by Finance Circle Group | Jul 25, 2023 | Latest News
The days of questioning if a mortgage broker was recommending you a loan because it was the best for you are over, thanks to Best Interests Duty Law (BID). From 1 January 2021, Best Interests Duty laws came into effect for mortgage brokers and financial advisers....
by Finance Circle Group | Aug 14, 2022 | Latest News
Your credit score, may also referred to as Equifax Score, is used by some of your potential lender to determine the risk of offering a loan to you. This is an automated rating system and based on your credit file as well as the information you have provided in your...
by Finance Circle Group | Nov 14, 2021 | Latest News
The prudential regulator APRA on Wednesday ordered banks to lift the “buffer” they add to market interest rates when assessing borrower capacity to repay loans. Here is what that move will mean in practice for potential borrowers. What is a serviceability...
by Finance Circle Group | Oct 11, 2021 | Latest News
The state has launched a new home-buyer fund, under which it will pay 25 per cent of the property purchase price if eligible borrowers have a 5 per cent deposit. The Victorian government has introduced the $500 million Victorian Homebuyer Fund (VHF), which is expected...
by Finance Circle Group | Aug 1, 2021 | Latest News
If you are thinking about locking in a cheap fixed interest rate on your mortgage, the clear message from financial markets is that those rates will probably climb in the months ahead. That suggests it is time to act sooner rather than later. Pros and cons of fixed...
