Building a referral network
People are the core ingredient in any successful referral network. Start your referral relationships the right way The ability to find potential referrers, establish trust, demonstrate your value and nurture relationships over long periods are other critical factors. Fortunately, technology has created more ways to find and connect with potential referrers than ever before – […]
Do you need a referral network?
If you want a long and successful career as a mortgage broker, one important step is to build a referral network. What is a referral network? A referral network is a group of individuals or organisations in related industries working together to promote one another’s skills and businesses. A mortgage broker, for example, might build […]
First RBA meeting of the year leaves February cash rate unchanged at 0.10%
The Reserve Bank today confirmed the official cash rate will remain at 0.10% for the foreseeable future. Rising inflation and falling unemployment led to speculation in the lead up to the meeting that the RBA would be forced to reassess its 2024 forecast for the next rate rise. With future rate rises linked to wages […]
Brokers in demand
AFG (ASX:AFG) brokers finished the 2021 calendar year on a high, with record volumes revealing residential lodgements were up 24% on the same period last year. AFG CEO David Bailey said the company lodged $24.6 billion for the three months to December 2021. “AFG brokers have navigated the challenges presented by the latest wave of […]
December cash rate remains unchanged at 0.10%
At its board meeting today the RBA confirmed the official cash rate would remain at 0.10%. This was no surprise given that at its last meeting the bank confirmed that to consider an increase it would need to see underlying inflation between 2% and 3% on a sustainable basis, full employment and materially higher wages […]
AFG and Frollo form alliance to improve mortgage broker experience with Open Banking data
AFG is excited to announce a new agreement with Open Banking provider Frollo, further extending AFG’s focus on investigating Open Banking solutions for brokers and their clients. This deal extends and deepens the existing relationship between the two companies. As one of the most experienced Accredited Data Recipients (ADR) in Australia, Frollo will support AFG […]
November cash rate remains unchanged at 0.10%
While Melbourne Cup Day often brings a surprise, the Reserve Bank’s decision on the official cash rate earlier today contained no surprises, with confirmation the rate will remain at 0.10%. In line with previous commentary, the RBA has confirmed the view that it won’t be rushing into a rate hike, making it abundantly clear it […]
Australian home loan market continues to fire
Australian home loan market has hit new highs as the 2022 financial year gets underway. AFG (ASX:AFG) brokers have lodged a record $24.1 billion in home loan finance for the first three months of the new financial year – almost $6 billion more than in the same period last year. AFG CEO David Bailey outlined […]
RBA reluctant to increase cash rate
At its monthly meeting today, the Reserve Bank has again confirmed the official cash rate will remain at 0.10%. Concerns continue to be expressed that record low interest rates are fuelling a housing boom, increasingly putting property ownership out of the reach of many prospective first home buyers and placing the wider economy at risk […]
AFG partners with Foyer Foundation to tackle youth homelessness
AFG is delighted to announce a landmark sponsorship agreement to become Principal Partner of Foyer Foundation, an independent charitable organisation that works with young Australians at-risk of, or experiencing, homelessness. Foyers are integrated learning and accommodation settings that provide young Australians experiencing disadvantage with a pathway to education, training and employment that is founded on […]
