Deposit

Major Deposit Bond Provider Collapses

personOtto Dargan access_timeApril 10, 2018

Avoid missing out on buying a property One of Australia’s largest deposit bond providers, Deposit Power, collapsed in March, leaving many borrowers in property purchase limbo. There is no telling how much of the original deposit guarantee will be paid to homebuyers so many...

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Genuine Savings Changes Huge Win For Home Buyers

personOtto Dargan access_timeMarch 22, 2018

One of the biggest barriers to buying a home is saving the deposit but recent changes to lending policies means it’s now easier to get a home loan if you don’t have genuine savings. That’s because Genworth, Australia’s largest Lenders Mortgage Insurance...

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Mum And Dad Have Lent $65b To Their Kids

personOtto Dargan access_timeSeptember 7, 2017

Around 30% of first home buyers using the “Bank of Mum and Dad” Outside of the top 4 banks, your mum and dad are the biggest lenders in Australia. It’s true! According to a new survey from comparison website Mozo, more parents than ever are helping their kids...

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The Truth About Being A Home Loan Guarantor

personOtto Dargan access_timeJanuary 1, 2017

If you’re a mum or dad, chances are that you’re watching property prices going up across the country and worrying a lot about your kids buying a home of their own one day. You may have thought about helping your child out by acting as a guarantor on their home loan but you’ve...

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Major Bank Cuts Lending To 33 Postcodes

personOtto Dargan access_timeOctober 16, 2016

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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Is Your Property Located In One Of These Risky Suburbs?

personOtto Dargan access_timeSeptember 30, 2015

Did you hear? Your suburb may be on a list of high risk postcodes as identified by one of the Australia’s biggest banks! National Australia Bank (NAB) has identified 40 suburbs where “significant deterioration in credit risk has been observed” and a further 43 suburbs...

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Ticking Time Bomb For Investors

personOtto Dargan access_timeMay 21, 2015

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?

personOtto Dargan access_timeMay 18, 2015

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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An Easy Guide To The Costs Of Buying A Home

personOtto Dargan access_timeMay 6, 2015

There’s probably a good reason that you’re 30 and still living with your parents but let’s face it, it kind of sucks when all of your friends have moved out and are getting on with their lives. Isn’t it time you moved into a home of your own? Leaving the nest is a big...

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