What Is A Comparison Rate? How The Fine Print Is Costing You Thousands With interest rates hovering around all-time lows, more and more property investors and homeowners are considering refinancing for a better interest rate and a better deal. And many lenders are happy to oblige by serving up the so-called, “lowest interest rates around!” Of course, the low interest rate environment does present great ...
New Rules On Investment & Interest Only Loans
Important Changes To Interest Only Loans & Investment Lending Interest only loans and investment lending have been a hot topic lately especially after the Australian Prudential Regulation Authority (APRA) issued guidelines and rule changes regarding lending practices in March 2017. Things changed rapidly in the mortgage industry following these announcements. In fact, I’ve noticed a bigger change in ...
Looking For The Best Interest Rate For Your Investment & Home Loans? Be Warned!
🔔🔔🔔 Warning: “The best Interest rate!” Ever since RBA announced the recorded rate cut, more and more advertising start to pop up with “the best interest rate”. To those who feel like jumping straight in, again, my advice: WAIT AND LET THE DUST SETTLE The reasons 👇🏻 1️⃣ A lot of lenders haven’t had the new rates applied to their advertised ...
Cross-Collateralisation And Investment Loans! When? Why? How?
Cross-Collateralisation Mortgage Cross-collateralisation or cross-securitisation is a strategy property investors with more than one property may wish to use when applying for a new loan. Some investors will try to avoid cross securitising their properties, but with recent lender structures, government pressure from APRA and policies often changing, avoiding cross collateralising may not be the best ...