A mortgage broking company has announced the launch of a new franchise operation... 'Refinancing avalanche' to follow cash rate cut...
Brokerage launches new franchise operation
MoneyQuest has today formally announced the launch of its new franchise operation. Managing director and finance industry leader, Michael Russell, said
MoneyQuest is breaking new ground in the Australian finance market with its heightened level of broker support and digitally-empowered infrastructure.
‘MoneyQuest has long been known for its superior service and innovative practices. We have always attracted mortgage brokers of a certain ilk – brokers who are committed to building successful businesses they can call their own. Becoming a franchise offers the perfect opportunity to leverage our already progressive culture and give brokers a supportive and stimulating environment like no other,’ said Russell.
The new franchise system is backed by an onsite film studio, a new online training academy and a strong multisource lead flow.
'Refinancing avalanche' to follow cash rate cut
Within 24 hours of the central bank's rate cut announcement, 11 lenders, including the Big 4, confirmed they will pass on cuts to their home loan customers, according to finder.com.au.
Bessie Hassan, Money Expert at finder.com.au said, "While this outcome sounds promising, it represents just 15% of all home loan providers on finder.com.au's database. Of the 74 providers on our database, there are 63 who are yet to make any announcement regarding passing on a cut to their home loan customers. What are they waiting for?”
With more lender announcements due in coming days, the home loan market is on high alert for a rush of mortgage customers looking to refinance or fix their loans. There has already been a 40% increase in the number of customers looking to refinance on finder.com.au since the rate cut announcement.
“Now that home loan customers have had time to digest the record-low level they are starting to look at what interest rate they are paying and may be questioning why they’re paying so much,” she says.
“Particularly for those whose lenders are yet to announce a cut, or pass it on in full, customers will want to explore their refinancing options."
MoneyQuest has today formally announced the launch of its new franchise operation. Managing director and finance industry leader, Michael Russell, said
MoneyQuest is breaking new ground in the Australian finance market with its heightened level of broker support and digitally-empowered infrastructure.
‘MoneyQuest has long been known for its superior service and innovative practices. We have always attracted mortgage brokers of a certain ilk – brokers who are committed to building successful businesses they can call their own. Becoming a franchise offers the perfect opportunity to leverage our already progressive culture and give brokers a supportive and stimulating environment like no other,’ said Russell.
The new franchise system is backed by an onsite film studio, a new online training academy and a strong multisource lead flow.
'Refinancing avalanche' to follow cash rate cut
Within 24 hours of the central bank's rate cut announcement, 11 lenders, including the Big 4, confirmed they will pass on cuts to their home loan customers, according to finder.com.au.
Bessie Hassan, Money Expert at finder.com.au said, "While this outcome sounds promising, it represents just 15% of all home loan providers on finder.com.au's database. Of the 74 providers on our database, there are 63 who are yet to make any announcement regarding passing on a cut to their home loan customers. What are they waiting for?”
With more lender announcements due in coming days, the home loan market is on high alert for a rush of mortgage customers looking to refinance or fix their loans. There has already been a 40% increase in the number of customers looking to refinance on finder.com.au since the rate cut announcement.
“Now that home loan customers have had time to digest the record-low level they are starting to look at what interest rate they are paying and may be questioning why they’re paying so much,” she says.
“Particularly for those whose lenders are yet to announce a cut, or pass it on in full, customers will want to explore their refinancing options."
