Smartline Personal Mortgage Advisers in Norwood, South Australia | Loan service

Smartline Personal Mortgage Advisers

Locality: Norwood, South Australia

Phone: +61 407 394 735

Address: 47 Beulah Road 5067 Norwood, SA, Australia

Website: www.smartline.com.au/adviser/atonkin

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• Franchise broker

23.01.2022 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 wont 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 wasnt in their best interests? If this happens it will mean borrowers will be forced back to their bank manager and brokers wont 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 peoples 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 Hi everyone and welcome to my business page. Hope to provide some useful information on managing your finances. Always ready to answer any questions you may have. Oh and by the way if you have more than 20% equity in your home and you are paying more than 4% you may be paying too much. Let me know if you'd like to know more.

19.01.2022 The Reserve Bank of Australia has announced the decision of its monthly board meeting. Board members decided to leave the official cash rate at the record-low 1.75 per cent, following a 25-basis-point cut last month. There are still some fantastic deals out there with all the financiers keen for business. Contact me if you'd like to know more.

17.01.2022 Just got someone 3.44% for their home loan rate. What are you paying?

16.01.2022 We are delighted to announce that Smartline has been named Australia's Top Franchise for the eighth consecutive year. Topfranchise.com.au ranked Smartline the No 1 franchise in its Top 10 list released today, following its survey of Australian franchise companies across all industries. The TopFranchise Award is a wonderful accolade for us. It is of real value to all of us and positions Smartline as a business leader and a high quality organisation. Smartline took out the Ove...rall #1 Award having been ranked first in four of the six categories. The 2016 results are featured on both http://www.topfranchise.com.au and http://www.seekcommercial.com.au/top-franchise-awards websites. #1 franchise Overall #1 franchise in Support #1 franchise in Lifestyle #1 franchise in Passion #3 franchise in Expansion #1 franchise in Marketing See more

16.01.2022 Check out the latest of Smartline's monthly state-based property updates. In the video, CoreLogic Research Director, Tim Lawless, presents for Smartline the latest housing data across Australia's capital cities..

10.01.2022 There should be no reason why your Bank doesn't pass on todays rate cut in full. Happy to check for you if you are unsure!!

09.01.2022 If youre dreaming of splashing out this summer, heres your chance. Enter here: www.smartline.com.au/summersplash T&Cs apply.

05.01.2022 Do you have more than 20% equity in your home? Are you paying higher than 3.59% on your home loan. If you are call me 0407394735!

03.01.2022 3.18%! No upfront fees no ongoing - wow!!! Message me for more.

03.01.2022 Reserve Bank has dropped interest rates by 0.25%. Will the Banks pass on the rate cut in full? I will keep you updated with who has and hasn't!

01.01.2022 The 17-18 financial year is upon us! Here are some resolutions you can make to achieve your own financial goals. http://ow.ly/yc2C30dFZFD