage brokers
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22.01.2022 Well worth a read - IMO Australia's leading economist's thoughts on Royal Commission outcomes. http://www.switzer.com.au//on-mortgage-brokers-the-royal-/

22.01.2022 Hi Friends and Valued Clients Please have a read (if you are interested) of following article re CCR (Comprehensive Credit Reporting). In summary, from now on all credit providers (ie Banks) will have unprecedented access to nearly any and all credit facilities you have in Australia.... The advantage of this will likely build a more robust banking sector long term with people not being able to get loans they cant afford. The disadvantage is that any late payments / missed payments will now go onto your permanent credit file and effect your credit score. For example If you miss a payment on your credit card (because lets face it sometimes there are bigger things to worry about) this will now immediately effect your credit score. As a suggestion good idea setting up direct payments on any monthly expenses (eg credit card / electricity bill / phones) to ensure your credit worthiness is kept in tact. Have a great summer!! - please let me know if ever want to chat. Cheers AN https://www.smh.com.au//ignorance-of-credit-scoring-leaves

17.01.2022 Appears data now backing up what I've been telling all of (you) my valuable clients... Saw another show yesterday that talked about the combination of credit regulation and now Royal Commission recommendations slowing the liquidity into the market so much so may cause the "recession we never had to have". If only some of these bureaucrats / Commissioner Hayne took the time to listen to ACTUAL finance brokers... and not the CEO of the largest bank in Australia who obviously o...nly cares about his share price and market share dropping as competition continues to increase. We willl see what pans out for the turbulent year ahead in credit policy / finance industry. One thing for sure is that getting a home loan now is a very complicated drawn out process... https://www.mortgagebusiness.com.au//13143-anz-ceo-rues-ov

11.01.2022 It appears the message might be starting to get through - Please see excerpt from RBA governor Philip Lowe re an article about how: "The Australian economy will suffer if banks don’t take risks and restrict their lending appetite in fear of potential consequences"... Banks need to take risk and manage that risk well. If they become afraid to lend simply because of the consequences of making a loan that goes bad, our economy will suffer. So, a balance needs to be struck here. However, Mr Lowe stressed that it is ultimately up to the financial institutions to improve accountability frameworks, not regulation. [We] should not lose sight of the fact that it is the banks’ boards and management that are ultimately responsible for the choices that banks make. It is unrealistic to expect that an appropriate culture can be created through regulation and penalties. Creating the right culture is a core responsibility of boards and management.

08.01.2022 https://www.mortgagebusiness.com.au//12976-apra-scraps-int Hi Friends, This is big decision I think will lead to a degree of freeing up of loan policy in Australia. ... Up until now the last 12-18mths has been an expensive, almost futile exercise to get Interest Only (IO) lending in place. Banks raised their rates on IO loans to discourage this type of loan. Finally APRA has removed these restrictions. Have a great time over the holidays and look forward to seeing how I may help in 2019 and beyond. Warm regards, AN