It’s becoming easier than ever to access outsourcing services, which offer the promise of drastically reduced operating costs and the ability to free up onshore staff from menial and repetitive tasks. But as with any other industry, there are vastly different standards of service available in the outsourcing world. So what’s the difference between a…
The past few years have taken their toll on the lending and finance industry. A perfect storm of narrowing margins, tighter compliance requirements and excessive time focused on administration has led many brokers to seriously consider outsourcing for the first time. With its promise to reduce costs and free up time from menial tasks, outsourcing…
Lenders must show that they’ve taken “reasonable steps” to verify loan applicants’ financial data, or face having to justify why they didn’t. That’s one of the key regulatory changes being mooted by ASIC in a consultation paper, released in February this year. The law isn’t the problem – adherence is Commissioner Hayne concluded that the…
Investing in property has proved to be a successful way to build wealth for many Australians. But you can’t just invest in any old property. Finding the right one makes all the difference. There are particular attributes that all good properties have. Here are a few things to consider when searching for your next investment…
Buying a property is never easy, but if your new home purchase is dependent on your first property selling, it can present a few challenges. Timing is critical and it’s important to know what your options are if the selling and buying process doesn’t go as expected. Here are some ways you can manage selling…
Increasing competition in the home loan market has brought positive changes for consumers, and home owners are now spoiled for choice when choosing a lender and a loan. With so much choice and competition available, it’s important to know the facts so you can make an informed decision when deciding to switch lenders and refinance.…
A home loan is a major expense in many Australian households and the wrong loan can have a significant impact on your finances. It can also be detrimental to your wellbeing if your financial situation is causing you stress. That’s why it’s important to regularly monitor your finances and make sure you’re happy with your…
There are many home loan options on the market, but variable rate home loan products are always popular because they usually provide the greatest flexibility for borrowers. They’re often available as a standard variable rate with full flexibility and options, or a basic variable rate where you may sacrifice flexibility for lower interest. A variable…