About Richard Guthrie
Melbourne Mortgage Broker
I have over 20 years experience in the Banking and finance industry. I began my career with one of the Big 4 banks as a teller in Northern NSW. I then moved into securities and lending. After moving to Melbourne, I became a specialist Personal Banker and moved onto Branch Management. I then moved into a position of Mobile Mortgage Manager where I refined my lending skills even further.In addition to being a mortgage broker, I also assist new mortgage brokers by facilitating the required Diploma of Financial Services (Mortgage Broking Management).
Melbourne Mortgage Broker
In addition to being a mortgage broker, I also assist new mortgage brokers by facilitating the required Diploma of Financial Services (Mortgage Broking Management) and run a Mentor Program for new entrants into the Mortgage Broking industry.
I have a Diploma in Financial Services/Mortgage Broking Management and a Certificate IV in Training and Assessment.
Fixed Rates
Fixed rate loans guard against mortgage rate rises in the future and enable long term budgeting. On the down side, the rate remains constant even if interest rates fall.
Variable Rates
Variable rate loans are a popular choice with flexible payment schedules and extra repayments accepted, however, it’s important not to be lulled into a false security through the short-lived honeymoon interest rates.
Split Loans
Split loans blend fixed and variable rates where borrowers choose a set amount to stay at a fixed rate with the remainder governed by changing interest rates. Popular with borrowers who prefer to err on the side of caution, however, additional charges may apply.
Low Rate Loans
Low rate loans do not include any added extras such as fee-free credit cards and offset accounts but come with consistently lower home interest rates. This is a variable rate loan meaning it will be affected by fluctuations.
Lo Doc Loans
Lo doc loans are ideal for contractors and the self-employed borrowers. It is not necessary to provide financials, but some dangers lie in higher interest rates and fees, and the risk of over committing.
Richard Guthrie is an Authorised Credit Representative 399955 of BLSSA Pty Ltd ACN 117 651 760 (Australian Credit Licence Number 391237)
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