Posts Tagged ‘Loans’

Natasha, Charlene and Clayton had these comments after their  Home Loan Finance experience with Channel Direct Home Loans

“We truly believe that we woudn’t have got this home (our dream home by the way) if it wasn’t for Robyn. Thank you so much. It is more than a house, it’s our home,our dream and the future we want to provide for our child. Robyn did a wonderful job and we look forward to our future interaction with her.”

Can we help you, for a no obligation consultation inquire here 

 Melyn had this to say about the experience she had with Channel Direct Home Loans.

“ As a first Home Buyer the Process was rather daunting, however with the help of Channel Direct Home Loans the entire process became stress free.”

 Thanks Robyn

For a no obligation consultation contact us here

At Channel Direct Home Loans we are pleased to be able to assist in the process of purchasing a home. This could be your first home or your next investment property, refinancing an existing loan, or you are simply moving to a new location in Jesmond 

Simply contact us  and give us the details of the property that you are interested in.

At Channel Direct Home Loans we are pleased to be able to assist in the process of purchasing a home. This could be your first home or your next investment property, refinancing an existing loan, or you are simply moving to a new location in  Bonnells Bay over looking Lake Macquarie

Simply  contact us  and give us the details of the property that you are interested in for your complimentry report.

 Channel Direct  Home Loans mortgage brokers assist clients source the loans suitable to their wants, needs and goals by offering  a choice of lenders and products.

Lenders are falling over themselves to attract business particularly with slashing their fixed rate products.  As mortgage brokers, we have all this information at our finger tips and it is exciting to see some competition back again. Read the rest of this entry »

August issue of industry magazine “Australian Broker” presents industry experts agreeing that “Low-Doc” Lending is now effectively gone or will be gone with the National Consumber Credit Protection (NCCP) laws coming into effect as from 1st January 2011.  This legislation requires brokers and lenders to obtain adequate information and take “reasonable steps” to verify a borrower’s situation at the time of application, requiring additional documentation.  Therefore, a borrower who self certifies his income solely will no longer be accepted.

The irresonsible practices in the US market which preceeded the global financial crises has seen low doc lending in Australia being tarred with the same brush despite our lenders having more stringent processes.  It all comes down to whether Lenders and their repesentatives having done their due diligence as to the loan being “suitable”.

Low doc products remain currently.  However,  1st January 2011 will tell a different story.

Next business deadline June 30 2010

We have now entered the final quarter of the financial year and many small businesses and self employed business owners may be considering, is this the right time to update some of my vehicles or equipment to take tax advantages for the current financial year.

This is a question you should make after consultation with your accountant and they will advise you if it is of benefit and as to the most effective way of funding such a purchase.

Channel Direct Home Loans has established a relationship with many of the major equipment and vehicle financiers such as Westpac, Esanda, St George, Macquarie, and Commonwealth. Read the rest of this entry »

Credit Test – How will you rate?

Changes are being introduced by the Government on how and what information is going to be stored on your credit file.  By next year, we will have comprehensive credit reporting.  Currently there is only a bare amount of information stored on your credit file e.g.  Date of Birth, Last known address, prior addresses and the number of credit enquiries you have made to a provider over the last 5 years. It includes information on loans you have defaulted on or bills not paid where the provider has notified the credit bureau.

Once the changes come in, more comprehensive data will be disclosed.  The Credit Bureau (Veda) will include the details of your credit accounts, the type, total amount of the loans, when they were opened and closed.  Anyone with access to your file will see details of how you have repaid your loans, whether you have slipped behind by a month or two or missed a payment. Read the rest of this entry »