The Australian Prudential Regulation Authority (APRA), has made a simple, but significant change to the lending rules for banks and other authorised lenders.
The bigger the better. Ideally, you will have about 20 percent of the house purchase price saved up. This is a good idea for a couple of reasons.
The lender may ask for three to six months of bank statements for your transactional accounts so they can identify incomings and outgoings.
Pulling together the information for a loan application can seem daunting, and may even feel a little invasive.
Westpac has said that moves to tighten lending standards could come earlier than it previously predicted.
The ACCC has set its sights on helping home loan borrowers save money by upping their engagement with the home loan market after its Home Loan Price Inquiry revealed some interesting facts.
Asset-rich, cash-poor Australians can use the equity in their properties as a way of topping up any shortfalls in retirement.
Here at RealRenta, we are here to help and it's FREE to get a financial check to make sure you are getting the best deal on your loans.
You’re probably very familiar with the term “responsible lending” these days
Typically, property investors not only have investment loans but also a home loan which is not tax-deductible, so they’re keen to pay this off as soon as they can.