Melanie Shillinglaw- Mortgage Choice in Doreen and surrounding Suburbs in Mernda, Victoria, Australia | Mortgage brokers

Melanie Shillinglaw- Mortgage Choice in Doreen and surrounding Suburbs

Locality: Mernda, Victoria, Australia

Phone: +61 433 690 510

Address: PO Box 73 Mernda 3754 Mernda, VIC, Australia

Website: www.mortgagechoice.com.au/melanie.shillinglaw

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23.01.2022 Record-breaking cash rate cycle continues-The RBA board has again decided to keep the cash rate at a record low of 1.5 per cent

23.01.2022 You may have heard the news about the Royal Commission’s recommendations relating to the mortgage broking industry. I thought I’d send you an update on what they may mean for you - especially if the recommendations become law. First up, I’d like to reassure you that it’s business as usual for us. Nothing has changed yet and our service to you remains the same. We are here to help you and, as always, will do so with your best interests at heart. Our home loan services are stil...l at no cost to our customers Mortgage Choice brokers are still paid the same commission rate regardless of which home loan you choose from our wide choice of lenders However, the Royal Commission has made recommendations that could impact your ability to secure a competitively-priced home loan in the future, so I want to cut through the media noise and provide you with some basic facts. What does the report say? At present, lenders pay mortgage brokers a commission, which enables us to provide our home loan service at no cost to our customers. The Royal Commission's final report recommends gradually banning commissions and moving to a system where home loan customers will need to pay brokers a fee for the service we offer. What does this mean for you? This is a major change and a threat to competition in the home loan market. Mortgage broking as an industry has delivered important benefits to all Australians. Today, mortgage brokers are responsible for arranging almost 6 out of every 10 (59.1%) home loans. For over two decades, we’ve helped drive competition in the home loan market, giving home buyers greater choice and driving home loan interest rates down. If the proposed changes were to become law, many consumers would not be able to afford the services of a mortgage broker and mortgage brokers would struggle to survive. Without brokers, more power will go to the big banks and Australians will have less access to smaller lenders, less access to credit, and interest rates are likely to rise. Where to from here? The Banking Royal Commission has offered recommendations only. The Federal Government will now consider what legislative changes should be made, which will take some time. We need your help to ensure the policy makers understand the potential impact of the changes on borrowers. Many of you have been in touch with me already, offering your support. I really appreciate your concern and willingness to stand with us in this fight for competition and choice. To do so, please sign the industry’s online petition www.brokerbehindyou.com.au If you’d like to take further action, the website also provides the tools for contacting your local MP. I’ll stay in touch to keep you up to date with any changes the government introduces. Right now, it’s business as usual for us and we're here to help with all of your finance needs - car loans, insurances, financial planning, business loans and making sure your home loan is right for you.

19.01.2022 The RBA has left the official cash rate on hold this month at 1.5%. how long can rates stay low?

19.01.2022 RBA rate cuts: Reserve Bank to slash interest rates to 0.25 per cent amid coronavirus panic

18.01.2022 The first cash rate shift since 2016 .RBA’s decided to move the official cash rate to a new record-low level of 1.25 per cent. Which lenders will pass the cut onto their customers?

14.01.2022 Mortgage Choice 2019 Federal Budget Analysis After over a decade in the red, the 2019 Federal Budget is back in black and will deliver a surplus of $7.1 billion next financial year, Treasurer Josh Frydenberg announced last night. Mortgage Choice franchise owner Mr Melanie Shillinglaw said, Mr Frydenberg has handed down what many are describing as an ‘election year’ budget. ...Continue reading

14.01.2022 Royal Commission update - how service is better with a broker A number of my customers have asked for updates on the Banking Royal Commission. There have been a few developments since Commissioner Hayne handed down his recommendations just over a month ago, so let me fill you in. You may recall that one of the recommendations was that in future, borrowers rather than lenders, should pay for the services of a mortgage broker. ... Thankfully, both the Government and the Labor party have agreed that a borrower pays model would not be in the best interests of Australian consumers. It is important to note, however, that the Coalition and the Labor party have different positions on how brokers get paid, which could mean that the mortgage industry’s future and consequently your ability to secure a competitive deal on your home loan, hinges on the outcome of the federal election in May. Find out more In the meantime, my home loan service continues to be at no cost to you. Interest rates are historically low, the mortgage market is complex - though still very competitive, the property market offers outstanding buying opportunities, and the economy is on track for growth with the lowest unemployment seen in many years. Call my office today for professional support selecting and applying for the home loan that is right for you. 0433 690 510

