Categories
Lending
Big Four To Implement Out-Of-Cycle Rate Hike
Westpac Bank will increase variable interest rates for both residential owner occupied and investment loans, despite the RBA keeping the cash rate on hold for the past two years at 1.5%.
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Separating With A Mortgage
When a couple breaks up, there are a lot of things to deliberate. Where are you going to burn the romantic photos? Who gets to keep the slow cooker? How quickly can I get that ring up on Gumtree? Most importantly, what happens to the house…?
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How 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...
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How 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:
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ANZ 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..
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Last 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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Overcapitalising – what it is and how to avoid it
As a home owner or property investor, you may have heard the term ‘overcapitalising’. But what exactly is it and why is it considered bad?
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Your guide to investment property loans
There are certain things to look out for when selecting and applying for a loan for your investment property. Here we look at the main differences, the most popular loan types, and how to get the best mortgage for your situation.
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