Home Loans & Mortgages

Fitch Ratings found that Australia’s mortgage lenders and mortgage insurers could handle a 40 percent overall drop in property values, coupled with a home loan default rate of 8 percent.
Its important to realise here that this is a stress test modelling, not a likely scenario, according to Fitch.

Loan applications can be approved or declined based on these 8 credit checks. If you are thinking about applying for a home loan use these solutions to ensure your gets loan approved. With the recent credit tightening that is happening Globally, I estimate that more home loan applications are being initially declined than are approved. [...]

Mortgage finance,  home loan and housing news from the UK. Updated on a regular basis by the BBC online news service. To get a summary of the mortgage news story place your mouse cursor over the home loan or house price news headline. To get the full mortgage story click on the summary.