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Information On Australia

Posted by admin on Oct-25-2014

In Australia there are now many different types of home lenders, each with different interest rates, terms, conditions and lending criteria. The most widely seen types of lenders are:

• Mortgage Brokers
Not to be confused with mortgage managers, mortgage brokers are responsible for introducing borrowers to lenders – they act as an intermediary offering prospective borrowers information on various lending institutions and their products.

• Mortgage Managers
Mortgage managers are lending specialists who arrange funding for home and investment loans. Unlike banks, building societies and credit unions, mortgage managers do not have a base of customer deposits with which to fund their loans instead they source their funds via a process known as securitisation. This is a process whereby assets and an income stream are pooled and converted into saleable securities.

The mortgage managers job is to set up the loan and perform a liaison role with all parties involved, namely originators, trustees, credit assessors and borrowers. They provide the customer service role and are there to manage your loan throughout its term.

• Credit Unions
A credit union is a cooperative that is owned and controlled by the people who use its services. Each member is both a customer and a shareholder in the credit union.

Deposits from members are used to fund loans to other members, with the credit union business structure facilitating the process. Credit unions serve people who share a mutual interest, such as where they work, live, or go to church.

Credit unions are non profit organisations, and because there are no external shareholders there is no pressure to earn profits at the expense of customers.

Like banks, they offer a wide variety of banking facilities such as loans, deposits and financial planning. Credit unions main function is to serve members needs rather than make a profit. They therefore put a great deal of emphasis on customer service and meeting the needs of members.

• Building Societies
Building societies operate in the same manner as banks and obtain their funding primarily through customer deposits. As with credit unions, customers are members. In a sense they own the society, which is why they are mainly referred to as mutual societies.

• Banks
Australian banks are regulated by the Reserve Bank. Banks are the original lending institutions and for the most part they source their funds through customers term deposits and savings deposits via their branch networks.

Customers are paid interest on deposited funds and these funds are then available to lend to borrowers. In turn, these borrowers pay interest to the bank on the sum lent. The margin between interest paid on deposits and interest received from loans provides banks with their major source of revenue.

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Best Flights

Posted by admin on Oct-23-2014

When you are trying to plan a vacation it can often be extremely stressful and there is mostly always something which you have forgotten. You need to book the hotel, the accommodation, the flights, a hire car if needed and you also need to know what you are going to do and where you are going to go whilst you are there. It really is a demanding task and that is why many people choose to get the help from travel agents.

However, finding the right travel agency to suit your needs can often be a nightmare. So just how do you find the right travel agent to suit you?

Choosing a Good Travel Agent

The main reason why people choose to use travel agents is because it is easier than planning everything yourself. However there are other benefits that come with using a travel agent and one of those includes that they often know what deals are available at the time. They can plan things for you which you did not even know existed. They can also get you inexpensive flights and other inexpensive deals too. So, if you want to really enjoy your holiday, it may be advisable to go with a travel agent to view what they suggest.

The only way to really find the best travel agents for you is to do your research. You will need to compare a number of different companies and perhaps ask friends and family whoever they used for their holidays. The internet is also a good tool to use to find all of the travel agents in your area. Ideally the right travel agent will attempt to get to know you, your needs and what you are looking for in the fantastic holiday.

Another point to consider is whether the travel agent is a member of the American Society of Travel Agents. This is basically a society which has airlines, cruise lines, hotels and travel agents in it and they can offer you exclusive deals. They also need to be well qualified and so you know that by choosing a travel agent in the society you will be getting the best service possible.

If you are still unsure about a travel agency then feel free to ask them as many questions as you like. They should be able to answer them politely and satisfy your curiosity too. You should be able to get a feel for what they do and how long they have been doing it and that will help you to decide whether or not to use their services.

Overall finding the right travel agent for you is essential if you want to end up travelling in style at discount prices. They make everything easier and they can book entertainment that you never even knew existed.

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Best Travel Advice

Posted by admin on Oct-21-2014

RIDDLE! What is it? They spend thousands encouraging us to buy it. We are advised never to go on holiday without it. But when we want to buy it, they don’t want to sell it to us.
Read on . . . . . . . . . . .

So after much deliberation we have chosen the holiday destination, sorted out the flights, and already we are picturing ourselves languishing on warm sands with the inviting blue sea stretching before us, and we just have the minor formality of the holiday travel insurance and then all the arrangements will be complete. Did I say MINOR? Well, yes, holiday insurance was once just a minor formality, but now for retired folk or senior citizens it has become a MAJOR, MAJOR problem. (In fact, when talking to friends it appears that holiday insurance has replaced house prices as the after dinner discussion). The problem is not only about how health affects the cost of insurance but it’s about how age affects the cost of insurance. Isn’t it amazing how an insurance company can take your annual holiday insurance payments for years, you have never made a claim, and suddenly because you have just passed a certain birthday you are too risky to consider. Your medical history may be fine, in fact you may be fitter than the 30 year old couch potato on the end of the telephone, but that doesn’t count – the only thing that counts is the date on your birth certificate. And when you do find an insurance company who will cover you, you find that the premium costs more than the holiday.

However, one thing is certain, WE MUST HAVE HOLIDAY TRAVEL INSURANCE (you realize how essential it is when you consider that an air ambulance from the USA will set you back approx