Archive of: lending criteria
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Mortgage advice posted December 14, 2011
Two interesting scenarios have come across our desks in the last 10 days and I hope they demonstrate to you why you would use the go2guys as your mortgage broker over the DIY approach. In the first case we suggested to a couple that they tidy up a handful of things (especially their account conduct) [...]
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Do banks lend over 80%? posted June 20, 2011
I was asked this question the other day. The really funny thing was that I thought everyone knew the answer was ‘yes’. Clearly I spend too much time reading lending criteria instead of engaging in the real world! To borrow over 80%, you need Tweet
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The truth about low deposit mortgages posted May 15, 2011
You may have noticed that banks have become more flexible in their lending policies especially for borrowers whose deposit is less than 20%. In fact, you may have even seen some advertising on TV (Westpac) or on Facebook targeting first home buyers (ASB). While the banks are certainly lending to people with low deposits (thats [...]
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100% mortgages coming back? posted May 15, 2011
Making headlines recently in Sydney’s Daily Telegrpah was an article on high LVR lending with bank and non-bank lenders alike reported to be getting more comfortable lending up to 100%. What? I hear you say. Isn’t this the sort of behaviour that got economies in the poo in the first place? Well, no, not really. Lending to [...]
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Round Up – July 2010 posted May 15, 2011
Media make rate rises more dramatic than they really are Interest rates getting back to normal Lending criteria remains conservative To fix or float? Are your hands getting numb yet? Surely consumers must have pins and needles by now because as an economy we have been bashed about so much over the past couple of years [...]
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