Track My Trail Team

Cash-out refinancing replaces the current home loan with a larger one and pays the extra funds to the borrower. In Australia that is a new credit contract with a declared purpose, not a US VA cash-out and not a redraw from extra repayments. The lender reassesses the entire application, uses a current property value and … Read more

A non-resident home loan is a lender product for a borrower who is not an Australian citizen or permanent resident. From 1 April 2025 to 31 March 2027, foreign persons including many temporary residents generally cannot buy established dwellings. Permanent residents and New Zealand citizens are exempt. New dwellings and vacant land still need ATO … Read more

Agreeing to guarantee a home loan can put the guarantor’s own property, credit record and future borrowing at risk. The arrangement can help a serviceable buyer overcome a deposit gap, but the benefit to the buyer does not reduce the legal obligation taken on by the guarantor. Australian lenders offer different forms of guarantor support. … Read more

Family Pledge is St.George’s name for a family-guarantee option, not the name of an Australian government scheme or a universal loan category. Under the current product, an eligible relative can use equity in their home to guarantee a limited part of the buyer’s loan. St.George says the guarantee can be limited to a specific amount … Read more

There is no single national salary for Australian mortgage brokers. An employed broker may receive salary and performance pay, while a business owner usually earns lender commission after the aggregator split and business costs. The contract and current fee schedule determine the real amount. Gross commission is only the starting point. Aggregator charges, wages, software, … Read more

The clearest historical peak is 17.00% in January, February and March 1990 for the RBA’s bank standard variable owner-occupier housing indicator series. That figure names one consistent product series. It does not mean every borrower paid the same rate. The 0.10% figure reached in November 2020 was the RBA cash-rate target, not the lowest mortgage … Read more

Rural loans in Australia can finance a country home, lifestyle acreage or a working farm. The right loan depends on how the property will be used. A home that happens to be outside a city may fit residential lending, while land bought mainly to produce farm income will usually need agribusiness finance. Start with the … Read more

Bring Your Own Brand describes LMG‘s own-brand model for brokers who keep their trading identity while using the group’s infrastructure. LMG now presents this choice as building under your own brand, alongside the Loan Market-branded path. The brand choice is separate from credit licensing. The model suits a broker who wants clients to see the … Read more

Based on the Australian lender sources reviewed for this guide, portfolio loan is not presented as a standard consumer-loan category. The relevant structures are described as one facility secured by multiple properties or as cross-collateral lending. The actual contract and lending criteria therefore matter more than the informal label. A lender using several properties as … Read more

A credit-impaired home loan in Australia is a specialist or non-conforming product for a borrower whose credit history still shows defaults, a court judgment or an AFSA bankruptcy. It is a lender label, not an ASIC category. OAIC explains that credit reporting bodies and credit providers calculate scores from Australian credit information, while each lender … Read more