Track My Trail Team Tier 1, Tier 2 and Tier 3 are informal labels Australian brokers and aggregators use to group lenders by size, funding cost and credit appetite: Tier 1 covers the major banks, Tier 2 the smaller banks and credit unions, and Tier 3 the specialist and niche financiers. The tiers are not regulator-defined classes, so the … Read more
A property share loan lets two or more people buy one property together while each borrower is responsible for their own share of the debt rather than the whole loan. For buyers who cannot fund a purchase alone, it can turn an out-of-reach deposit and repayment into a workable one. This guide explains how the … Read more
An equity release home loan lets a homeowner convert part of their property’s value into usable funds without selling or moving out. Equity is the gap between the home’s market value and what is still owed on it, and the main Australian routes to release it are reverse mortgages, lines of credit secured against the … Read more
A variable rate home loan with capped interest is a variable loan whose rate cannot rise above a set maximum for an agreed period. The rate still moves with the market and can fall, but the cap blocks increases beyond that ceiling until the capped term ends. The structure appeals to borrowers who want variable … Read more
A mortgage broker resume is a one-to-two-page document that sets out your broking experience, accreditation status and settlement record for a hiring manager or licensee. It differs from a generic finance resume in one decisive way: Australian employers hire against your ability to write loans, so evidence of lodgements, settlements and lender relationships matters more … Read more
A mortgage loan processor manages the paperwork behind a home or business loan application: collecting documents from the borrower, verifying their accuracy and assembling everything the underwriter needs to make a decision. The processor does not recommend loans or decide approvals; they keep the file moving between borrower, broker and lender. For Australian brokers, the … Read more
A community development loan funds projects that deliver a social or economic benefit to an area mainstream lenders underserve: affordable housing, community facilities, local business acquisitions and regional services. Mission-driven lenders, government programs and not-for-profit capital providers supply the funding, usually on terms shaped by the project’s community impact rather than by profit alone. Australian … Read more
CAFBA is the Commercial and Asset Finance Brokers Association of Australia, the national industry association for professional commercial finance brokers. It was formed in 2008 through a merger of two state bodies and now represents more than 1,000 firms and brokers nationwide. If you write commercial, equipment or asset finance, CAFBA is the body that … Read more
Wealth Street is not one company, platform or product. The name covers several unrelated financial-services businesses that share similar branding, most prominently Wealthstreet Financial Services, an Ahmedabad-based broking and advisory firm in India, and Wealth Street Group, a Los Angeles-based investment business. They are separate legal entities and do not share one Australian credit licence … Read more
A line of credit is a loan facility that lets a borrower draw funds up to an approved limit whenever they need them rather than receiving one lump sum. Interest is charged only on the balance drawn rather than on the full limit, and repaid amounts can usually be drawn again while the facility stays … Read more