Monthly Archives: October 2010

First Home Saver Account changes mooted

The Federal Government has released draft legislation on First Home Saver Accounts for public comment that will allow savings in such accounts to be paid into an approved mortgage after the end of a minimum qualifying period, rather than requiring it to be added to a superannuation account. The change is designed to make the […]

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Major banks tipped to move on rates

In an article by Ben Abbott from Broker News he had written that Australian major banks may lift interest rates before the next meeting of the Reserve bank board in November, despite the central banks’ decision to hold steady recently, according to Australian Finance Group’s Mark Hewitt. Recently the RBA board held the official rate […]

High LVR lending returns

I recently read that Non- bank lenders are seeking to claw back market share with the reintroduction of high Loan To Value Ratio (LVR) products. Homeloans Ltd recently reintroduced lending of up to 95 per cent LVR after 18 months of tighter lending policies. “Homeloans has made the move back into high LVR lending, at […]

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Brokers Save Refinancers Cash

In the BrokerNews there was an article written by Kevin Eddy and it read that seven out of ten refinancers that used a mortgage broker saved money on their mortgage. Mortgage Choice’s latest survey of refinancers has revealed that 45% used a mortgage broker to assist them with their refinancing, and that over half of […]