Open Banking and Comprehensive Credit Reporting are two of the latest major changes that banks have had to make in Australia. How do they affect home owners?
The majority of banks have already adjusted their serviceability floor rates to 2.50% above the actual rate, as per APRA’s new guidelines.
The Reserve Bank of Australia (RBA) announced this week that it will cut interest rates by 25 basis points. What does this mean for your mortgage?
After reviewing the current guidelines, APRA has proposed that the 7% serviceability buffer on home loans be removed.
Improve your chances of getting a loan for your new home or investment property by understanding what your lender wants. Check out the do’s and don’ts here.
If you are returning to work with the mountain of credit card debt used to cover Christmas and holiday expenses, you will know by now how ho ho horrible it is.
If you have been pre-approved for a home loan online within an hour or two, the loan has not been reviewed by a human credit assessor and is therefore NOT real.
A dual occupancy property is something you may want to consider, not just as a property investor but also as a first home buyer. This is not a new idea but …
There is always a stress-filled buzz in the air every time the big 4 banks decide to hike up interest rates. In mid-September three of the big banks rose to the occasion …
The average Aussie wedding costs around $31,000 today. That’s a big chunk out of your savings or worse still if your credit card was used to foot the bill.