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Archive for category: Lending & Finance
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Family Planning: Applying For A Home Loan With A Baby On The Way
Purchasing a home and having a child are two of life's most stressful events. What on Earth happens when both are occuring at the same time?!
... read moreInterest Rates Remain At Record Lows
The Reserve Bank of Australia has yet again left the official cash rate on hold at 1.5 per cent.
... read moreRBA Decision - No Change To Interest Rates
The RBA has kept the cash rate on hold for the 22nd consecutive board meeting at a historical low of 1.5 per cent. At this point in time it is expected interest rates will remain on hold well into 2019.
... read moreCGT and the family home
Expats and foreign residents beware! The family home of foreign residents and expats may be taxed if legislation before Parliament is passed by the Senate.
... read moreHow your bank calculates a business risk
Just like you, banks are in business – and they don’t succeed by making bad deals. When they consider your loan application, they’re calculating the financial risk of entering into an arrangement with you. Let’s break it down...
... read moreHow redraw works and why it’s a handy feature loan feature
It’s one of the less glamorous home loan features, but the redraw facility deserves a second look. Here’s why:
... read moreANZ Lending Update
Effective 16 June, ANZ Bank will increase their Variable Interest Only home loan rates for both investors and owner occupiers by 30 basis points. ANZ's Standard Variable Rate for investment lending with Interest Only repayments is now 6.26% p.a..
... read moreLast of the Major 4 Banks to cap interest only loans at 80% LVR
Westpac Bank announced today the maximum LVR (loan to valuation ratio) for those seeking interest only repayments will be capped at 80%. This applies to both owner occupied and investment lending. They are last of the Major 4 Banks to cap LVRs for ...
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