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The value of mortgage and finance broking
Mortgage and Finance Brokers act as a crucial link between consumers, businesses and lenders to facilitate access to residential and commercial products and services. The services can be further classified as mortgage broking or commercial and asset finance broking. Mortgage Brokers specialise in residential loans while Commercial and Asset Finance Brokers require higher education to address...
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Mortgage brokers dominate home loan market, transform banks’ profit
As reported on ABC News, home loans continue to dominate the profits for banks but recently, the profit margins have been decreasing due to customers preference for mortgage brokers when finding a loan for their homes. Approximately 75 per cent of new home loans are now negotiated through mortgage brokers, continuing to disrupt the historical...
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Both Insurance and Mortgage Brokers impacted by construction industry instability
The Adviser reports that the recent increase in company liquidations and instability in Australia’s construction industry has had a compounding effect on both Mortgage Brokers and Insurance Brokers. These professionals are now playing a greater role in educating and advising their clients who are impacted by the collapse of a building company. Read more here.
