Finance and Mortgage Blogs
#dandfrant Borrowing Power
A calculator for borrowing power online or even some banks will not give you the right information. Borrowing power is Income and DEPOSIT
Downsizers tipped to be a ‘powerful force’ in 2020
Downsizers are tipped to take advantage of ‘the perfect storm’ and get the most out of the property market this year, predicts the national body representing professional buyers’ agents. With softer lending conditions and strong property prices tipped for 2020,...
Are you being stung by the loyalty tax?
Once upon a time you were rewarded for loyalty. But borrowers with older mortgages are typically paying a higher interest rate than customers on new loans, confirms the Reserve Bank of Australia (RBA). The RBA’s study finds that the difference in interest rates...
Cashflow Idea Prop Invest
//DEALING WITH PROPERTY INVESTMENT EXPENSES// What is your reason to invest ????❓ How do you deal with the cash flow for: ???? Finding Tenants...
Smaller lenders taking applications for home loan deposit scheme
Non-major lenders have started offering another 5,000 slots for the First Home Loan Deposit Scheme, which allows first home buyers to purchase a property with a deposit of 5% without having to pay Lenders Mortgage Insurance (LMI). The scheme, which is overseen by the...
How to increase your property’s value by up to 10%
Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows. The review, which was conducted by the University of Wollongong, compiled research undertaken in 14 countries and included data from the...
When refinancing and your outgoing bank needs to talk with you
//CURRENT BANK CALLS YOU// So you have refinanced and your current banks calls WHAT DO YOU DO? With a...
Why don’t lenders drop my repayments when the interest rate falls?
A question that’s been popping up a bit lately has been ‘why didn’t my lender reduce my repayments when the interest rate fell last year?’ It’s a good and timely question considering the big four bank economists all expect the RBA to cut the cash rate by 25 basis...
Judgments & Defaults – what impact do these have
//BAD BAD JUST BAD - DEFAULT// These are not very good! Defaults and Judgments on your credit file... Some banks are okay...
The race is on: thousands rush to apply for first home loan scheme
If you’re thinking of taking advantage of the new First Home Loan Deposit Scheme then you better act quick, as thousands of first home buyers have already applied for the 10,000 guarantees available. Between January 1 and 10, more than 3,000 first home buyers applied...