Digital Signature Legitimateness for Mortgage in Australia

How to eSign a document: digital signature legitimateness for Mortgage in Australia

margin was was down so and we said it's probably going to go down a little bit further just competition in the mortgage book in particular we're seeing new mortgages written at a lower rate than some of the maturing mortgages and the other thing is with very low interest rates our return on capital has fallen and deposit prices are pretty low and unlikely to go lower so net net the margin fell and we indicated that it's probably going to fall next year as well how much further are you expecting it to fall over the next 12 months well that'll depend on competition and rates and certainly if we look at the three year swap rate uh it's come up quite materially 35 basis points back in march uh this year 140 right now so it's up over a percent so i think we're you know in terms of interest rates we're probably past the low points and they're starting to head up again your mortgage book did grow three percent though over the year that must be a positive for you how much have you invested in quickening up the access someone can get a home loan how much faster is that process now yeah certainly mortgages has been a focus from a speed perspective and in fact we grew owner-occupied mortgages so that's people living in their own home strongly we've invested in a digital mortgage process and now you can get a for a simple mortgage you can get a yes unconditionally in two days one days if you if you've got all your documents so those investments are paying off and we certainly feel like we're back in the market in terms of processing times that capability will be rolled out to brokers in 2022 so it's already started and so we'll have the brokers benefiting from what our first party is already benefiting from in terms of processing times what what's the outlook for rate hikes from the rba is it still 2024 well we've got the markets really saying 2022 uh if if we look at what they're thinking some economists are saying 23 and others are saying 24. 24 so it's probably somewhere in the middle if you if you average it out but certainly inflation is going up around the world we have seen some increase in australia but i think the rba will be looking for sustained inflation and wage growth before they move rates