In a recent X post, @ausstockchick sparked a conversation about dealing directly with banks versus using mortgage brokers, with some expressing skepticism about the latter. However, the numbers tell a different story—75% of Australian mortgages are now facilitated by brokers, a sharp rise from 40% in 2009. So, what’s driving this shift? Let’s break down the benefits of using a…
The Australian finance industry, traditionally dominated by the four major banks, has been experiencing an intriguing shift toward a previously underrepresented sector: private lenders. Non-bank lenders and private lenders, which make up roughly 5% of Australia’s financial system, are witnessing a swift expansion, especially in the realm of mortgage lending. This movement suggests a notable change in borrowing habits and…
Many Australian entrepreneurs find their loan applications rejected by traditional banks or established financial institutions due to a less-than-ideal credit rating or bad credit. At Loanbrite, however, we firmly believe that past financial missteps should not dictate the present. We take a holistic approach when considering loans with bad credit and have already aided numerous Australian businesses and borrowers in…
Low Doc Self-Declared Income for up to $2M Business Lending: This loan option allows you to apply for commercial finance up to $2 million with Loanbrite. You can use the loan for purposes such as business trading, buying assets, purchasing commercial property for your own use, consolidating debts, or expanding your business with the same management structure. To apply, you…
We have an option to assess your capacity to repay by reviewing the business and home lending that is being replaced or refinanced, checking to ensure the commercial loan being refinanced has had no late payments over the past 12 months, and that any individual associated with the lending has had no late payments on any consumer facilities (including the…
• LVR – We usually extend up to 65% LVR against standard commercial properties, although can consider up to 80%. *The LVR may be lower for commercial properties considered to be non-standard or specialised. Hence, the minimum deposit that can be considered is 20% • Term – Up to a maximum of 30 years • Pricing – Case by case…
In order to qualify for any of the First Home Buyer special offers: · Customers must be eligible for a government First Home Owner Grant and/ or First Home Buyer government stamp duty concessions (refer to www.firsthome.gov.au for eligibility details) · Customers must apply for a new Owner Occupier loan for the purchase of a property between 4 March and…
If done properly, refinancing your current home loan can save you thousands of dollars over the course of your loan in repayments. To find out how to get more out of refinancing your home loan follow this guide by Loanbrite. According to the Australian Bureau of Statistics, around $4.6 billion of home loan’s were refinanced in just April 2014 alone….
Are you one of those people that’s afraid of the big, bad bank manager and hate the thought of asking for a great big home loan? It really doesn’t need to be such a scary process, but to help make things go a little bit easier for you, Loanbrite has some great tips on how you can improve your chances…
Industry Specialisation and Medico Policies Customers that fall within the Medico Sector and Industry Specialisation Policy have benefits like; – Up to a maximum LVR of 90% may be approved without the need to obtain mortgage insurance – Evidence of 5% genuine savings is not required when mortgage insurance is not required Medico sector policy Included Medical Professions: •General Practitioners…
