Clawback – As a client how can you help?
Clawbacks can have a significant impact on mortgage brokers. If a borrower repays or refinances their loan within a certain period of time (typically within first 12 to 24 months), the lender may require the broker to repay some or all of the commission that they earned on the loan (dependent on time period). The […]
Offset Account
What is an Offset Account? An offset account is a transaction account that is linked to a mortgage account. It reduces the amount of interest you pay on your loan. The balance of the offset account is subtracted from your loan balance, so you only pay interest on the difference. Here are some additional […]
Top Tips to Help Save You Money
Top Tips to Help Save You Money With the cost of living increasing daily, its important to ensure you are budgeting correctly and tracking your expenses accordingly. Here are Top 10 tips to help you save money: Create a budget: This is the first and most important step in saving money. Make a list of your […]