Home loan fact: Last year Wespac snared approaching 30% of all home loan mortgages in Australia. That’s an outstanding volume by any measure. And now it wants to profit on that “in the bank” business .
Continue reading about Home Loans shock! A premium priced home loan from a savvy bank!
Banks over the last three years have let leading standards slip, in an effort to compete with non conforming lenders [sub-prime lenders]. This has lead to higher defaults and foreclosures and that is no good for anyone involved. But are the extra credit reporting requirements really necessary?
Continue reading about Banks to be Big Brother in credit report profiling
The deposit guarantee enjoyed by Australia’s banks for their customers deposits may be ending soon if recent comments by Reserve Bank Of Australia’s Governor Glenn Stevens are heeded.
Australia’s mortgage home loan finance costs were probably lowered as a result of the Government guarantee, and desposit customers concerned about any banks strength would have otherwise fled [...]
Continue reading about Australia’s Banks to stand on their own strengths
If the Mortgage Broker explains to the customert that they are offering a no cost home loan service to them, because the lenders are paying them a commission for introducing the home loan to the lender, they are being honest in my view.
If on the other-hand the mortgage selected favours the mortgage broker and his or her own personal interest, then it seems to me that the mortgage broker would have to be considered dishonest.
Continue reading about Are Mortgage Brokers honest with home buyers and refinancing homeowners?
The Reserve Bank of Australia has left its interest rates options open at its board meeting this afternoon, leaving the official cash rates on hols, as it searches for clues on how the rest of the year will pan out.
Continue reading about Home loan rates on hold as RBA reads the China tea leaves
