KS in Perth, Western Australia | Mortgage brokers

KS

Locality: Perth, Western Australia

Phone: +61 412 792 469

Address: 1/103 Garling St 6163 Perth, WA, Australia

Website: https://perthfinancecentre.com.au

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• Financial service
• Mortgage brokers

24.01.2022 Timing is as important as location

22.01.2022 Please share this post. *** Yesterday the CBA strongly proposed to the Royal Commission that all home loan borrowers be legally required to pay $2,300 to Mortga...ge Brokers every time they want a home loan. The bank won’t pay the broker as they do now, instead you will. *** Over the past 30 years, whether or not you have personally used a Mortgage Broker, by providing competition and promoting cheaper lenders, the Mortgage Broking industry has halved the profit margins of the Big 4 Banks, as this graph shows. The outcome of interest rates returning to the pre-broker levels will be about $8,000 per year on an average home loan. So if you have a mortgage your repayments will go up, if you are a tenant your rent will go up. The Big 4 regained some profits during the GFC when they were approved by Labor to buy the smaller lenders such as St George Bank, Aussie, Rams and BankWest but the popularity of brokers again pushed their profit margins (that you pay) back down. Currently around 53% of borrowers use a broker and around 65% of first home buyers do. No one has to use a broker, they choose to because it suits them. Every year more borrowers choose a broker over their bank. Yet the Royal Commission is being told by the CBA and Westpac that brokers are bad for borrowers. No, but we are just bad for bank profits. Why would more and more borrowers freely choose a broker if it wasn’t in their best interests? If this happens it will mean borrowers will be forced back to their bank manager and brokers won’t be viable anymore. Then the Big 4 will be able to restore their profit margins to what they had before brokers. That means higher interest rates for everyone. The only thing that keeps the banks even slightly honest is fair competition. They are trying to trick the Royal Commission into getting rid of that competition for them. If this happens, the outcome of the Royal Commission will be the complete opposite of what was meant to happen. More power and less competition for the Big 4 Banks and higher profits at all our expense. The banks have already raised interest rates and reduced people’s borrowing capacity, using the Royal Commission as their excuse. It is lower income families and first home buyers who will be most hurt by this. At this stage the Liberals have shown they understand this blatant attempt at profiteering by the banks and to twist the Royal Commission into their favour but Labor does not.

22.01.2022 Buy like a pro...

21.01.2022 It's not always the highest bid win the house .

19.01.2022 https://www.facebook.com/motivationalquotesjournal/videos/532575703783457/

12.01.2022 Are you a first Home buyer and wondering what you need in terms of deposit and cons and pros with the amount you put. Please check this out. https://www.bankwest.com.au//10/how-much-deposit-will-i-ne

10.01.2022 At its meeting today, the Reserve Bank of Australia (RBA) decided to keep the official cash rate unchanged at 0.25%. This is still the lowest it’s ever been! In March, the RBA decided to reduce the cash rate twice firstly to 0.50% and then to a record low of 0.25% as a response to uncertainties surrounding the coronavirus (COVID-19) global crisis. RBA governor Philip Lowe is confident that our economy will recover but the timing depends on how we effectively we manage the v...irus. He said at the previous meeting, There is considerable uncertainty about the near-term outlook for the Australian economy. Much will depend on the success of the efforts to contain the virus and how long the social distancing measures need to remain in place. Interest rates are at its lowest and is likely to remain low. If you’ve had your mortgage for a while, now is a good time to let us help you review your current loan to ensure it still works for you. Talk to us today!

08.01.2022 Explained in simple way for anybody to understand it.

07.01.2022 Protecting your credit file through the Coronavirus If you need any assistance please feel free to call Unfortunately, many people and businesses are going to struggle over the coming months and while we’d all like to think this whole crazy mess will be over soon, I fear the reality is we’re entering into a protracted period of financial challenge, the likes of which most of us have never seen before....Continue reading

06.01.2022 Are you interested in getting the Federal Govt ,State Govt grants and first home buyers grant together with stamp duty concession . All put together more than $65,000 worth. If your builder making a big fuss about having the pre-approval before talking for you to be able to get all this ,talk to me A friendly service with no cost to you to get the pre-approval within a week. contact me anytime at [email protected] or on 0412 792 469

06.01.2022 Do you understand how the credit score works ? All must read this if you are looking to borrow money.

04.01.2022 Reason the brokers are needed for the healthy industry. https://www.theadviser.com.au//38794-rc-commentary-has-mis

01.01.2022 Are you struggling to get that deposit to buy your dream home? Alternative ways to get on the property ladder,have a look at this . https://www.bankwest.com.au//alternative-ways-to-get-on-th

01.01.2022 Lenders available thro' Perth finance centre