Home Loans & Mortgages

Being turned off by credit problems that are easily fixed
Credit is getting harder to get for all applicants and especially for credit impaired. If you are a first home buyer and have credit impairment, you will need a bigger saved deposit and strong present income as a given. You may also be better off using a mortgage broker to get the loans that suits your credit profile. Obviously if the mortgage broker knows this profile it will make their job so much easier.

According to the Investors Club the average house price of a Sydney home could rise by $100,000 in the next two years. That could make buying a home a great investment with mortgage interest rates as they are now. They claim that a shortage of homes and a growth in population will cause Sydney house [...]

The reason house prices are so high is that it has been easy for people to get into so much debt, increasing the pool of house buyers. To reduce the pool of homebuyers, either build more housing stock, or, make credit less available.

Mortgage Rates: RBA may lift rates next month, if not then August As the impact of rising fuel prices and the devastation of the floods hit Australian inflation, major banks are shifting their forecasts for the next official interest rate rise to next month. Inflation will hit interest rates The Reserve Bank of Australia tries [...]