Get to know the key players in the property purchase
When you buy a home, there are several key players who will be a part of your property journey. Find out who’s who – over on today’s blog!
Your home loan doesn’t have to be a life sentence
Did you know ‘mortgage’ is actually an old French word that translates to ‘death pledge’? The good news is that in 2022, taking out a home loan doesn’t have to be a life sentence.
The pros and cons of a variable rate home loan
When you take out a mortgage, you will choose a variable, fixed or split interest rate. We’ll look at the pros and cons of a variable rate home loan. A variable home loan is a loan in which the interest rate varies over time. It can go up or down depending on the market …
Is Now a Good Time to Refinance?
Time to Refinance Loan There’s been a lot of talk about interest rates and lending in Australia over the past 18 months. The Reserve Bank of Australia (RBA) has made history with their reductions to the official cash rate, property prices in South East Queensland seem to be skyrocketing and lenders are scrambling to keep …
Interstate Buyers Driving South East Qld Sales Surge
A surge in interstate migration to South East Queensland is driving a spike in property sales and growth in demand for home loan applications, says a leading Queensland finance brokerage. Brisbane-based Borro™’s owner Cara Giovinazzo said pre-approval requests from property buyers were “going through the roof” with many real estate agents requesting written evidence of …
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Brokerage Relaunches as borro™
A leading Queensland brokerage has relaunched with a new name and service offering which its owner and founder believes better reflects the company’s business operations and obligations. Brisbane-based CGIO Finance has become ‘borro™’, with owner Cara Giovinazzo declaring the brokerage will be able to allow customers to compare, apply and save on a wide range …
Sheena Shines from Mentoring
A Brisbane mother of two has excelled in her first weeks as a finance and mortgage broker, showing the benefits of being personally mentored by her boss. Sheena Briffa started last month as a broker with Borro™ at Loganholme in Brisbane and is under the wing of the firm’s owner Cara Giovinazzo. Ms Giovinazzo said …
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 …
Tread Carefully with Interest Free Credit Cards
Consumers considering the new interest free credit cards launched by the National Australia Bank (NAB) and the Commonwealth Bank of Australia (CBA) need to tread carefully and do some research, says a Queensland finance broker. Borro™ Owner Cara Giovinazzo warned consumers should “not be fooled” by the term interest free as the “true” interest rate …
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 …
