Low Doc Loans – Significant Changes That May Affect Your Application
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 ratesRead More
Interest Rates Tumble Again
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 theRead More