Home Loans & Mortgages

Myth #1. A big brand bank home loan is better than a mortgage from non bank lender. Most people don’t like the major banks, but this myth prevents them from capitalizing on the mortgage opportunities in the growing non bank area. Myth #2. A bad credit history means you can’t get a home loan. It [...]

A lot of people are suffering from mortgage stress right now, and they need answers right now.
They can’t afford to wait for the Government to create competition in the mortgage industry, they need to refinance now, or risk losing their home to the greedy banks.
And that poses a couple of questions.

Mortgage Rates in Australia the lowest in 45 years. Mortgage Interest rates are now at their lowest point in 45 years with the news that the RBA has cut the official cash rate 100 points this afternoon to 3.25 per cent per annum. Westpac passes on the Full Rate Cut Out of the big banks, [...]

It has been reported that the Obama administration has proposed a hose -down of the US mortgage market that would limit the Government’s role in supporting home ownership through implied Government Guarantees and mortgage facilitation through Fannie Mae and Freddie Mac.

In that article I have suggested that Interest rates rises concerns for Australian home buyers and homeowners need to be addressed by the RBA and the Government about bank policies in relaxed lending.

There is evidence that any mortgage rate increase will lead to mortgage stress for a lot of homeowners who has overcommitted of mortgage finance, either recently, or by buying at the top of the real estate market.