Banks
Major Bank Cuts Lending To 33 Postcodes
In a surprise move on Friday, National Australia Bank (NAB) announced that it was expanding its restricted postcode list to include many more inner city and regional areas. The bank will now restrict lending in these areas by requiring people to have a larger deposit or more...
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4 Ways To Slash Your Home Loan Rate
4 Ways To Slash Your Home Loan Rate (And Save Thousands) People love a good bargain when it comes to clothes and gadgets but what about your home loan? Even with a tiny 0.30% discount you can save more than $30,000 in repayments! Do we have your attention now? Good! 4 magic...
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Can Santa Get Approved For A Home Loan?
He brings joy to billions of children (and misguided adults) around the world but could Santa Claus actually be knocked back for a home loan in Australia? At this time of year, Home Loan Experts thought it was about time to ask the big question (that no one asked!) and the answer...
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Are Honeymoon Rates Really All They’re Cracked Up To Be?
Buying a home can be rather expensive when you consider the costs involved and the expenses are at their peak during the first few years of home ownership. A honeymoon rate, or an introductory rate, is a special interest rate discount offered on some home loan packages for a...
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Why Do Mining Engineers Get Special Home Loan Discounts?
Whether you’re a mining engineer, surveyor or geologist, Australians know that you’re one of the backbones of our nation’s economy and you work bloody hard to keep it that way. With well over 400 mining, energy and resources projects either underway or planned for the near...
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Comprehensive Credit Reporting Is Here: Bad News For Borrowers?
One of the big four banks has flagged that it will start sharing much more information about customer accounts to credit reporting agencies as part of the so-called Comprehensive Credit Reporting (CCR) system from as early as August 2015. As more lenders get on board, it could...
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Is A Fixed Home Loan Actually The Right Choice?
On 6 May 2015, the Reserve Bank of Australia (RBA) cut the official cash rate by 25 basis points to a new historical low of 2.00%. This came as a welcome surprise to borrowers as the cash rate was cut from 2.50% to 2.25% just four months earlier in February. With property prices...
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8 Powerful Reasons You Need A Mortgage Broker
More than a third of Australians intending to take out a home loan said they would use a mortgage broker over going to a bank directly and this figure is likely to rise as the next generation of homeowners begin to enter the property market. That’s according to the 2015 QBE...
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bookmarkTags: Banks, Broker vs Bank Manager, First home Buyer, Home Loan, Mortgage, Mortgage Broker
Ticking Time Bomb For Investors
Have you read in the news that Australian Prudential Regulation Authority (APRA) is putting the brakes on loans to property investors? We’ve already seen some major changes in investor policy and pricing but more announcements have been made. In the past week, we’ve been...
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Are Lenders Cracking Down On Investment Loans?
It could soon be tougher than ever to invest in property as Australian banks move to keep up with new regulatory changes aimed at pulling back on investment loans. So far, one major bank is no longer accepting 100% of your rental income when assessing your ability to repay the...
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bookmarkTags: Banks, Deposit, Government, Home Loan, Investment, Investors, Lenders, News, Property Investment
