Category Archives: Home loans

Nearly a fifth of consumers unsure how to get a better rate!

New researchsponsored by a non-bank lender has revealed that a third of Australians are apathetic about shopping for a home loan, but that nearly a fifth would like a better rate but areunsure how to get one. Even if [they] get a small discount, that can end up making a big difference overall, which is surely worth [them] making a call once in a while, the general managersaid. Even an enquiry to a few different lenders is a good option if you are financially struggling, then it can be really worthwhile shopping around.

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First home buyers active in the market

The quarterly Australian Residential Property Survey from National Australia Bank has found that 26.2% of sales of established properties and 28.9% of sales of new properties are being made to first-time buyers. 10.5% of established properties and 12.5% of new properties are being sold to first-time buyers as investors. Mortgage Choice CEO John Flavell says:Continue Reading

Banks reduce lending to Property Investors!

Higher Interest Rate and Bigger Deposits For Property Investors Changes to the rules for property investors has dramatically changed in the last week or so. Higher interest rates, bigger deposits, less rate discounts for new investors and rate risers for for existing investor clients is one negative that seems hard to justify. Will these changesContinue Reading