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Category Archives: Mortgage Refinance
Banks responsible for excessive consumer debt
BANKS are encouraging consumers to take up new credit cards and subsequently letting them build up higher balances on their home loans, take on new car loans, all forms of loans and credit are pushed. Despite the NCCP, there is … Continue reading
Posted in Australian Banks, Car Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Loans, Mortgage Refinance
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Debt consolidation before renovation
Recent statistics published by the ABS point to home owners opting to reduce debt by concentration of debt consolidation when looking for home loans rather than home renovation. ABS statistics show a 7% decline in refinancing of home loans during … Continue reading
Posted in Debt Consolidation, Economy, Home Loans, Mortgage Refinance
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Rams profits from borrowers delaying refinance of loans
The unfavorable climate for refinancing loans is generating some extra profit for RHG Limited, the manager of the back-book of mortgages originated by Rams Home Loans. The average lifespan of loans taken out by Rams borrowers is expected to increase. … Continue reading
Posted in Australian Banks, Economy, Home Loans, Loans, Mortgage Refinance
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Cheap loans are best – borrowers
It seems that in today’s challenging economic times more borrowers are price aware than ever before. In many cases when choosing between loans, pricing of loans is the determining factor. Borrowers are finding that lines of credit home loans are … Continue reading
Posted in Australian Banks, Economy, Home Loans, Loans, Mortgage Refinance, Personal Loans
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Japanese banks will take Aussie loans
In a report in the Daily Telegraph today, it is alleged that Japanese banks would like to enter the Australian market and if they do could snatch $100 billion of the Australian home loans by undercutting local lenders. Local lenders … Continue reading
Posted in Australian Banks, Economy, Home Loans, Loans, Mortgage Refinance
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Dodgy bank loans?
Hundreds of bank customers are about to launch a class action against their banks accusing them of acting outside of legislation when approving their home loans. According to almost 300 borrowers and their families, banks have offered them loans which … Continue reading
Posted in Australian Banks, Economy, First Home Buyers, Home Loans, Mortgage Refinance, Property
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CBA accused of misleading loans advertising
ASIC has been pressuring the COMMONWEALTH Bank to change potentially false and misleading advertising of its Wealth Package loans. As a consequence of pressure from ASIC and the Banking regulator, CBA has agreed to change their advertising material. According to … Continue reading
Posted in Australian Banks, Economy, Home Loans, Mortgage Refinance, Property
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Lending criteria will not ease during 2012
While there is significant demand for no deposit loans and 100% home loans, lenders are unlikely to radically change lending criteria over the coming year. Genworth Financial chief executive Ellie Comerford told the AFR that not withstanding the poor growth … Continue reading
Posted in Australian Banks, Economy, First Home Buyers, Home Loans, Mortgage Refinance
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Unsecured personal loans require clean credit
Non conforming unsecured personal loans are in huge demand, unfortunately there are no such loans available in Australia. Borrowers who have tried to borrow for debt consolidation or a holiday or just some spending money from their banks but were … Continue reading
Posted in Australian Banks, Debt Consolidation, Economy, First Home Buyers, Home Loans, Mortgage Refinance, Property
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RBA will cut rates in February
Experts believe that RBA will announce another cash rate cut in February. According to recent domestic data, there is a real need for another rate cut, with both consumers and businesses are still low on confidence and high on caution. … Continue reading
Posted in Australian Banks, Economy, First Home Buyers, Home Loans, Mortgage Refinance
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