archerwealth

Australia’s lending rules have undergone a significant overhaul in recent times, and as a borrower, it’s essential to be aware of the changes. The Australian Prudential Regulation Authority (APRA) has introduced new lending rules to ensure that financial institutions operate within safe and sound lending practices. These new rules aim to protect borrowers from over-indebtedness and financial institutions from excessive risks. The new lending rules require lenders to scrutinize borrowers’ expenses and income more closely than ever before. Under these rules, lenders are required to use more realistic expense benchmarks when assessing a borrower’s capacity to repay a loan. The new expense benchmarks are based on the household expenditure survey data, and they reflect the average amount Australians spend on various items such as food, clothing, and transport. Additionally, the  Commercial Private Lenders Sydney  require lenders to be more stringent when assessing a borrower’s capa...

Private Lenders Sydney,  we understand the importance of building strong relationships with mortgage brokers. These professionals play a crucial role in connecting borrowers with the financing they need to achieve their goals, whether it be buying a new home, refinancing an existing mortgage, or investing in property. In this article, we will explore the reasons why it is essential for private lenders to cultivate strong relationships with mortgage brokers and how these relationships can benefit both parties. Access to a Wider Pool of Borrowers Mortgage brokers have a vast network of clients, many of whom may be seeking financing for their next big project. By partnering with mortgage brokers, private lenders can access a wider pool of borrowers, increasing their chances of finding the right fit for their investment portfolios. This, in turn, can help to boost their returns and support sustainable growth. Expertise in the Market Mortgage brokers are well-versed in the complexities ...