Banks

Why Don’t Banks Pass On The Full RBA Rate Cut?

personOtto Dargan access_timeMay 14, 2015

Unless you’ve been living under a rock, you would have heard that the Reserve Bank of Australia (RBA) cut the official cash rate by another 25 basis points to 2.00%. That’s right, another historical low for Australia and a chance for homeowners to breathe a little sigh of...

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Can I Use My Rental History To Get A Home Loan?

personOtto Dargan access_timeMay 5, 2015

It’s becoming more expensive than ever to rent a place in Australia and the cost is only set to rise, Anglicare Australia’s latest rental affordability snapshot has found. In its annual study, Anglicare looked into 65,614 properties in Australia and found that rent has risen...

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How Your Australian Spouse Can Help You Get A Mortgage

personOtto Dargan access_timeApril 24, 2015

Australia is one of the most beautiful countries in the world with thousands of migrants heading Down Under every year. Some people travel here for the love of adventure and to take in our many natural wonders but it’s no surprise that many choose to make the move for good...

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3 Home Loan Discounts Exclusive To Doctors

personOtto Dargan access_timeApril 24, 2015

Are you a doctor looking to buy a property? Did you know that you can get exclusive home loan deals just because of your profession? Medical professionals are the most favoured professionals for banks because they are considered to be low risk borrowers with high incomes. Here...

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Can A Superhero Get A Home Loan In Australia?

personOtto Dargan access_timeFebruary 27, 2015

Banks like to make it tough for Australians to get a home loan on the best of days but what if you’re that little bit extra-ordinary? Despite being the quiet protectors of our pitiful human butts, a superhero would likely get painted with the same crazy brush as any other...

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3 Ways To Reduce LMI On A Home Loan

personOtto Dargan access_timeFebruary 18, 2015

Unless you’re a specific type of doctor, accountant, lawyer, engineer or other professional, you’ll have to pay Lenders Mortgage Insurance (LMI) when borrowing more the 80% of the property value. Having a Loan to Value Ratio (LVR) of more than 80% is a huge risk for the banks...

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Can You Reduce Or Avoid LMI?

personOtto Dargan access_timeJanuary 12, 2015

LMI is a one off fee payable when borrowing more than 80% of the property value. On top of that, it only protects the bank, not you, if you default on your mortgage. It can also be majorly expensive, which kind of sucks! To put the cost into perspective, if you borrowed $510,000...

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Banks Look Closer At Your Personal Expenses

personOtto Dargan access_timeNovember 28, 2014

Are you a little impulsive when it comes to late night online shopping? Maybe you recently signed up for a gym membership because a cute girl or guy cornered you at the train station, even though you know full well that you live three suburbs away. Now is the best time to rein...

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85% Tax Debt Home Loan

personOtto Dargan access_timeNovember 21, 2014

Refinance an outstanding tax debt For self-employed people completing a tax return can be complex and time-consuming. It doesn’t always get done on time, mistakes can be made and come tax time you may be hit with a tax debt from the Australian Taxation Office (ATO). Getting...

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Top 5 Reasons Singles Can’t Get A Home Loan

personOtto Dargan access_timeOctober 30, 2014

Getting approved can be hard if you’re single! So, your single, happy and lookin’ to buy your own place. Easy, right? Apart from putting the deposit together to buy in the current market, getting approved for a home loan is a lot harder if you’re single. Really. Most...

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