14.01.2022 Expert home loan advice at 0 cost to you Buying, investing, refinancing?. We'll search through hundreds of loans from our wide choice of lenders to find the right home loan for you.

11.01.2022 The Reserve Bank of Australia (RBA) has held the official cash rate at 1 per cent, in line with market expectations. Analysts are expecting the RBA to hold off on further cuts until the end of the year,

10.01.2022 The RBA has again chosen to keep the cash rate at 1.5 per cent, a move predicted by most industry experts.

08.01.2022 In its last Board meeting for the year, the Reserve Bank of Australia (RBA) played nice and left the cash rate on hold at the historically low setting of 1.5%. This not only marks the 16th consecutive month that rates have been left on hold, but it means the RBA made no changes to the cash rate throughout 2017. What will 2018 bring?

07.01.2022 Introducing our all new Financial Fitness Boot Camp! A fast-paced, high-intensity workout to train your overall financial wellbeing and build your knowledge of property investing. During the boot camp, we’ll take you through 5 unique training programs that will help you walk away with the confidence and the know-how to make sure your money has the legs to go further for you. Just by taking the fitness assessment, you could win $5,000 in cash prizes* So what are you waiti...ng for? Start your boot camp journey today! Call Melanie Shillinglaw on 0433 690 510 See more

06.01.2022 Following its monthly board meeting, the Reserve Bank of Australia (RBA) announced that it has held the official cash rate at 1.5 per cent. But even though the RBA have once again left the rate on hold, a large amount of lenders have increased their standard variable rate. Now may be the time that you review your home loan.

05.01.2022 Reserve Bank sits on the fence yet again The Reserve Bank (RBA) has again opted to keep the cash rate on hold at 1.5% and this means we can enjoy another month of interest rate stability. However, the case for a rate cut could be getting stronger. Official data shows a slight cooling in the economy, and while it’s worth noting that the economy is still projected to grow, and unemployment is very low, there’s a sense that the RBA could take a scalpel to the official cash rate ...later this year. For now at least we can enjoy cash rate stability, and the outlook for the remainder of 2019 is certainly interesting.

01.01.2022 In its first Board meeting for the year, the Reserve Bank of Australia (RBA) has once again decided to leave the official cash rate on hold at 1.5%. So what does this mean for property ambitions in 2018? Well, interest rates continue to hover around record lows, which is great news if you’re looking to borrow or are just wishing to pay down your current loan quickly. Furthermore, across Victoria, the property market is showing no signs of weakness. Throughout 2017, property... values across Melbourne rose 8.9% - which was the strongest growth recorded by any of the capital cities. So regardless of what your property plans are for 2018, now’s the perfect time to put them into action.

01.01.2022 After cutting the official cash rate by 0.25% in both June and July, it’s no surprise the Reserve Bank of Australia (RBA) has opted to keep the official cash rate steady at 1.0% for August. With the RBA taking a breather on the cash rate cuts, it allows some time to gauge the impact of lower interest rates on our economy. It can take time for lower rates to filter through to household spending and the jobs market two key indicators of economic health.... Keeping these factors in mind, we could see the cash rate hold steady for a few months yet. The bank regulator APRA, has relaxed tough lending restrictions imposed on banks and other financial institutions, potentially making it easier to secure a home loan. Add in a property market that is turning the corner from a downturn, and it's good news for home owners and home buyers across the nation. What does this mean for you? Plenty of lenders are openly acknowledging that they are now offering their lowest ever home loan rates. But it doesn’t pay to assume you’re getting a good deal. We’re seeing plenty of variation in the rates on offer among different lenders.