Since the current mortgage crisis lenders have been tightening their policies and the number of 100% or no deposit home loans are slowly being eradicated from the Australian mortgage market. A year ago many lenders were offering no deposit home loans. Today there are only two – RAMS and St George. RAMS home loans have many Read More
I have been in the mortgage industry for a number of years now and the tactics lenders employ make me think twice about which are the most reputable. I would like to share some of my insights on how the banks and other lenders manipulate interest rates to gain your business and cost you more Read More
The credit crisis has had a profound effect on how lenders look at their lending policy. Most lenders are making it tougher for borrowers to borrow funds and the case is no different for low doc loans. For those looking to borrow between 60 and 80 percent of the proeprties value they will find that interest rates Read More
December 2nd saw the Reserve Bank of Australia cut interest rates by another 1%. To the Australian consumer it means a reduction in their variable loan repayments but the full interest rate cut will only be passed on by a few lenders. In a swift decision, Commonwealth Bank and NAB decided to pass on the Read More