What exactly is mortgage stress, and how can you overcome it without losing your home? With the Reserve Bank of Australia (RBA) signalling that interest rates are anticipated to rise in 2024, many banks and home loan providers have started to shift their own fixed rates. Many of these changes have seen these financial institutions… Read more »
Tougher lending restrictions are being introduced for mortgages from December. Here’s what that means for new borrowers. With most banks and home loan providers already operating under the new Credit Contracts and Consumer Finance Act (CCCFA), the process around applying for home loans is changing. The level of evidence required for a home loan is… Read more »
You’re filing in your home loan application (congrats, BTW), but the request for genuine and non-genuine savings has you stumped. Since when were savings not real savings? When filling out your home loan application, one of the most crucial aspects that your provider will request will be proof of the amount of money you have… Read more »
