Finance - The Game has Changed

AAA Game Changed  In need of Finance in 2019?

Comprehensive Credit Reporting and the new Open Banking world will have an effect on your mortgage approval.

Will it be easier or will it be Harder? Let's find out...


The way Australian lenders assess borrowers continually evolves.

In 2018, the major banks began Comprehensive Credit Reporting, including providing “positive” information to credit reporting agencies about borrowers, such as how often they pay bills on time, as well as more detailed information on credit accounts such as dates opened and closed, credit limits and the type of credit provided.

In 2019 this is stepped up further with the major banks beginning to provide access to data regarding your credit and debit cards, deposit and transaction accounts, and later in 2020 on mortgage accounts.

Why does this matter?

  • It’s now easier for lenders to get a more complete picture of your spending habits and your repayment history when assessing your loans.
  • Lenders will be able to see your day to day living expenses, rather than relying on estimates.
  • You will have the power to share your data with any other provider you want which could possibly assist in negotiating a better deal for your financial products if you have a good history and your spending is in check.

How to make your comprehensive credit report shine

  1. Pay your debts on time, including bills for mobile phones, internet and utilities.
  2. Do not overdraw your credit card and be careful with services like AfterPay and zipPay as they may appear on your credit report.
  3. Be careful with discretionary spending like Uber Eats, sports bets and nights out.
  4. Check your credit score to ensure there is no incorrect information or outstanding credit facilities like old store cards*.

Whether you are looking for your first home, next home, an investment or to refinance, contact us today to review your situation.

We can, with your permission, assist you to check your credit file and provide you with guidance to help make the loan process as smooth as possible.

With access to over 35 lenders, we can provide you with choice, and options to secure your finance... the game is no longer just about interest rates... it is about matching your circumstances to bank policies so that you obtain the loan approval you are looking for.

 

https://www.moneysmart.gov.au/borrowing-and-credit/borrowing-basics/credit-reports

Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House
Mortgage Broker Gold Coast, Mortgage Brokers Gold Coast, House Deposit Percentage, How Much Deposit do I Need to Buy a House

Award Winning Mortgage Broker.

Follow us

  • Join us on our very own YouTube Channel

    Join us on YouTube for Go Mortgage TV Start Watching Now

  • Join us on Facebook

    Join the Go Mortgage Facebook page for giveaways, competitions, finance information and announcements. Join Us

  • Follow us on Twitter

    Like to Tweet? Follow us on Twitter for giveaways, competitions, finance information and announcements. Follow Us

  • Follow us on Google Plus

    Join the Go Mortgage Google Plus page for giveaways, competitions, finance information and announcements. Join Us

Office Business Hours

Our client support line is
available 9 Hours a day on
1300 855 244

Monday-Friday: 7.30am to 4.30pm
Weekend: By Appointment Only

Email Us

Office Location

  • GOMC_Logo_-_Square_-_White 1/14-28 Ivan Street,
    Arundel QLD 4214
  • mailPO Box 99
    Biggera Waters 4216
  • E-mail open-512Email Us

Client Support