Nick Bateup

LoanDeck

Gordon NSW

English

4 posts

Nick BateupLoanDeck

Why is it so hard to get a home loan lately?

Since May 2022 the RBA has increased the RBA Cash Rate by 4.25%. The increase in rates has meant that the rate used by lenders to determine whether a customer can service a loan or not has also increased by roughly 4.25% meaning that the amount you could... more

Nick BateupLoanDeck

How do I buy a house if I need to sell my house for the deposit?

You may be able to use a Bridging Loan if you have enough equity in your existing home i.e. where the value of your current home is higher than the existing loan attached to the home. A Bridging loan may allow you to borrow the full amount of the new property... more

Nick BateupLoanDeck

Is it better to use a mortgage broker or bank?

Mortgage Brokers currently write around 70% of all new business written in Australia. Mortgage Brokers have access to multiple lenders (over 30) including the 4 big banks and their other Brands i.e. St George, uBank, BankWest. If you go to a Mortage Broker... more

Nick BateupLoanDeck

What is the role of a mortgage broker, and should I use one?

A Mortgage Broker's role is to find their customers a home or investment loan that best suits their needs. Under Best Interest Duty (BID) legislation, a Mortgage Broker must put the interests of their customer ahead of their own interests when providing... more