Biography
Paul founded Econ-Finance in 2000 and his dedication and professionalism has helped grow his business. He consistently provides excellence in customer service, product knowledge and lender relationships. As result, Paul achieved entry into both the ‘Top 100 Brokers’ for residential loans written in 2008 and 2007, and ‘Top 40 Commercial Brokers’ in 2008 and 2007 as compiled by Mortgage Professional Australia. Furthermore he was nominated a finalist of ‘Broker of the year’ in New South Wales 2006 and the firm nominated for ‘Business of the year’ in New South Wales 2006 by PLAN Australia. Paul’s achievements are also recognized on a national level he consistently receives a Platinum Award for sales excellence within the industry. He holds Diploma’s of Law (Sydney Uni), Mortgage Lending, and Financial Services – Finance/Mortgage Broking. Outside business hours, he enjoys playing basketball, having a punt and spending quality time with his wife and three boys.
Changes made for first-home buyers in NSW
The stamp duty concessions for first home buyers wanting to buy established homes will be scrapped by year end. This means from 1st January 2012 the stamp duty exemptions will only apply to those who purchase new or off the plan homes.
Housing Finance Market Wrap
Housing finance data from the ABS for March 2011 released this week showed that owner occupier finance commitments continue to fall however, first home buyer and investor activity improved over the month. Total owner occupier finance commitments fell by -1.6% during the month to their lowest level since February 2001. Looking at the components, refinances
NEW or OLD – Which investment is suitable for you?
Property investment is not just about whether you decide to buy a unit or a house, you also have the option of new or old. There are advantages for both, and it really comes down to your short and long term objectives. Where you intend to purchase the property will also influence what type
Drive your mortgage down quicker with a mortgage offset or redraw facility
You might not be aware that a number of handy features are available with your home loan to help you manage it more effectively – the most common being mortgage offset accounts and redraw facilities. Both features can make a significant impact as part of a mortgage reduction strategy, taking years off your mortgage and
Buying at Auction? Tips to help you get the property you want.
Auctions are a fast, practical and effective way to make a home purchase or investment. If you’re considering buying at auction, here are a few pointers to give you a head start over the competition: – Have pre-arranged finance: it’s a good idea not to place a bid on a property until you have pre-approved finance.
Help your children fly from the nest
Rising property prices are making it increasingly difficult for first home buyers to save the deposit required by banks to secure a mortgage. Coupled with rising property prices, it’s becoming more and more difficult for budding buyers to step onto the property ladder. There are some solutions – including being a guarantor on your
Self-employed and looking for a loan? Here are some tips
The credit crunch and resulting squeeze on liquidity, coupled with the Australian Government recent crackdown on responsible lending, has made it harder for the self-employed to secure a loan. But with one in 10 Australians now self employed, there is still a strong industry servicing this sector and opportunities are still available for self employed
Add value through renovation
Regardless of whether you plan to sell your property now or years into the future, some simple home improvements will not only add value to your property, they will also increase the quality of your day to day home life. The first and perhaps the most important method for increasing your property value is to
June Quarter Economic Wrap
After three consecutive rate rises, the reserve bank of Australia (RBA) left the official cash rate on hold in June. The RBA has raised the official interest rate six times since last October, pushing it from the historic low of 3 per cent last year to a more neutral setting of 4.5 per cent. Renewed
Home Loans in Sydney: Why use a mortgage broker?
Given the size of home loans in Sydney, it is probably the biggest expense you will ever have, and it pays to get the best advice possible. A mortgage broker can be seen as a home loan expert. Read More
