Banks Crack Down on Overseas Property Investors
The four big banks have initiated a tightening of policy on foreign borrowers wanting to borrow funds in Australia. The banks have tightened rules on the source of income, increased the size of deposits required and one bank has stated it will no longer permit any lending to a non-resident. The decision was made after […]
Can Mortgage Brokers Get Better Deals? If So, How?
Taking out a home loan can be a difficult task and become very confusing with so much on offer. You have to compare different products offered by various lenders, and then you have to apply for the loan, which also means you’ll have to prepare the necessary documents for the application, and the list goes on […]
What Costs are Involved in Purchasing a Home?
When you’re buying a home, you should know exactly how much it’s going to cost you. For one, it will help you plan better, and another reason is that it will help you avoid charges that some lenders may hide in their product. Here are some of the extra costs to consider when buying a home: […]
Everything You Need to Know About Credit Laws in Australia
What are the Credit Laws in Australia? The amended Privacy Regulation Act commenced on 12 March 2014 and includes details of how financial institutions can collect, use and disclose your financial information to credit-reporting bodies. This means that your financial institution is legally allowed to share your credit liability information and your repayment history by […]
How Do I Make the Transition from Homeowner to Investor?
Are you looking to increase your wealth or add an extra source of income? The chances are, like most Australians, you’re looking to invest in property. If you are, it is important to understand and feel confident about your decision. Here are some tips that will assist you in making the transition from homeowner to […]