Call: (07) 5527 4744

Insider Tips

Will requesting a Pre-Approval have a negative impact on my Credit Score ?

March 5, 2018 in Insider Tips, Latest News


Will requesting a Pre-Approval have a negative impact on my Credit Score ?


The short answer is …YES !!!


Q: How can this happen ???


The first step taken by any Bank in the Pre-Approval process is to access your Credit File to obtain a copy of your previous credit history & your current credit score.


Every time a Bank accesses your credit file a “file access” (i.e. “fingerprint”) is recorded on your credit file which reduces your Credit Score.


If you have 3 or more “fingerprints” recorded on your credit file within 6 months of the date you are actually applying for finance, your credit score is likely to have reduced to a level below the minimum the Banks will accept resulting in your Application for Finance being declined by the Bank.


And please remember that the Bank who is assessing your actual Application for Finance will also create their own “fingerprint” which means that if you already have 3 prior “fingerprints” on your credit file, the new bank will be recorded as the 4th & therefore your Credit Score will be reduced even lower.


Please also be aware that it is not only the Banks who create these damaging “fingerprints” on your credit file. Your Credit Score will also be reduced when you do any of the following:


  • Request a copy of your “Free Credit Score” through an online or television marketing organisation
  • Take out a new Mobile Phone Plan (even if you don’t change to a new service provider)
  • Sign up for Certegy Ezi-Pay, Afterpay or zipPay
  • Accept a new “Interest Free” Store Card or CreditLine facility
  • Arrange a “Balance Transfer” of your credit card debt to a new credit card 


Q: How can I find out how much I can borrow without a leaving a “fingerprint” on my credit file ?


For over 20 Years DPF Mortgage Specialists have completed thorough assessments of borrowing capacity with an incredibly high level of success & accuracy without recording “fingerprints” on credit files.


Our Mortgage Specialists have access to the approval criteria & lending policies of over 40 Banks & our Mortgage Specialists can discuss your specific circumstances with the Banks’ Senior Credit Managers. These Senior Credit Managers actually possess the authority to “Approve” & “Decline” your loan application & therefore the level of accuracy we achieve is significantly higher than if we simply approached the lower level credit analysts & branch managers who do not hold this level of authority or experience.


Protect your Credit Score … Talk with a DPF Mortgage Specialist


Last Day to Receive Discount on your Property Rates

February 15, 2018 in Insider Tips, Latest News

DPF Reminder for Gold Coast Property Owners …

TODAY is the LAST DAY to receive the discount for your GCCC Property Rates.

Why pay more than you need to ???


Negotiate a Lower Interest Rate on your Home Loan

December 13, 2017 in Insider Tips, Latest News, Rate Cuts


Would you like to negotiate a lower interest rate on your Home Loan but are unsure how to do this ???

Vernesa & Igor were not aware that the interest rate their Bank was charging on their Home Loan was significantly higher than the rate their Bank was advertising to “New Customers”.

The higher rate was discovered by their Mortgage Specialist during a recent telephone conversation to discuss their potential change in lending requirements.

The “GREAT NEWS” for Vernesa & Igor is they will now be saving “THOUSANDS” more of their hard earned $$$ as not only has their Bank has agreed to reduce their interest rate, but also their Home Loan structure has been adapted to suit their new circumstances & lending requirements.


Q)   How much did this cost Vernesa & Igor ???

 A)   $Nil


 Q)   Did Vernesa & Igor need to refinance their Home Loan with a new bank ???

A)   No

Just another example of how borrowers can achieve great savings & outcomes when they team up with their “Personal” Mortgage Specialist.


Q)   Is your Bank charging you too much for your Home Loan ???

A)   If “YES” … Click on “CONTACT US” & let me know your preferred time to be contacted

or call (07) 5527 4744


Q)   Is a Bank charging your friend or family member too much for their Home Loan ???

 A)   If “YES” … Click on “CONTACT US” & provide their names + contact details + preferred time to be contacted

or call (07) 5527 4744



DPF Christmas Hamper Giveaway

December 7, 2017 in Insider Tips, Latest News

The DPF Mortgage Specialists team absolutely love Christmas.

As a way of sharing the joy & celebrating this festive season with our clients we are giving away these 2 Christmas Hampers packed full of tasty goodies.

For your chance to receive one of these scrumptious DPF Christmas Hampers all you need to do is . . .

  1. Click on  “CONTACT US”
  2. Insert your name + email address where indicated and type “Merry Christmas” in the box marked “Your Message”
  3. Type the verification code where indicated & click “Send Enquiry Now”

The lucky winners will be drawn & announced on Monday 18th December 2017 via email, Facebook & on this website

Best of Luck and a very Merry Christmas to you all.


Helpful Tips for Home Loans

December 7, 2017 in Insider Tips, Latest News

If you deposit all your savings into one or more Savings Accounts you will receive a nominal sum of interest from the Bank which is then taxed by the Australian Tax Office.

However … if you deposit your savings directly into your Home Loan or 100% Offset Account you will achieve a significantly higher return in interest savings which is NOT taxed by the ATO

Make your $$$ work smarter for you 🙂


(Important: Please contact your Mortgage Specialist or Bank to confirm you can make Additional Repayments to your Home Loan + Redraw prior to depositing any funds)

DPF Melbourne Cup Sweep

November 6, 2017 in Insider Tips, Latest News


Thanks to all who joined in for a bit of fun with the DPF Mortgage Specialists Melbourne Cup Sweep.

The horses will soon be lining up for the “Race that Stops our Nation”  & below are the lucky names who were drawn in this years sweep.

