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24.01.2022 This years ANZAC day is very different to what we have experienced before. The great crowds gathering all over Australia for the dawn service has been replaced with many Australians gathering on their driveways and balconies at dawn to pay respect to the many who sacrificed their lives in conflict for a better future. We have seen great examples of the mateship, the let's help each other attitude that our ANZAC heros showed while we fight a new enemy today an enemy that we can not see. Let's honour our ANZAC spirit by caring for each other in these difficult times. Lest We Forget

23.01.2022 Friday's Fun Fact As a mortgage broker I thought I was fully aware of a mortgage it's meaning etc... The word mortgage is in fact a French term used in England in the middle ages meaning "Death Pledge"... Refers to the pledge ending (dying) when either the obligation is fulfilled or the property is foreclosed. "I knew a mortgage could be a bit of a burden, but a death pledge? lol" See more

23.01.2022 Today's Tidbit You may have come across the term "Chattel Mortgage" and wondered what does it mean. A chattel mortgage is a business purchase and is moveable (mainly cars). All ongoing expenses are paid by the business.

22.01.2022 Hello all, I just wanted to touch base and say hi. Hope all is well with you in these difficult times, please take care and be safe. Keep your chin up. May your fridge be full and importantly toilet rolls aplenty.

20.01.2022 Loans frozen since start of Covid19 As Australia sees encouraging signs with cases of Corona virus falling many Australians have gone to their bank to seek loan deferrals. To date $200 billion worth of loans representing 643,000 loans have been deferred. Of these loans, 392,000 are home loans.

19.01.2022 Monday Musings Have to say can get a bit disappointed with many of our banks and there attitude to brokers. Will often see words like "third party channel so important to us" or "we want to work with the broker channel" etc etc coming from some of our banks only to find branch staff working actively against broker introduced loans. How nice it was then to see one bank ME Bank actively promoting brokers in their advertising actually saying to go and see your broker.... Well done ME Bank your actions are much appreciated. See more

19.01.2022 Federal Court Dismisses ASIC Appeal The Full Federal Court has dismissed ASIC appeal against the original ruling in action brought against Westpac. ASIC's appeal was against Westpac using the Household Expenditure Measure (HEM) in assessing living expenses. The judges also noted that home loan borrowers would adjust their spending habits when taking out a home loan.... "Couldn't agree more with the Federal Court"

18.01.2022 Record low rates to remain for "at least" three years. According to an AMP analyst the RBA will keep rates at the current record lows for the foreseeable future. AMP analyst Shane Oliver believes the cash rate will be on hold for at least three years. "Great news I guess for borrowers not so good for investors or pensioners with cash in the bank"

17.01.2022 Second tranche of FHLDs launches. A further 10,000 places have officially been made available under the governments First Home Loan Deposit Scheme. The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to help first home buyers buy a home sooner by reducing the size of the deposit needed to secure a mortgage.

17.01.2022 Monday Musings Have been to Melbourne a few times and have to say really love Melbourne and have found the people there very friendly to visitors to their city. Which does make the figures coming out of Melbourne of people infected with Corona virus both worrying and sad. Thinking of you Melbournians but cmon do the right think practice social distancing and wear face masks. Enough of this nonsense we keep hearing about people saying its against their rights blah blah.... Australia is saddened by the rising cases and deaths coming out of Melbourne. See more

17.01.2022 Monday Musings W.A has loosened some of the restrictions we have which has helped us to do so well against the Corona virus. And how was this received...well many are saying that the Gov't didn't do enough.... Talk about damned if you do and damned if you don't. The ones complaining about the restrictions still in place will probably be the first to complain if we get another outbreak.

15.01.2022 Today's Tidbit Pre-Approval Looking to buy your dream home? I am a big fan of getting a pre-approval from your preferred bank. ... With a pre-approval you will be fully assessed by your bank other than having your property valued. Once approved you can have the confidence knowing how much you can borrow and the value of the property you wish to purchase. Can be a good bargaining tool also when negotiating the price of your dream purchase. See more

15.01.2022 Monday Musings Think we all would say a big well done to the Federal and State Governments on their building stimulus incentives recently released. It is disappointing though to hear some building companies taking advantage of this situation by increasing prices and removing bonuses and incentives and in some cases cancelling existing contracts. Talk about some biting the hand that feeds them.

12.01.2022 More housing stimulus on the way: Morgan Stanley The federal government is expected to address mounting headwinds in the residential property market with a new round of housing stimulus. According to Morgan Stanley analyst Chris Nicol, the federal government is expected to continue supporting the housing industry with tapered measures rather than remove support entirely.

10.01.2022 Big 4 move in tandem with the RBA, slash rates. A host of lenders including the big 4 Banks have passed on the full rate cut as announced by the RBA. "mmm have to say can't remember the last time the Big 4 passed on the full rate cut....usually they trott out the standard our true cost of borrowings line...but in this case, well done by the banks"

10.01.2022 Wonderful words. Happy Australia Day

08.01.2022 APRA tells banks to halve dividends The prudential regulator has told banks it expects them to retain at least half of their earnings and reduce payouts to investors to ensure their resilience in an uncertain economy. "I guess some dividend is better than no dividend"

08.01.2022 Fridays fun fact Have to say heard this from a very powerful message by the great West Indian fast bowler Michael Holding when discussing his thoughts on the Black Lives Matter movement and how it has affected him. We all have been taught and know that Thomas Edison is credited with discovering electricity and the light bulb. A unknown fact that should be known is that it was a African American man Lewis Howard Latimer that invented the carbon filament that is still in use today that made globes more affordable and practical.

07.01.2022 Thursday's Tidbit. In view of the recent changes to credit reporting knowing your credit score or what is on your credit file has become very important. I have found a site getcreditscore.com.au to be excellent. Its free you can get your credit score immediately or your credit file emailed to you.

07.01.2022 Fridays Fun Fact Maybe not so fun in today's world but with it looking like Australians won't be travelling overseas anytime soon...did you know we spend twenty billion dollars more holidaying overseas than people from overseas spend on holidays here. Think holidays within our own state and country as we are being encouraged to do is a good thing.

04.01.2022 Monday's Musings At the time when we first started hearing of the massive impact on our lives the Corona Virus could have there was great relief that the banks were going to let people have a repayment pause to help in these uncertain times. Have heard some lenders now are treating the loan deferrals as delinquencies.... Really hope this possible massive change in thinking by a few lenders is just unsubstantiated rumours.

02.01.2022 Banks extend COVID-19 loan support. Australian banks have announced they will support customers with a new phase of COVID-19 support. The Australian Banking Association has advised that home loan customers with ongoing financial difficulties due to the Corona virus can extend their repayment deferral by up to four months on a case by case basis.