Troy Erickson in Travancore | Financial service

Troy Erickson

Locality: Travancore

Phone: +61 411 333 695

Address: 8 Mt Alexander Road, 3032 Travancore, VIC, Australia

Website: http://www.loanmarket.com.au/troy-erickson

Likes: 131

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• Financial service
• Mortgage brokers

29.05.2022 Wow!! The Reserve Bank has dropped the official rate down to 0.1%. Not expected to lift rates for the next 3 yrs!!

24.05.2022 Hey Peeps, it seems all of the banks are rolling out relief assistance to mortgage-stressed borrowers. All banks will negotiate a specific repayment plan for each individual situation. Please note - deferred repayments doesn’t mean you don’t pay, it means they don’t require you to pay but after the deferred period your repayments need to be higher for a period of time to make up for the deferred repayment period.

26.04.2022 A little bit of recognition for the past financial year from Loan Market.

25.01.2022 A great video from our chairman, Sam White, and we are asking for our clients to stand up and provide your feedback on your broker experiences and that brokers do their best to provide the best customer outcomes. Please feel free to share your feedback!

24.01.2022 CBA and all Majors lift rates on Interest-Only loans.

24.01.2022 One of Melbournes best coffee roasters and also one of my favourite long-time clients!! Get it in ya!!!

23.01.2022 Great news!! When assessing how much you can borrow, the banks have been using an assessment interest rate of 7.25%. Banks are now about to start using 5.75% which should help borrowers get back to the level of borrowing they need to be at to achieve the property price they qualified for 2 yrs ago!!

23.01.2022 This is why I will never team up with any developer offering a commission to me to entice my clients to purchase off-the-plan. I have never, and will never, accept any incentives or commissions for an off-the-plan transaction. Period.

23.01.2022 Im already so excited for clients buying their forever home but more so when they are close personal friends of mine! Congrats to Ben & Kazza!!

22.01.2022 I didn’t expect it but it happened. But is your bank passing on 100% of the rate cut??

22.01.2022 From the Chairman of Loan Market, Sam White.

21.01.2022 The RBA has left the official cash rate unchanged. It has now been 2.5 years since the last official rate adjustment.

21.01.2022 The mortgage broker message is starting to gain momentum and our industry will continue to provide best consumer outcomes. #brokersworkforyou #dontgivethebanksafreekick

21.01.2022 I didnt expect it but it happened. But is your bank passing on 100% of the rate cut??

21.01.2022 This is good for all Australians.

21.01.2022 Policymakers should ensure that broker reforms do not damage the pro-competitive role of the industry, Treasury Secretary Philip Gaetjens has warned ahead of an imminent policy response from the federal Labor opposition. http://ow.ly/T7tR30nMmVr

21.01.2022 Reserve Bank Update - no surprises on Melbourne Cup Day with official interest rates remaining unchanged for an all-time low.

18.01.2022 Not that I feel the long term viability of the mortgage broker industry be made out to be a political point in parliament but this is encouraging to see that some MP's are starting to undestand that not all recommendations from the Royal Commission into Banking Misconduct are a good outcome for borrowers. In short, they support the current way brokers are paid out of "bank profits" instead of making borrowers pay a fee out of their own pockets to get a home loan. #brokersworkforyou #dontgivethebanksafreekick

18.01.2022 I am amazed how the CEO of this bank can compliment how much of their growth came from the broker industry and in the same breathe give our industry a backhand to reconfirm his position voiced at the Royal Commission that consumers should pay their mortgage broker a fee so that the bank doesn't have to pay the broker a commission for introducing a consumer to their lending products. Rubbish!! #brokersworkforyou #yourbrokerbehindyou #dontgivethebanksafreekick

15.01.2022 Rates on hold seems like a boring announcement but there are highly competitive interest rates among banks for high quality applicants boring <80% of their property value.

15.01.2022 Wow!! A new all-time historical low of interest rates!!

13.01.2022 The head of @loan_market has disputed Commissioner Hayne’s suggestion that the Netherlands consumer-pays model did not result in significant adverse consequences to the market. http://ow.ly/2m7r30nG8mj

13.01.2022 A photo says a 1000 words. Were watching you CBA, and so are your customers. Stop deflecting blame onto your broker partners for your history of misconduct. #royalcommission #dontgivethebanksafreekick #brokersworkingforcustomers

12.01.2022 A little bit of recognition for the past financial year from Loan Market.

12.01.2022 This is a good thing. For those that dont know what this is about, it stops banks from approaching solicitors, accountants, and financial planners and offering them a hefty commission payment to push their client base to a bank lending rep. They do this without the clients best interest, but to hopefully receive a few thousand dollars for passing your name and number to a bank. These introducers have no credit knowledge, no knowledge of bank credit policy, and simply hope for the best to earn almost the same amount as a fully qualified mortgage broker. This is the sort of bad behaviour the Royal Commission has in mind to squash.

