Non-bank mortgage investments
Elizabeth Moran looks into non-bank mortgages, the different funding methods available and how they will fare in the COVID-19 crisis.
Non-banks, specialising in mortgages, have flourished in recent years, along with the property market, low unemployment and a significant cost advantage over traditional banks with little or no retail presence. They’ve provided competition without many of the constraints.
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# InvestSMART Portfolio performance figures are after investment and admin fees excl. brokerage and assuming dividends re-invested and no withdrawals. The peer comparison figures have been sourced from Morningstar data and is therefore limited to the funds and investment products included in their database. This may not include all funds available for retail investment in Australia. The peer calculation is inclusive of admin and investment fees; excludes brokerage and no withdrawals have been made. InvestSMART cannot determine whether or not franking has been included, nor if dividends have been reinvested. Historical performance is not a reliable indicator of future performance.
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^^ 557 Buy recommendations published by Intelligent Investor between 1 June 2001 and 30 June 2019 were independently verified by EY, as per the Recommendations Report; adjusted for franking, excludes admin and brokerage costs.