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Insider Tips

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

When will interest rates rise ?

September 5, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises



Senior Economists from Commsec (Commonwealth Bank Securities) are predicting that the Reserve Bank may retain the Official Cash Rate at the current record low level (1.50%) for up to 1 year as the Australian Economy is continuing to perform at levels that may not require any additional stimulus from the RBA.


This is great news for Home Owners & Buyers who can sleep easy without the fear of imminent rate rises.


Home Loan Rates Down . . . Investment Rates Up … RBA Rates on Hold ???

August 1, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Record Low

The Reserve Bank Board voted this afternoon to retain the Official Cash Rate on hold for the 12th consecutive month with some Senior Economist predicting another 12 months before the RBA will raise rates. 

Understandable many investors are scratching their heads asking why their interest rates have risen over the last few months … The answer is due the new capital requirements & policy restrictions which have been imposed by ASIC & APRA resulting in a higher “Cost of Funds” for investment loans & interest only loans. 

The “Good News” for home owners / buyers is many banks have recently reduced their interest rates on “Owner Occupied” Home Loans to rates under 3.99% p.a.

Some banks have also been a tad sneaky by advertising low rates for new customers but not passing on the lower rates to existing clients unless they demand a better deal.

 If your bank is charging you higher interest rates please call DPF Mortgage Specialists (07 5527 4744) ASAP or “CONTACT US” to find out how you can stop paying more than you should be.



$20,000 First Home Owners Grant extended

July 17, 2017 in Insider Tips, Latest News


Great News for First Home Buyers …

The $20,000 First Home Owners Grant has been extended in Queensland until the 31st December 2017.
Conditions apply so please call 07 5527 4744 to talk with one of our experienced Mortgage Specialists to discover if you are eligible or CLICK HERE to view the Qld Government website.

DPF say “Thank You” with Nespresso Coffee Machines

June 6, 2017 in Insider Tips, Latest News, Rate Cuts, Rate Rises

Red Coffee Machine

The DPF Team are so very grateful for the generous support we receive from so many of our clients who regularly recommend our services to their family, friends & work colleagues.

As a means of thanking & acknowledging our wonderful clients for their efforts DPF Mortgage Specialists will be gifting a new Nespresso Coffee Machine to every client who recommends a family member, friend or work colleague who takes out a new Home Loan with DPF Mortgage Specialists (minimum new loan amount $150K).

Our clients are welcome to recommend as many family & friends as they wish as there are no restrictions as to how many coffee machine they can receive. You can have a coffee machine at home, at work, in the caravan or if you don’t like coffee we are sure your friends would love to receive a Nespresso Coffee Machine as a house warming gift.

This offer commences on 1st June 2017 & will expire on 30th September 2017.

New Home Loan amount required to be a minimum of $150,000.00.

New Home Loans to be unconditionally approved by the Bank / Lender on or before 30th October 2017 & settled in full on or before 30th November 2017.

All eligible Home Loan Applications are required to be received by 5pm (EST) 30th September 2017 & lodged with the Bank / Lender no later than 5pm (EST) on 6th October 2017.

Clients can select from either the Nespresso Breville Inissia Capsule Machine (BEC200XR) or Nespresso Delonghi Inissia Capsule Machine (EN80BAE) – Subject to availability.

This offer is restricted to clients of DPF Mortgage Specialists only.



Pre-Approvals can cause your Finance Application to be Declined

May 2, 2017 in Insider Tips, Latest News

fingerprintMany potential borrowers believe that seeking a “Pre-Approval” from several Banks will be beneficial however most potential borrowers are not aware that these Pre-Approvals can result in their application for finance being Declined by the Banks.

WHY  ???

  1. Every time you apply for a “Pre-Approval” a “Credit Enquiry” (fingerprint) is recorded on your Credit Report even if you do not proceed with the finance
  2. Many Banks will automatically decline your Application for Finance if you have 3 or more “fingerprints” recorded on their credit report within the last 6 – 12 months
  3. DPF Mortgage Specialists can discuss your “Pre-Approval” directly with the Bank’s decision makers without leaving any fingerprints on your credit report
  4. DPF Mortgage Specialists have maintained an approval strike rate of over 99% of all finance applications lodged over the last 5 years
  5. A Pre-Approval from a Bank is not a guarantee that your application for finance will be approved, but rather this is a basic review by the Bank’s computer scoring system known as an “Approval in Principle”.

If you, your family or friends are seeking Finance Approval or Pre-Approval please call or click on “CONTACT US” & we will be more than pleased to assist you.