Track My Trail Team Redraw is a feature on some home loans that lets you withdraw extra repayments you have already made above the required minimum. If your required repayment is $2,500 a month and you have been paying $3,000, the accumulated extra sits as available redraw you can pull back out when needed. It works differently from an … Read more
The cash rate is the interest rate the Reserve Bank of Australia sets for overnight lending between banks, while a home loan interest rate is what your client’s lender charges on their mortgage. The two are linked: the cash rate influences funding costs across the market, but each lender sets its own rates and does … Read more
A prime home loan is standard lending for borrowers who fit mainstream bank policy: clean credit, verifiable income and a deposit that keeps the loan within normal risk limits. It is the benchmark product of the Australian market, which is why lenders price it sharpest and process it fastest. Understanding where the prime boundary sits … Read more
The top current mortgage-broker awards in Australia are the Australian Mortgage Awards, the MFAA Excellence Awards and the FBAA Awards of Supremacy. All three have active 2026 programs and published categories for brokers or broking businesses. The Australian Mortgage Awards has the broadest national comparison across brokers, brokerages and industry businesses. MFAA members can progress … Read more
A variable rate home loan moves with market conditions and the lender’s funding costs, while a fixed rate locks your interest rate and repayment for a set period, usually one to five years. Everything else in the comparison flows from that single difference: certainty versus flexibility. Neither option is universally better. The right choice depends … Read more
Most Australian mortgage brokers earn through a combination of upfront commissions on settled loans, trail commissions on their existing book and, for employed brokers, a base salary on top. Actual incomes vary enormously because two brokers with the same years of experience can sit at completely different points depending on book size, commission splits and … Read more
An Islamic home loan is a home-finance structure designed to comply with Islamic law, which prohibits riba (interest) and gharar (excessive uncertainty). Rather than lending money at interest, the financier buys the property alongside the customer or sells it on deferred terms, and profit comes through rent, margins or a shared sale instead of interest … Read more
The Women in Finance Awards are an annual awards program that recognises the achievements of women across Australian financial services, including lending, broking, fintech, insurance and wealth. Categories span individual excellence, leadership, innovation and organisational initiatives, with winners announced at a gala dinner each year. For brokers and brokerages, the awards matter in two ways: … Read more
A broker portal, often called a broker hub, is a lender-run website where accredited brokers lodge applications, track progress, request pricing and read current policy. Each lender maintains its own portal, and day-to-day broking means moving between them constantly. This page explains what these portals do, lists the Australian lender portals worth bookmarking, covers the … Read more
A business loan is finance provided to a business for business purposes: covering working-capital gaps, buying equipment or vehicles, funding premises or backing expansion. Unlike a home loan, it is assessed mainly on the cash flow of the business rather than a household budget, and it can be secured by property or assets or written … Read more