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Mr. Warren O'Rourke

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    www.yourmortgage.com.au/articles/article.aspx?id=10 - [Cached Version]
    Published on: 3/9/2007    Last Visited: 3/9/2007  

    Go in thinking about the repayments that will have to be made after the honeymoon period has expired" Warren O'Rourke, Mortgage Choice
    ...
    "Many borrowers would be better off commencing their association with their mortgage from day one with the higher repayments," says Warren O'Rourke, national manager, corporate affairs at Mortgage Choice.
    ...
    "A lot of people are naturally driven by price," says O'Rourke.

  • View Online Source
    news.thebrokerresource.com.au/category/mortgage-news/in - [Cached Version]
    Published on: 10/11/2008    Last Visited: 1/10/2008  

    Mortgage Choice National Corporate Affairs Manager, Warren O'Rourke said the outcomes of the nationwide survey provide an interesting insight into the general public's expectations of and plans for the future, especially in terms of property investment.

    "Overall, there has been no significant swing in Australians' perception of their financial future.Sentiment dropped only slightly and interest rates and petrol prices remain the top two concerns.Consumers continue to have a positive outlook on property and their finances," he said.
    ...
    "That is a lot of people expecting higher repayments on their mortgage, even after the three rate rises of 2006," Mr O'Rourke said.
    ...
    "For many Australians, investing in property is still a strategy for building their financial portfolio," Mr O'Rourke said, "and making sacrifices is an accepted part of that."
    ...
    This is a fabulous result for our franchisees, their staff and staff within our Group and State offices," Mr O'Rourke said.

  • View Online Source
    www.ausbroker.com/detail_article.cfm?ArticleID=1550 - [Cached Version]
    Published on: 10/1/2007    Last Visited: 11/23/2007  

    Warren O'Rourke, Mortgage Choice national manager of corporate affairs, agreed: "To be honest, we haven't really received any concrete information in regards to that transaction and how it might affect mortgage brokers," he said.

  • View Online Source
    www.rhm.com.au/dynamic/news.asp?f_NewsletterID=5624 - [Cached Version]
    Published on: 8/5/2008    Last Visited: 8/28/2008  

    It's important for first timers to understand what's actually needed to obtain a home loan, says Warren O'Rourke, national manager with Mortgage Choice. "What first homebuyers don't realise," says O'Rourke, "is that applying for a mortgage can be much easier than they expect. "For anyone planning to buy property, ,right now' is the best time to start researching because you may find there are more options available than you realise. "We have seen some people save and save over many years only to find they could have entered the market earlier without much , or any , deposit."

    In fact, some lenders offer ,100 per cent' or ,no deposit' home loans, where borrowers with good ,serviceability' , the ability to make loan repayments , only have to put forward a small part of the loan amount, mainly covering costs such as stamp duty and legal fees."There's even what's called a ,105 per cent' loan which covers the property's purchase price plus all other costs," he says.O'Rourke says borrowers need to be aware that these low, and no deposit, loans tend to attract a higher interest rate.
    ...
    O'Rourke says borrowers also need to be aware of what ,low doc' and ,no doc' loans are.

  • View Online Source
    www.echoice.com.au/mortgage/home_loans?pn=/home_buyer_c - [Cached Version]
    Published on: 6/5/2008    Last Visited: 6/13/2008  

    Mortgage Choice National Corporate Affairs Manager, Warren O'Rourke said that fixed rate loan products had become more expensive in recent months, making them less appealing than they were six months earlier."In some cases, consumers are paying a higher rate just for the peace of mind that a fixed rate loan provides.Others are hedging their bets, choosing to fix a portion of their loan to give them some security," he said.

  • View Online Source
    www.cleve.yourguide.com.au/detail.asp?class=lifestyle%2 - [Cached Version]
    Published on: 3/4/2008    Last Visited: 3/4/2008  

    Mortgage Choice's national corporate affairs manager, Warren O'Rourke, says basing your loan repayment on an interest rate 0.25 percentage points higher than your actual rate is a good way to prepare for future rate rises and build up a buffer in the meantime.

  • View Online Source
    www.lendingcentral.com.au/SiteContent/NewsEditorials/Ne - [Cached Version]
    Published on: 1/5/2007    Last Visited: 3/3/2007  

    Mortgage Choice National Manager Corporate Affairs, Warren O'Rourke said although housing affordability is an issue, the company's recent independent online ‘emotional drivers' survey showed less people are buying with a partner and more are buying on their own.

    ‘76% of those who purchased a home within the last two years bought with their partner and 18% bought solo, while significantly less people buying in the next two years will buy with a partner - 56% - and significantly more - 36% - will buy solo.So, the housing market looks set to continue to see more Australians taking out mortgages for which they have sole responsibility.Although people are partnering up later in life, this will not prevent them from buying their own little piece of Australia,' Warren O'Rourke said.

  • View Online Source
    www.fatcat.com.au/news/home/Your+Money/89.html - [Cached Version]
    Published on: 4/7/2008    Last Visited: 7/6/2008  

    With consumer confidence hitting a record 15-year low and customers demonstrating a reluctance to take on unsustainable debt, Mortgage Choice's National Corporate Affairs Manager, Warren O'Rourke says that 100% loans will dwindle in popularity and the concept of "genuine savings" is likely to see a return to favour.

  • View Online Source
    gjimpressions.reiwa.net/RMHPTemplates/content_articles_ - [Cached Version]
    Published on: 12/10/2007    Last Visited: 2/4/2008  

    Mortgage Choice National Corporate Affairs Manager, Warren O'Rourke says, "Our annual Consumer Sentiment Survey found that 44 per cent plan to invest in property in the next year despite the vast majority (92 per cent) believing interest rates will rise in the first quarter of 2008.

  • View Online Source
    www.lendingcentral.com.au/SiteContent/NewsEditorials/Ne - [Cached Version]
    Published on: 12/20/2006    Last Visited: 3/3/2007  

    Mortgage Choice National Corporate Affairs Manager, Warren O'Rourke said the outcomes of the nationwide survey provide an interesting insight into the general public's expectations of and plans for the future, especially in terms of property investment.

    "Overall, there has been no significant swing in Australians' perception of their financial future.Sentiment dropped only slightly and interest rates and petrol prices remain the top two concerns.Consumers continue to have a positive outlook on property and their finances," he said.
    ...
    "That is a lot of people expecting higher repayments on their mortgage, even after the three rate rises of 2006," Mr O'Rourke said.
    ...
    "For many Australians, investing in property is still a strategy for building their financial portfolio," Mr O'Rourke said, "and making sacrifices is an accepted part of that."
    ...
    This is a fabulous result for our franchisees, their staff and staff within our Group and State offices," Mr O'Rourke said.

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