First Roundup of 2020

I hope you are all safe and well after New Year and not as smoke logged and some of us have been. My thoughts go out to all affected.

The New Year has kicked off with much postulation about what the year ahead might hold. I would anticipate that the next week will start to see many lenders marketing campaigns kick into gear. I think that if these campaigns centre around reduced rates especially fixed rates that it will give a clearer idea on what the banks think the RBA will do with the cash rate.

There is an increasing number of pundits who believe that we will see another two cuts this year.

What I know we will see this year, is an increasing focus the quality of broker originated loans. We will see greater scrutiny on why loans were recommended for clients, along with why were others were dismissed. We will be required to know our clients better, in more intimate detail if that is even possible.

What this means on the flip side of everything is that the time it takes to get a loan lodged and approved will not get any quicker any time soon. Managing your expectations of time frames is imperative.

I always keep my clients in the loop as to what is going on even if there is no information.

It is a great time of the year to start fresh. Give your home loana health check, just like people loans need health checks too. Many Australians pay too much because they are not even sure where to start. I can help and do nearly all the heavy lifting for you!

I look forward to being a greater help to you in 2020.

Justin

Scenarios quoted above are suggestions and constitute general advice only.