Home Loans & Mortgages

That brings up a few questions for the Prime Minister.

So Julia Gillard, how will you sort out this mess? In particular….
How will you overturn the ability of the banks to bleed the “hard-working families” white and take most of their pay packets through high margins?
How do you plan on stopping the coming wave of foreclosures and the homelessness of hard-working Australians?
How will you keep the non and bank mortgage sectors apart and return then to a truly competitive picture to reduce interest rates.
How will you ensure that a new raft of mortgage players can easily enter the mortgage market to drive down interest rates?
If the HSCB bank in the UK can provide mortgages on a margin of 0.49%pa why do our banks need a margin over six times that amount?
When will Labor stop encouraging in anti-competitive behaviour?
How will you break the Big Four Bank Cartel?

The Commonwealth Bank of Australia CEO gives his version of Banana-gate to signal mortgage rate increases. Whether you believe that the banks are paying more for their money or not is irrelevant, Australia’s banks are gearing up to ramp up rates over and above any further RBA mortgage interest rate hikes. The biggest reason for [...]

Accumulative home loan mortgage interest rate rises, coupled with higher home prices around Australia have pushed housing affordability to its lowest level on record. The Commonwealth Bank of Australia – Housing Industry Association (HIA) Quarterly Review of Housing Affordability for the September quarter showed the index falling 2.1 per cent to be 8.3 per cent lower [...]

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 [...]

Home loan seekers looking to borrow big dollars brings champagne treatment from banks, but many battlers wanting to secure a home have to take what they’re given. While investors can improve their mortgage interest rate by up to 2 per cent through professional packages designed to attract big spenders, first homebuyers are paying thousands of [...]