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Media Release

Borro - Media Release #2

Home Buyers Hurt by Buy Now Pay Later Purchases

Prospective property buyers are jeopardising their chances of securing a home loan because purchases made through buy now pay later (BNPL) facilities are hurting their credit score, says a leading Queensland finance brokerage. Borro™ owner Cara Giovinazzo said lenders had been taking a harder line on BNPL activities and just a couple of transactions could …

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Home Loan Service

Banks Holding Customers to Ransom

Big banks are effectively holding some of their customers to ransom by trying to enforce excessive terms of notice for discharging a loan, says a leading Queensland finance brokerage. Brisbane-based Borro™’s owner Cara Giovinazzo said she had been receiving complaints from clients about banks making it harder for customers to leave them by blowing out …

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mortgage broker queensland

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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cash back

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 …

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debt consolidation loans

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 …

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