Despite looming loan interest rates hikes, first home buyers are maximising their borrowing capacity to enter the market. It’s becoming increasingly important for potential buyers to take into account these expected rate rises.
Mortgage Broker Sydney’s principal Michael Brown recently spoke with the Sydney Morning Herald about how different types of buyers are reacting to the current market slowdown where prices remain high. Read the article here: https://www.smh.com.au/property/news/sky-high-prices-push-potential-home-buyers-to-borrow-to-the-max-20220408-p5ac0m.html
If you’re a home buyer wanting to understand more about your borrowing capacity, contact us at Mortgage Broker Sydney and we can help your get started in the loan process.
Michael began his career in the finance industry over 35 years ago. He progressed through the ranks at the CBA in both retail and corporate lending, culminating in a senior position as a Corporate Relationship Executive. His decision to leave the bank in 2003 to become an independent mortgage broker was driven by his desire to assist everyday customers break through the jargon of the banking world and access the best loan products in the market. His experience is wide-ranging from helping first time buyers to large commercial enterprises. What Michael doesn’t know about home loans, simply isn’t worth knowing!