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Broker slams major banks over lending criteria

The tougher lending criteria being imposed by the major banks, particularly in regards to living expenses, is silly and irrelevant, the former CEO of the Australian Institute of Professional Brokers has argued. Speaking to MPA’s sister publication Australian Broker, founder and owner of Melbourne-based Universal Wealth Management, Maria Rigoni, says the tougher rules are hurting […]

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Managing A Holiday Home

Before you take the leap into holiday-home investment, it is essential that you consider all angles. This means taking your heart out of the equation and giving thought to rental returns. When deciding whether or not to buy a house or unit, you’d be best served to consider location first. In fact, location has a […]

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Lender (NOT MORBANX) penalised for overcharging consumers!

An Australian lender has been fined by ASIC for overcharging its clients. Following ASIC intervention, Fair Go Finance Pty Ltd has paid $34,000 in infringement notices for overcharging interest and establishment fees on payday loans. Fair Go Finance will also refund approximately 550 consumers around $34,500 for the interest and fees it collected from consumers in […]

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