michael sterios

The Future of the Mortgage Market – Part 4

The mortgage broker profession in Australia should survive the credit crunch and become prosperous again. The profession still isn’t accredited under a government program but it will be soon. When the industry becomes regulated in a similar fashion to the... Read >

Investing in Property Popular Again

There has been a large influx of mortgage applications since investors fled the share market, leading to a backlog at some major lenders. Strict new lending criteria are adding to delays, as is the inexperience of home buyers having trouble navigating a m... Read >

Required Information When Looking For A Mortgage

If you're looking for the truth about being able to compare mortgage lenders, then you'll definitely want to spend a little time on this article. There are three things which need to be done to get the best rate on your mortgage. The first thing you need ... Read >

Guide to Mortgages in Australia - Part 3

This is the third article in a series of articles on home loans in Australia. From these articles, you can catch up on mortgage news and information that can you can use to your advantage when applying for a home loan. This article continues with an analy... Read >

Mortgage Backed Securities During the GFC

Australians have a strong homeownership culture, with Australians on average turning over property every eight years. The fact that Aussies like to own their own homes combined with the fact that their interest rate payments are not deductible mean that t... Read >

Financial Distress and Your Credit Rating

When the times are good, hardly anyone asks the “what if" questions. What if I become unemployed? What if my business doesn’t do well this year? What if we can’t pay the mortgage or the credit cards? The very important message that comes from banks, finan... Read >

How To Keep Paying Off Your Mortgage

It is no trouble to talk about some things, like whether your home team won on the weekend. Then there are other subjects, like falling behind on your mortgage, people won't talk about even if their life depended on it. You won't have any problem getting ... Read >

Guide to Mortgages in Australia - Part 2

This is the second in a series of articles on mortgages in Australia. From reading these articles you will get up to speed with some mortgage news and information that can help you choose a home loan. Here we’ll continue with a look at the different types... Read >

Taking Care of Your Credit Score Before Applying for a Mortgage

If you are looking to apply for credit, the provider will want to assess your ability to service the credit. This is also true of service providers, such as phone companies, who will want to know whether you are likely to pay your bills or not. The mo... Read >

The Future of the Mortgage Market – Part 3

Unemployment is certainly a statistic that prudent Mortgage brokers should keep an eye on during the coming year and beyond. The base rate drops have made funding cheaper to businesses which might mean that businesses need to lose fewer staff to keep thei... Read >

The Purpose of the MFAA

The Mortgage and Finance Association of Australia is also known as the MFAA. It’s main purpose is to protect consumers from unscrupulous operators in the finance industry by maintaining professional standards among its members. The MFAA has previously... Read >

The Importance of Checking Your Credit Report

It is a good idea to check your credit report before you apply for any type of credit. Your credit report will show the history of your credit activity. When you apply for credit, this information will be used to assess whether you are able to get credit,... Read >

Home Loans and Lenders Mortgage Insurance

Lenders Mortgage Insurance (LMI) protects the lender in the event that a mortgage borrower defaults on their loan. Not all home loans require LMI, only those for which there was a small deposit put in by the borrower. In the past, mortgages were only ... Read >

The Future of the Mortgage Market – Part 2

Estate agents, magazines, newspapers, websites, and even mortgage brokers were enticing people to buy almost any property they could get their hands on citing extraordinary historical capital growth rates as a basis for expecting the same growth in future... Read >

Interest Rates and Mortgage Stress

Mortgage stress hit the headlines in 2007 and stayed there, despite falling interest rates over the last two years. Now, with the Reserve Bank raising interest rates, and being set to raise them twice again before Christmas, as many as 70,000 households i... Read >