lenders Tag

Most Australians who sell their home don’t own the property outright. If you’re one of them and wondering what happens to your mortgage when you sell, read on....

A key constraint on borrowing limits that was put in place during the property boom has been removed by the banking regulator. It's another move that may stimulate the soggy mortgage market. The changes could allow a household on an average income to borrow up to $77,000 extra from a bank,...

The stars are aligning for home buyers with a new formula to be used by the banks in assessing mortgage applications that will make it easier to get home loans. After months of restraining bank lending, on Tuesday the prudential regulator said it would soften rules around mortgage 'stress tests'. The move...

  With so many loan options and an increasingly complex market, it can be hard to pick the right loan for your needs. There are many different factors to consider when it comes to choosing loans. In this article, we outline the features you need to look out for when comparing...

  A number of myths and misconceptions that keep coming up about mortgages.   1. IT DOESN'T MATTER IF YOU PAY YOUR LOAN MONTHLY OR FORTNIGHTLY False: A 30-year, $350,000 loan on a 4.74% interest rate, would equal monthly repayments of $1,823.66. If you paid half ($911.83) fortnightly, the loan term would be 25 years...

Pre-approval is one of the most important steps you’ll take. Knowing the basics will boost your confidence come auction day and ensure you know exactly where you stand with your bank....