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 …
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 …
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 …
Interstate Buyers Driving South East Qld Sales Surge Read More »
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 …
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 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 …
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 …
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 …
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 …
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™, …
