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!
Will the building and construction industry lose 80,000 jobs over the next three years?
Whilst the home construction building sector is booming, its not the same for construction workers on major projects.
According to a building industry union, 80,000 jobs will be lost in the next three years as business investment collapses. That is a dire prediction, [...]
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?
Property is, and always has been, a solid long-term investment, but maybe not the bonanza it can be right at this point in time.
So if you are thinking of buying a property as an investor, take your time and shop around, and negotiate on price, and buy wel located homes in good suburbs.
Continue reading about Property investors push first home buyers off their perch
The fact is that the banks are not the home loan market, or the housing market; they represent a minor part of it, but they have an unfair amount of power, and have used that power in my view to profiteer on the back of the mortgage belt, at a time when other businesses were suffering.
Continue reading about Have home loan interest rates hit rock bottom, or is there more to go?