Good luck to you all & Giddy Up 🙂


DPF Mortgage Specialists

Melbourne Cup Sweep


1. HARTNELL Simon Hadfield
2. ALMANDIN Tony Wilson
3. HUMIDOR Kristie Brko
4. TIBERIAN Jamie Freiberg
5. MARMELO Belinda Chapman
6. RED CARDINAL Stephanie Janz
8. BONDI BEACH Jamie Weinert
10. VENTURA STORM Sally Hall
12. WICKLOW BRAVE Devon Jeffery
13. BIG DUKE Vicki Saunders
14. US ARMY RANGER Paul Horner
15. BOOM TIME Jason Eggins
16. GALLANTE Nola Griffin
17. LIBRAN Aaron Swan
18. NAKEETA Melissa Murdoch
19. SINGLE GAZE Femia Di Battista
20. WALL OF FIRE Jason McDonald
21. THOMAS HOBSON Caleb Anderson
22. REKINDLING Karen Scott
23. AMELIS’S Daryn Trowbridge
24. CISMONTANE Wayne Richardson

Lower Interest Rates for Borrowers with Good Repayment History

November 2, 2017 in Insider Tips, Latest News, Rate Cuts

Government announces mandatory credit regime

Source: Mortgage Business Publication (Author: James Mitchell) – 2 Nov 2017

The Turnbull government will introduce mandatory comprehensive credit reporting (CCR) from 1 July 2018 in what is anticipates will be a “game changer” for lenders and consumers.

Speaking in Melbourne this morning at the Fintech Australia Collab/Collide Summit, treasurer Scott Morrison said the government’s current target of 40 per cent data reporting by year end will not be met, as only a “negligible volume” of data is currently being reported in the existing voluntary comprehensive credit reporting scheme.

“Less than one percent of CCR data is currently being shared in public mode,” Mr Morrison said. “Which is why today I am announcing that the Turnbull Government will now be proceeding to introduce a mandatory comprehensive credit reporting regime from July 1 next year.”

The mandatory CCR regime will start with the four major banks, given that they provide over 80 per cent of mortgages to Australian borrowers.

Mr Morrison expects other credit providers will quickly follow suit to improve their competitive position in the market.

“The banks will be required to have 50 per cent of their credit data ready for reporting by 1 July 2018, increasing to 100 per cent a year later. This is a timetable the government believes is entirely achievable,” the treasurer said.

“We will consult further on whether to mandate additional institutions being included on a phased in basis as well as on the implementation mechanisms for this decision, including the legislation.

There is still a lot more work to be done, but that work now is about implementing this decision, rather than making it. We have reached and passed this important threshold.”

Mr Morrison believes CCR will be “a game changer for both consumers and lenders” and will lead to greater competition in lending provide better access to finance for Australian households and small businesses.

The regime will give lenders greater transparency on a borrower’s true credit position and their ability to pay a loan.

“This reduces a lender’s exposure to defaults by allowing it to calibrate its lending according to risk.

This new transparency will also open up the lending market to new players by enabling them to better assess the credit risk of customers,” Mr Morrison said.

“They will then be able to offer interest rates that undercut the major lenders without the fear of defaults weighing heavy on their decision making. Or give them the option of taking on-board more riskier customers at premium rates.”

For borrowers, CCR will lead to a better deal on mortgages, personal and business loans, Mr Morrison said.

“If you have a good credit history – you’re paying down your mortgage, you haven’t missed a payment on your car loan and your credit cards are under control – you will be able to demand a better deal on your interest rates, or shop around, armed with your data,” he said.

Borrowers with “one or two black marks” on their name will find it easier to get a loan under the new regime, provided their recent history of repayments is positive.

Melbourne Cup Sweep – Free for all clients of DPF Mortgage Specialists

October 24, 2017 in Insider Tips, Latest News

Free Melbourne Cup Sweep

The first Tuesday in November is only 2 weeks away and so it’s time to dust off your fascinators, feathery hats, colourful frocks & suits and prepare yourself for the Race that Stops a Nation, and of course the …

DPF Mortgage Specialists Melbourne Cup Sweep

This is our way of having a bit of fun with our clients and as always … YOUR ENTRY IS FREE !!!

To receive a ticket in the draw simply:

  1.  Click on the “CONTACT US” page
  2. Insert your name + email where indicated and type “Melbourne Cup” in the box marked “Your Message”
  3. Enter the verification code where indicated & click “Send Enquiry Now”

The horses will be drawn & announced on Monday 6th November 2017 via email, facebook & on our website

Good luck & a special “Thank You” for your ongoing support & for being a valued client of DPF Mortgage Specialists.

How do banks value my property ?

October 16, 2017 in Insider Tips, Latest News

Many borrowers believe bank’s will value their Homes & Investment Properties lower than the actual current market value.

Many also believe banks instruct Valuers to base their valuation amount on a “Fire Sale” scenario.

This is not actually the case as the Valuers are required by the banks to provide evidence of actual sales which have occurred within the previous 3 – 6 month period  of similar properties within the suburb /proximity of the property(s) being valued.

If there is a difference between the final valuation amount & the comparative sales results, the Bank will contact  the Valuer & request a “Please Explain”.

Please note that the “Sales Results” are based on actual sales that have been finalised rather than the “Asking Price” of properties yet to be sold. This is understandable as the final negotiated sales price is often lower (or higher on occasions) than the original asking price.



September 7, 2017 in Insider Tips, Latest News


Today is the final day to receive the discount for your GCCC Property Rates. 

If you pay today you will avoid paying the council more than you need to. 

Kind regards,

The DPF Team