Queensland Police Credit Union partners with Australia’s largest mortgage broker group

QUEENSLAND POLICE CREDIT UNION LIMITED (QPCU) HAS ANNOUNCED IT WILL BE PARTNERING WITH AUSTRALIAN FINANCE GROUP (AFG), BECOMING ONE OF THE ONLY QUEENSLAND BASED MUTUALS ON ITS PANEL.

QPCU Sales and Distribution Executive Manager Lee Slattery said he saw AFG and its brokers as key partners that will be essential to providing QPCU’s lending products to new and existing eligible members.

“We see brokers and the unique benefit they offer customers as a critical part of our future growth and essential in providing our members with more ways to do business with us,” said Mr Slattery.

“We consider AFG an ideal partner for us because they understand Queensland and have a great link with our existing membership of police, emergency services, health workers and public servants”.

“With this partnership in place, we hope brokers see QPCU as a real alternative for eligible members across Queensland who are looking for great products, rates and personal service from a lender that is member focused and always looking to give back to its community.”

AFG Qld State Manager Beccy Ras said, “AFG has over 500 mortgage brokers servicing all areas of Queensland which will mean QPCU Members throughout the state will have the benefit of being able to access QPCU’s unique range of products and services through a local expert.”

QPCU CEO Grant Devine said regional members would benefit from access to accredited brokers trained in QPCU products, who will be able to provide convenient face-to-face service.

Source:?Queensland Police Credit Union partners with Australia’s largest mortgage broker

Investment lending effected by property prices

The property booms in Sydney and Melbourne have begun to affect investment lending and have ripple effects for borrowers throughout Australia.

Earlier this year, the Australian Prudential Regulation Authority (APRA) grew concerned about skyrocketing property prices. They?asked the major banks to ensure their investment?lending did not grow by more than 10 percent.

When investment lending and home prices kept climbing, APRA stepped in, forcing the big banks to bump up interest rates on their investment loans. Some banks have also increased?deposits for investment properties from 10 to 20 per cent in a bid to thwart activity.

The rapidly changing market has left many investors looking for new lenders. Additionally, those owner-occupiers with interest-only loans, commonly used by investors, have been left wondering if they will be?penalised unintentionally.

Adding further pressure to interest rates is APRA’s requirement for major lenders to maintain higher cash reserves to withstand loan defaults in the event of an economic?downturn.

If you are looking to invest in property or have an interest-only loan, talk to your mortgage broker about navigating these changes and securing the right loan for your?circumstances.

Ex-AFL legend now a star on a new playing field

A household name when it comes to football, premiership winning player and former Port Adelaide club captain Dom Cassisi is now creating a name for himself as the rising star in the finance industry, helping householders across South Australia find the right finance.

At AFG’s High Achievers Gala Dinner on Saturday?night Dom took out the prestigious Rising Star Award for the 2014/2015 year. The award is based on the volume of business written by a new entrant into mortgage broking.

AFG State Manager Alan Walker congratulated Dom on his award: “Dom’s impressive business results are a testament to the fact he is able to bring his leadership skills from the footy field to the finance field.

“Having only commenced finance broking a year ago, Dom has enjoyed a stellar rise, fast becoming one of the industry’s fastest growing mortgage brokers.

“With Dom’s impressive results to date, we’re sure he’ll continue to lead the way.

Dom Cassisi says he’s been thrilled with his success in what is such a buoyant and dynamic time for the industry.

“I am really honoured to receive this award, up against some tough opposition! The transition from full-time football to finance has been a rewarding experience. Helping my clients navigate through one of the most important decisions they will make to find the right solution to meet their individual needs is really satisfying.

Dom’s business Funding Options operates from Norwood and draws clients from all over the state.

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AFG Media Release – Ex-AFL legend now a star on a new playing field

Award success for AFG and members

Leading mortgage broker AFG congratulated their members taking home awards from The Adviser Australian Broking Awards in Sydney today and took the time to celebrate their own success in winning two award categories.

AFG General Manager Sales and Operations Mark Hewitt was in Sydney for the awards, “I would like to congratulate AFG members who took home awards today.? The New South Wales team of Shore Financial won the award for New Office of the Year, and Mary Nebotakis from NatLoans in Victoria took out the title of Asset Finance Broker of the Year.

“The awards are fantastic recognition of the strength of these businesses and they are very worthy winners.”

AFG also won two awards recognising the company’s commitment to innovation and technology.

“AFG was presented with the Technology Platform of the Year award, recognising the group that has developed the most effective technology platform for brokers that integrates core functionality but is also user-friendly, easy to maintain and adds to a broker’s service proposition.

“In addition, it recognises the best platform that provides scope for ongoing development and simple integration with other mainstream technology.

“AFG also won the Broker Marketing Platform of the Year award for the effective use of a marketing platform to drive business development and client retention.

“The award recognises our commitment to the growth of our members’ businesses through the SMART marketing program, Commercial SMART, member websites, Business Intelligence, branded FLEX tools and the marketing materials available for AFG members,” he said.

AFG strives to deliver a marketing and technology offer that is industry leading and these awards are testament to the continued dedication to all those in our business committed to the continued innovation of these systems to help our members achieve business success