If you’re looking to refinance your home loan this year, the odds are stacked against you. There are a few factors at play making loan approval tricky. Firstly, in the wake of the banking royal commission, banks have cut back on their lending and are subjecting customers to greater levels of scrutiny, affecting new and refinancing borrowers.
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After being the only big 4 bank to resist a rate hike in September, NAB has today announced a home loan rate rise for both owner occupiers and investor home loans on the Tailored Home Loan.
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To fix or not to fix that is the question - or at least it’s the question on the mind of both current and prospective Aussie homeowners.
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Between managing staff, keeping on top of operating costs, and enduring times of unpredictable turnover, running a small business can feel like one big, protracted headache. So for small business owners looking for a leg up, taking out a business loan could be a great idea.
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Bank of Queensland and Virgin Money have both announced home loan rate rises this week, a move that may signal a new round of out of cycle home loan rate rises. Mozo Data Manager Peter Marshall said rising rates could lead to an RBA rate cut - or two - in the first half of the year.
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After a tumultuous few years which saw housing prices skyrocket to the highest they’ve ever been, the Australian property market looks set to settle down - at least a tiny bit - in 2019.
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The Australian Prudential Regulation Authority (APRA) has today announced a plan to remove its 30% benchmark on interest-only residential mortgage lending from January 1, 2019.
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The clock’s ticking down to Christmas. In fact, there are just ten days to go.
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To say that 2018 has been a turbulent year in the Australian property market is an understatement.
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Australia’s premier consumer watchdog has today released a scathing assessment of the way some of the country’s largest banks ‘stifle’ price competition in the home loan market, to the detriment of their customers.
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