HOW TO SURVIVE THE COMING CREDIT CRUNCH

The current economic environment in Australia is gearing up to cause major problems for anyone with a home loan. Recent moves by the banking regulator, APRA, to slow down the booming property markets of Sydney and Melbourne is set to cause the perfect storm of rising interest rates and falling property prices. These policy moves [Read more…]

3 REASONS TO GO TO A NON-BANK LENDER FOR YOUR HOME LOAN

Non-bank Lenders

3 REASONS TO GO TO A NON-BANK LENDER FOR YOUR HOME LOAN When it comes to borrowing money to buy a house or refinance an existing home loan most people think of the big Four as the best banks to approach. These banks have had a strong presence in the market place for a long [Read more…]

HAVE THE LENDING RESTRICTIONS WORKED?

      It is now a year since the banking regulator, APRA, forced the banking industry to implement a range of measures to restrict lending. A range of measures were introduced by the banks including: 1. Limits on lending for investment purposes. 2. Higher interest rates for investment loans. 3. Changes to suburbs where [Read more…]

THREE CHANGES BANKS ARE MAKING THAT WILL IMPACT YOUR LOAN APPLICATION

It has been very much in the news lately that APRA, the banking regulator, is forcing banks to make changes to the way they assess loan applications. These changes will have a big impact on whether or not your loan will be approved by a bank. Amongst the numerous changes there are three which will [Read more…]

FOUR MYTHS ABOUT NEGATIVE GEARING

Negative gearing or the process of claiming a tax deduction for losses incurred in renting out a property, is a hot topic in the news at the moment. A lot of what has been published about negative gearing in the mainstream press is misinformed. Here I am going identify some of the myths that are [Read more…]

THREE WAYS TO MAKE CAR FINANCE WORK FOR YOU

There are two types of car finance available and both have their distinctive features. The first is consumer finance. This is finance for a person to purchase a car for personal use. The second type of car finance is for business, that is, finance for a car that will be used primarily for business purposes. [Read more…]

WHAT IS COMMERCIAL LENDING AND HOW DOES IT WORK?

Commercial lending is the provision of finance for the purchase of a commercial premises, such as an office, warehouse or factory. This type of finance is quite different to home loans and has a number of distinctive features which I will outline in this article. All lenders offer commercial finance but it comes with the [Read more…]

If You Are Considering Refinancing Your Existing Home Loan then You Need to Know how Valuations Work

5 Rules for Refinancing your Home Loan

One of the most contentious areas in the property industry at the moment is the issue of valuations and what a property is really worth. If you are looking to either refinance your loan, increase your existing loan to get cash out or consolidate some debts then the issue of how much your property is [Read more…]

What is Happening with Investment Lending?

Since July 2015 there have been massive changes in the investor mortgage market caused by the Banking Regulator, APRA, or the Australian Prudential Regulation Authority. This organisation oversees the operations of the Australian banking industry, and through this control is able to heavily influence the mortgage market and the behaviour of banks. This banking regulator [Read more…]

HARDSHIP RULES FOR BORROWERS

With the mining boom winding down there has been a surge in people losing their jobs or being made redundant. Many of these people have mortgages and when they lose their jobs they are unsure of their rights with regards to not being able to meet their mortgage payments. The good news is that there [Read more…]

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