Proudly a Finalist of the Better Business Awards 2019

The finalists have been announced! It is with great pleasure that we reveal we have been listed as one of the leading mortgage specialists as a finalist for in the Better Business…

A Change for Interest-only Loans

The Australian Prudential Regulation Authority (APRA) has announced the removal of the supervisory benchmark on interest-only residential mortgage lending banks. The benchmark was a temporary response to concerns of a surplus of interest-only…

Quality Service and Value Continues to Prompt Robust Growth in Broker Market Share

According to the quarterly data reported on market share, consumers are choosing to go to mortgage brokers in record numbers, which shows they have confidence and a special trust in the broker…

Borrower Fixed Rate Demand Increased by 6% in September

Current internal data from Mortgage Choice shows that the borrower demand for fixed rates rose in September, accompanying the out-of-cycle interest rate hikes from conventional banks. The data show an increase of…

The Big Four Stand to Profit from Trail Commission Removal

Ending the trail commission payments to brokers would boost the profits for the big four banks by 1.8 per cent, according to the Roadmap to Branchtopia report by Morgan Stanley Research. This…

Experts Predict Further Housing Downturn Due to Home Loan Rate Hikes

According to CoreLogic’ analyst Cameron Kusher, the latest rash of out-of-cycle interest rate hikes being imposed on owner-occupier homes loans could further reduce the demand for property and bring down the value…

Are Major Banks Creating an Anti-Competitive Behavior Environment?

The mortgage lending industry is being challenged by the majors in various ways. They started by making accusations against mortgage brokers, changing the rules, and now by creating an environment of anti-competitive…

How Brokers Make the Mortgage Markets Better

A new report published by DAE (Deloitte Access Economics) mortgage brokers makes the mortgage markets work better. They expand choices and boost competition between market lenders, which pushes them to provide superior…

Branches Vs Brokers – How Brokers Create a Competitive Edge

The bottom line is that if there were no mortgage brokers, there would be no way to challenge the banking sector and smaller lenders would have little chance to succeed in the…

Overly Strict and Impractical Credit Decisions May Exploit Borrowers

Xavier Quenon, Go Mortgage director, issued a warning to mortgage borrowers regarding the stricter and vastly impractical new bank credit practices and how they are likely to harmful to borrowers in the…

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You can make an appointment with a First Choice Mortgage Broker consultants by calling 1800 111 455.

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