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Latest News

Latest News

Business Platform – Australian Broking First

Our new AFG business platform is a data capturing software program. It allows us to filter all available loan products in the Commercial space matched against the customer's specific requirements. This includes mainstream members of the platform lenders such as ANZ, NAB, St George, Westpac. It also includes specialized lenders such as Spotcap, Prospa, Judo Capital & smaller players in the market place such as Bank of China & the largest Commercial property lender in Thinktank. This means that every client can be assessed comparing Big 4 lenders against newer smaller Fintech lenders. It also means that clients are assessed against all lenders despite having a credit weakness e.g. lack of security or ATO debts.

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Broking – Some short facts

The MFAA is our governing body & they have conducted analysis during 2018, examining complaints, arrears, penalties and the broker channel's impact on competition.

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St George Special

Great news this week with St George $1,500 Refinance Rebate Campaign extended for Applications received by 30th June 2018 with Settlement by 31st August 2018. In addition, here are a few great niches they offer at present:-

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Investors spooked while home loans arrears drop

Home loan demand from investors has dropped by 9 per cent, the largest monthly percentage decline since 2015, new data has revealed. According to new Housing Finance data from the Australian Bureau of Statics (ABS), investor loan demand dropped by $1.07 billion (9 per cent) when seasonally adjusted between February and March 2018, the largest monthly percentage drop since September 2015. According to RateCity money editor Sally Tindall, investors have been deterred by the slowdown in the housing market.

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