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Monthly Archives: February 2019

Prime Minister Supports Mortgage Brokers

February 15, 2019 in Insider Tips, Latest News

Prime Minister Scott Morrison has confirmed his support for Mortgage Brokers in an address to the National Press Club, & warns Borrowers will suffer if the Parliament votes to hand power back to the banks.

Prime Minister supports Mortgage Brokers & warns Borrowers will suffer if Parliment votes to hand power back to the banks …(Please view)

Posted by DPF Mortgage Specialists on Thursday, 14 February 2019


Q: What can you do to protect yourself & your family ???

A: Talk directly to your local MP and the other candidates running in the upcoming Federal election.

Make them earn your vote by ensuring they will be looking after your best interest rather than the banks !!!

Urgent Reminder for Gold Coast Property Owners …

February 13, 2019 in Insider Tips, Latest News


Today is the FINAL DAY to receive the discount for your City of Gold Coast Property Rates Bill.

Why pay more than you need to ???


Borrowers will suffer higher interest rates if the Royal Commission hands more power to the Big Banks

February 8, 2019 in Insider Tips, Latest News

The attached link contains a Sky News interview with a local Mortgage Broker who explains, in a clear & common sense manner, how Australian families with be the big losers if the Royal Commission hands more power to the Big Banks.

Well worth watching if you have a Home Loan.




How will the Royal Commission Report impact Borrowers who use Mortgage Brokers ?

February 5, 2019 in Insider Tips, Latest News

Considering over 59% of borrowers prefer to use the services of mortgage brokers to source & structure their new Home Loans, there is little or no surprise that the role of the mortgage broker was to be reviewed by the Royal Commission. After all “Trust” was the cornerstone of the inquiry and consumers clearly need to be able to trust their mortgage broker. The positive findings (which the media has apparently omitted to report thus far) is that the mortgage broking industry was the only industry to be separated out and praised for the contributions brokers make to lowering borrowing costs and ensuring competitive pressures remain in the interest of consumers.

My only concern relating to the Royal Commissioner’s Report is the recommendation that borrowers should pay brokers for the service they receive. This is a massive change from the current system whereby the costs of the broker are borne by the banks. Given that the role of the broker is to assist clients to reduce their lending costs, I am at a loss to explain how the Commissioner believes this recommendation could actually benefit the consumer. More likely this would only benefit the banks to increase their already massive profits.


Q: Why do the banks currently pay the broker rather than the borrower ?


A: The banks are keen to offer lower interest rates & pay the broker costs as this expense is significantly lower than the costs the bank would incur to employ more lending managers + open more branches + increase marketing & advertising, etc.


 Please note that the Royal Commissioner’s Report is only 24 hours old and no changes have been made as yet. The time frame for the government to act on the recommendations may range from weeks to years … so for now nothing has changed and it’s business as usual.

 The encouraging signs for borrowers is the government has recognised the need for competition and the acknowledge that brokers play a critical role in delivering that competition, however the question is who will actually be making the decisions following the upcoming federal election & how will their decisions impact borrowers in the future ?

 DPF Mortgage Specialists is proud to be celebrating 21 Years of helping our clients to “take on the banks” to achieve better Home Loans & lower interest rates & we will continue to go “the extra mile” on your behalf for many years to come.