APRA Scraps Home Loan Serviceability Buffer – What Does this Mean for Borrowers?

May 30, 2019 - by Fletcher Rowe - in Applications, Banking Royal Commission, First Home Owners, Home Loans, Interest, Investment, Mortgage Broker

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Fletcher Rowe | May 30 2019 Last week, the Australian Prudential Regulation Authority (APRA) announced a change to the serviceability buffers that all deposit-taking institutions are required to abide by when assessing a borrower’s ability to repay a home loan. The buffer, in place since 2014, is designed to ensure borrowers are able to continue

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Fighting for the Viability of the Mortgage Broking Channel

May 06, 2019 - by Fletcher Rowe - in Banking Royal Commission, Home Loans, Investment, Mortgage, Mortgage Broker, Property market

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Fletcher Rowe | May 6 2019 The Hayne Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry concluded on February 1st and was released to the public eye on February 4th. The report cast a scathing eye on the sector, noting systemic “unconscionable conduct” and an overriding culture of profit ahead of

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Australian Broking Awards 2018

May 25, 2018 - by Fletcher Rowe - in Anthony O'Flynn, Australian Broking Awards 2018, Best Residential Broker, Home Loans, Mortgage Broker

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Fletcher Rowe | May 25 2018 The IFA Mortgages & Finance team have continued their momentum into the new year, again being recognised for their outstanding service delivery and an incredible 12 months as a group. We are proud to announce that we have been included as finalists in three categories for the upcoming 2018 Australian

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Lenders’ Limelight Marks Luke’s Lucky 7

February 01, 2018 - by Fletcher Rowe - in 30 Under Thirty, First Home Owners, Home Loans, Luke Harborne, Mortgage Broker, Rising Stars, Young Guns

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Fletcher Rowe | February 1 2018 The mortgage broking industry is no place for the faint-hearted. A broker is entrusted with the handling of what is usually the single largest financial transaction of any person’s lifetime, having the nous to navigate the complex and  often nonsensical world of banks and their policies. Equally burdensome can

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What Do Banks Look For in Loan Applications?

August 21, 2017 - by Fletcher Rowe - in Applications, First Home Owners, Home Loans

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Fletcher Rowe | August 21 2017 The past 12 months of mortgage lending policy have really shook up the industry. Taking out a new home loan presents unique and ever-changing challenges compared to what once was almost a “revolving door” lending policy. These policy changes were well-intentioned, posited to be steadying erratic and unsustainable housing

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Helping your Child Enter the Property Market

August 11, 2017 - by Fletcher Rowe - in First Home Owners, Home Loans, Investment, Retirement, Stamp Duty

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Fletcher Rowe | August 11 2017 It’s a daunting world for the first home buyer; skyrocketing median house prices, interest rates and an influx of lending platforms can scare off would-be home owners. Many wonder how they will save a deposit large enough to outbid seasoned investors, and parents feel helpless watching their children’s dreams

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Sydney Property Market Continues to Defy

August 09, 2017 - by Fletcher Rowe - in Home Loans, Home Prices, Investment, Property market

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Fletcher Rowe | August 9 2017 Sydney property prices have again edged higher, according to CoreLogic’s latest weekly report released for the first week of August. The report released last week showed that surprisingly high auction clearance rates were keeping the market competitive and turning around what threatened to be a slump after a sluggish

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