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Monthly Archives: October 2008
Refinance A Home Loan
So what is refinancing? Refinancing is actually the closing out of a mortgage and then financing your home with a new loan. Before refinancing can be considered an investigation and comparison of available loan types needs to be carried out. … Continue reading
First Home Owner Grant Changes
In brief, The First Home Owners Grant has been given a boost as follows: First home buyers who purchase established homes will now receive a grant of $14,000 First home buyers who contract to build a new home or purchase … Continue reading
Not So Bullish For Australian Rental Property
A few post’s ago I started to extol the virtues of rental property investment and that I thought there were going to be some outstanding opportunities on the horizon. Well, unless you’ve been living marooned like Robinson Crusoe on an … Continue reading
Standard Variable Home Loan Interest Rates Cut
All the major banks have announced further cuts to their standard variable mortgage interest rates in recent days. Most have bought their rates down by .21%. I take this as proof that the Federal Government’s bail out of the finance … Continue reading
Home Truths and Mortgage Watchdog
In these uncertain times I have few home truths for you to consider. Seek, find and stick with a reliable and loyal partner. Life is a lot easier when shared with a trusted, respected life partner. Take good care of … Continue reading
What is an Equity Finance Mortgage?
Essentially an Equity Finance Mortgage it is a home loan offering for owner occupiers only, where you joint venture with your lender. Your lender takes a stake in your property in lieu of regular monthly repayments or interest during the … Continue reading
Home Loan Rates To Tumble
Home Loan Rates in the 5% range not out the question. Continued pessimism and low clearance rates for property sales in Australia has led to a chorus of economists predicting official interest rates will be near zero by 2010. Home … Continue reading
Credit Crisis Property Opportunity
Opportunity is a funny word. The Websters dictionary definition is: 1 : “a favourable juncture of circumstances 2 : a good chance for advancement or progress.“ The current credit crisis I believe offers itself to both definitions. So for property … Continue reading
LVR and Lenders Mortgage Insurance
If the amount you need to borrow to purchase your new home or rental property gives you a Loan Valuation Ratio, LVR, of more than 80%. (65% for some low doc mortgage loans) Your lender will almost certainly compel you … Continue reading
Posted in Australian Home Loans, low doc, lvr
Tagged Lenders Mortgage Insurance, lmi, Loan Valuation Ratio, lvr
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Lower LVR Preferred by Major Lenders
It is official, banks are making it tougher to get a home mortgage. Despite the bail out from the Federal Government to free up lending, it seems some of our major banks have not got the message. A client reported … Continue reading