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Loyalty Tax – Is Your Bank Charging You?

‘Loyalty Tax’ is a hidden cost that mortgage holders who are blindly loyal to their bank could be paying, without even knowing it. This misguided loyalty could be costing borrowers tens of thousands of dollars by needlessly accepting higher interest rates on their home loans, says a Queensland finance broker. Borro Owner Cara Giovinazzo said long-term…

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Don’t be Bullied by Banks on Repayments

Mortgage holders preparing for the end of COVID-19 induced repayment holidays should not cave into pressure or bullying from banks if they cannot currently afford to resume paying off their home loans, says a Queensland broker. Borro Owner Cara Giovinazzo said along with the federal government’s JobKeeper scheme, the six-month mortgage holidays which have frozen…

investment property mortgage

Buyer Beware with HomeBuilder

Prospective home buyers eager to get into the market to take advantage of generous government incentives headed by the $25,000 HomeBuilder grant need to be cautious to avoid falling into a poor investment trap, says a Queensland broker. Borro Owner Cara Giovinazzo said even though the HomeBuilder grant boosts the construction sector and enables people to achieve…

Broker launches mentorship program

Broker launches mentorship program

A Queensland broker has launched a mentorship program for young women looking to enter the financial services sector, both as an acknowledgement of the additional roadblocks female industry entrants may encounter, as well as an homage to the assistance she herself received when starting her career. Brisbane-based finance broker Cara Giovinazzo started the program at Borro,…