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Strong growth in home lending has led to the local expansion of Australia’s leading mortgage broker and encouraged local banker, Alan Porter, to come out of retirement.

After a 144 per cent increase* in home loan settlements last month, and a highly competitive home loan market, Aussie Caloundra Franchisee Stephen Engstrom recognised the need to boost his team.

Mr Engstrom said the Reserve Bank’s decision to drop the cash rate by 25 basis points will stir up even greater competition and further falls in mortgage rates would see good times for borrowers.

“Interest rates are at a historic low, lenders are fighting for home loan market share and now is the time for all property owners, whether owner occupiers or investors, to make sure they have a really good rate,” Mr Engstrom said.

“Following our huge growth in home loan settlements over recent months, I needed to bring on another experienced mortgage broker to help me continue to provide a first class home finance advisory service to all members of the community.”

After a career in banking and finance spanning 41 years, Mr Porter said it was only a great opportunity that would have pulled him out of retirement.

“I’ve worked in finance since 1974 as a banker and a mortgage broker. After nine months in retirement I found that I missed the interaction with the public and helping people achieve their property ownership dreams, and then I saw the job advertised with Aussie. So I applied and haven’t looked back,” Mr Porter explained.

“Aussie Caloundra is a great fit for me, and it really is an exciting time to be working in the home loan industry again. We are in a borrowers market and lenders are dropping interest rates by the dozen, so it is really rewarding to be able to help home buyers get the best they can get.

“Aussie’s broad suite of competitively priced home loans from up to 19 lenders, as well as insurance products and personal loans, gives me the ability to offer our customers the right home loan for their needs. Even if you aren’t in the market for a new home loan, with rates this low it is worth getting a second opinion on your mortgage with a free home loan health check. You might be able to save thousands of dollars and cut years off your mortgage by getting even a slightly lower interest rate,” Mr Porter concluded.

Customers can visit Aussie Caloundra either during their opening hours from 8.30am to 5.30pm Monday to Friday, or by appointment outside of these hours by calling 5438 0888.

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