Mortgage Brokers on Frontline in War on Money Lending and Terrorism Funding

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Mortgage Brokers on Frontline in War on Money Lending and Terrorism Funding Australian mortgage brokers face new compliance requirements in the fight against money launders and terrorist funders after changes to the Anti-Money Laundering and Counter-Terrorism Financing Act 2006. According to AUSTRAC, Australia’s Anti-money laundering & Counter terrorist funding government regulator, every year, serious and […]

Australia’s Big Four Lag Behind the Lenders Giving Rise to Mortgage Brokers

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Press release Australia’s Big Four Lag Behind the Lenders Giving Rise to Mortgage Brokers According to the latest research, the four major banks of Australia are lagging behind the lenders, in terms of providing satisfaction to the home loan customers. The survey conducted by Roy Morgan’s Single Source suggested that the satisfaction level provided by […]

Commonwealth Bank overview

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Commonwealth Bank overview Profile The Commonwealth Bank is one of Australia’s leading provider of integrated financial services including retail banking, premium banking, business banking, institutional banking, funds management, superannuation, insurance, investment and share broking products and services. The Commonwealth Bank Group is one of the largest listed companies on the Australian Securities Exchange and is included […]

Bad Credit History Home Loans

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Bad Credit History Home Loans  Bad credit home loans are for people with: Loan defaults Adverse court judgments Discharged bankruptcy Poor credit history Mortgage arrears Rental arrears art 9 agreements Part 10 agreements Payment arrangements Bad credit home loans are also known as: Bad credit loans Bad credit mortgages Bad credit history home loans Credit […]

What is a Mortgage broker?

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What is a Mortgage broker? “A mortgage broker is an intermediary between the borrower and the banks or lenders. Mortgage brokers usually specialises in home loans and other loans for individuals where as a finance broker specialises in business or commercial loans. A mortgage broker can help you compare the suitability of different mortgages to find a one that is […]

COBA concerned about vertical integrated mortgage brokers

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The post COBA concerned about vertical integrated mortgage brokers appeared first on Oak Laurel. The Customer Owned Banking Association has raised concerns about mortgage brokers in a submission to the parliamentary inquiry The Customer Owned Banking Association (COBA) has raised concerns about mortgage brokers in a submission to the parliamentary inquiry into home ownership. COBA’s concerns include a […]

Why do doctors get special consideration by the banks?

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Did you know that medical doctors get special consideration from the banks and lenders in Australia when applying for a home loan? Well, they do. Medical doctors and other medical professionals such as: Anaesthetists, Dermatologists Oral and Maxillofacial Surgeons General Paediatric doctors Cardiologist Clinical Geneticists Clinical Pharmacologists Endocrinologists Nephrologists Neurologists Rheumatologists; and many other medical […]