I recently read that Non- bank lenders are seeking to claw back market share with the reintroduction of high Loan To Value Ratio (LVR) products. Homeloans Ltd recently reintroduced lending of up to 95 per cent LVR after 18 months of tighter lending policies. “Homeloans has made the move back into high LVR lending, at […]
In the BrokerNews there was an article written by Kevin Eddy and it read that seven out of ten refinancers that used a mortgage broker saved money on their mortgage. Mortgage Choice’s latest survey of refinancers has revealed that 45% used a mortgage broker to assist them with their refinancing, and that over half of […]
The Commonwealth Bank has announced the release of a Property Guide iPhone application which it says will make property and finance searching easier for consumers. The application uses “augmented reality” technology developed with property analytics company RP Data, to deliver up to the minute information about a property, including it’s past and recent sales history, […]
There was an article in the Advisor Magazine recently that says the federal government and the federal opposition party have ruled out the prospect of abolishing negative gearing. At a debate held at the National Press Club in Canberra recently, both parties said that they would not consider abolishing the investment strategy. Real Estate Institute […]
According to Kevin Eddy of Broker News Australians are most comfortable with their level of long – term debt, particularly mortgages, out of all aspects of their finance. ING Direct’s new Financial Wellbeing Index indicates that Australians’ median “comfort level” in terms of long – term debt was rated at 6.5 out of 7. The […]
The credit crunch and resulting squeeze on liquidity, coupled with the Australian Government’s recent crackdown on responsible lending, has made it harder for the self-employed to secure a home loan. But with one in 10 Australians now self-employed, there is still a strong industry servicing this sector and opportunities are still available for self-employed borrowers- […]
Auctions are a fast, practical and effective way to make a home purchase or investment. If you’ve considered buying at auction, here are a few pointers to give you a head start over the competition: Have pre-arranged finance: It’s a good idea not to place a bid on property until you have pre-approved finance. It […]
A recent article written by Jessica Darnbrough states that Australia’s banks are imposing hurdles on borrowers that prevent them from getting a loan, according to Aussie. The non-bank financial services group’s chief executive officer Stephen Porges said money sourced from global credit markets is now priced considerably higher than it was a few years ago, […]
The following article was published in the BrokerNews magazine and was written by Andrea Cornish and it was interesting reading. Andrea goes on to say that The Australian Bankers’ Association (ABA) is challenging research used by the peak industry body for Credit Unions and Building Societies. The ABA says Abacus is using misleading information […]
I was reading an article recently which commented on reasons why Generation Y’ers were unable to enter the property market. The article goes as follows…….. Lack of savings rather than rising interest rates and house prices is the major reason Generation Y’ers are unable to enter the property market, according to a national survey.The latest […]
