Borrowers who move to an interest-only loan following the expiry of their loan deferral period should not be charged a higher rate, according to RateCity.
The weekly round-up of the biggest news stories from across Momentum Media’s property titles for the week ending 21 August.
CML Group has completed its acquisition of an invoice finance platform, after paying $2.25 million in cash and shares.
Above-system mortgage and deposit growth has helped bolster the major bank’s earnings over the third quarter, enabling it to pass on dividends to shareholders.
Victoria-based broker Jonathan Lee explains why it is important for brokers to take stock of their business processes and eliminate doubling up of tasks.
One in four businesses grappling with the economic fallout from the COVID-19 pandemic has had their application for credit rejected by lenders, according to new research.
Over 150 brokers joined the Loan Market franchise last financial year, which the group attributed to the BID legislation.
The volume of funds requested by SMEs halved in Q420, according to SME lending platform Lend.
Teachers Mutual Bank has reduced the maximum LVR for fixed-rate home loans with LMI, effective 17 August.
The major brokerage has expanded its network of brokers and franchisees in the midst of the COVID-19 crisis.
From educating clients on their finances to having a strong client base and establishing referrals networks, brokers speak about what success looks like to them.
The federal government has revealed that it will move to overhaul...
The non-bank lender has commenced trading on the ASX after succes...
Over 7,000 complaints relating to home loans were lodged with AFC...