A COMMENT ON THE CONTRIBUTION OF THE FINANCE BROKING INDUSTRY

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Today the major lending institutions acknowledge that new loans, in particular residential and commercial property introduced loans, introduced through the finance broking network, approaches 50% of the total overall new loans written in Australia in any one financial year. As a result major lenders are in regular contact with the major finance broker organisations. Here… Read more »

RESIDENTIAL FINANCE – Factors that determine Loan Availability

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Key elements in determining availability of a loan to purchase or refinance residential property are: Taxable income of borrowers. Generally lenders suggest our gross income is split three ways: (a)Loan repayments. Here all existing credit payments, including personal loan repayments ,credit card limits, other property mortgage repayments + planned new mortgage loan repayments, need considering…. Read more »

COMMERCIAL PROPERTY FINANCE

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A commercial property could be deemed as a property not of a residential nature,(namely ones home or residential investment property) which is either: – leased out for a term for a rental income return OR. – Owner occupied, or, by a related third party. – vacant land with zoning of a commercial industrial nature, acquired… Read more »