12.01.2022 Finally!! Common sense prevails across all political parties and the winners are YOU, the customer! Competition amongst the banks will continue BECAUSE of mortgage brokers writing almost 60% of all home loans in Australia!! #brokersworkforyou #dontgivethebanksafreekick

11.01.2022 Some news coming through in this gov't initiative to help First Home Buyers with a deposit.

10.01.2022 Good Customer Outcome!! I placed this existing client with Macquarie Bank about 12 months ago, a couple of days ago we had a chat over the phone regarding a different matter, she then asked me if her current rate was good enough? I sent an email to Macquarie asking for them to review her interest rate based on current specials in the market and they came to the party with a "yes"! With one email to her current lender we got her rate reduced from 4.25% down to 3.99% (investment interest-only rate), no fees charged, no attempt to refinance to another lender, just asked the question and a lender responded. Customer is happy with the outcome!! #royalcommission #brokersworkforyou

07.01.2022 It's about time!! https://www.facebook.com/troy.erickson.//10156615223297598

07.01.2022 So this is what the head honcho of CBA wants to do in Australia moving to a customer pays a fee for service to a mortgage broker rather than the bank paying the broker. Its a crap scenario that will kill competition in home lending and the big 4 banks win and customers lose AGAIN!! BTW- in the Netherlands your home loan on your owner-occupier home IS tax deductible and so is the fee they pay to a lender. Its a different system that was built under different circumstances. It wont work here. #brokersworkforyou #dontkillcompetition #royalcommission

05.01.2022 I’m already so excited for clients buying their forever home but more so when they are close personal friends of mine! Congrats to Ben & Kazza!!

05.01.2022 People keeping voting with their feet. The broker market share has reached a new high with customers choosing to use a broker instead of a bank branch for 59% of all home loans written last quarter. #brokersworkforyou

05.01.2022 This is a good thing. For those that don’t know what this is about, it stops banks from approaching solicitors, accountants, and financial planners and offering them a hefty commission payment to push their client base to a bank lending rep. They do this without the client’s best interest, but to hopefully receive a few thousand dollars for passing your name and number to a bank. These introducers have no credit knowledge, no knowledge of bank credit policy, and simply hope for the best to earn almost the same amount as a fully qualified mortgage broker. This is the sort of bad behaviour the Royal Commission has in mind to squash.

04.01.2022 To all my customers and friends, as the industry starts to dissect the Commissioner's report into the Royal Commission into the Banking Misconduct, more and more people are starting to understand how bad Commissioner Kenneth Hayne's recommendation for sweeping changes with mortgage broker's remuneration. These changes, if passed through legislation, will crush the mortgage broking industry forcing customers back into the big 4 bank branches, and long term, the lack of competition will allow banks to increase interest rates. #brokersworkforyou #royalcommission #dontgivethebanksafreekick

04.01.2022 Thank you for showing support. More and more messages like this from every day Aussies voicing the importance of mortgage brokers.

03.01.2022 This Big Bank CEO has got to be the biggest moron in the entire industry. Happy to throw his weight around to say that brokers should charge the customer a fee to negate a "conflict of interest" instead of a bank paying a fee to a broker on behalf of a customer loan but quick to defend how his bank will pay a commission fee to solicitors, accountants, and other so-called industry professionals. Please note - this bank will pay up to 0.5% of the loan amount as a referral fee to these other so-called professionals who don't have any proper training in lending...... This guy should be sacked for being such a spin-king in the eyes of legislators.

03.01.2022 Very well written and the facts are so true.

02.01.2022 The head of @loan_market has disputed Commissioner Haynes suggestion that the Netherlands consumer-pays model did not result in significant adverse consequences to the market. http://ow.ly/2m7r30nG8mj

02.01.2022 Reserve Bank has dropped the official interest rate again.

02.01.2022 Tom Elliott, you are a champion for how you supported the mortgage broker industry in your segment. I wish other people on these decision making positions thought about it this way. #brokersworkforyou #dontgivethebanksafreekick