TWO CENTS WORTH

Articles and Musings by John Hudson

09-08-19

Lower interest rates and the decrease of assessment rates means greater lending capacity for home buyers.

With regulators having applied the brakes to lending in recent years, (some estimates claim borrowing capacity has reduced by as much as 30%) the Australian Prudential Regulation Authority (APRA) has decided to lower the minimum interest rate serviceability buffer from 7% to a level determined by lenders.

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09-08-19

AUGUST 2019 HOUSING MARKET UPDATE

With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal.

But when even a small interest rate reduction means potential savings of thousands of dollars, is a simple phone call really enough to get you there?

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09-08-19

IS ONE PHONE CALL REALLY ALL IT TAKES TO SECURE A BETTER RATE?

With official interest rates trending downward, shrewd mortgage holders may take the opportunity to call their lender to ask for a better deal.

But when even a small interest rate reduction means potential savings of thousands of dollars, is a simple phone call really enough to get you there?

more

 

 

 

03-04-19

APRIL 2019 HOUSING MARKET UPDATE

In news this month, tighter credit conditions are still having a broad dampening effect on buyer activity. This isn’t just with investors, there has also been a considerable decline nationally in owner-occupier lending, according to CoreLogic.

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15-02-19

THE ROYAL COMMISSION AND THE POTENTIAL EROSION OF COMPETITION

The recent Royal Commission into Banking was an overdue exercise in cleaning up instances of bad practice, theft, and unethical behavior taking place within the banking and finance sector.  However, the recommendation to undermine the Mortgage Broking Industry has potentially serious ramifications for all Australian borrowers. How the banks have managed to influence the inquiry to this extent is bewildering to some, but business as usual to others. more

 

 

16-01-19

SELF EMPLOYED LENDING

I’ve been self-employed for most of my working life. I was perhaps inspired by my father, who after many years working for a lousy boss, viewed becoming your own boss high on the list of life’s achievements. He loved to say “When you work for yourself you can earn two wages”.  He didn’t mention that it was also possible sometimes to earn half a wage. Either way, anybody that is involved in small business is aware of the roller coaster of sales and cash flow and the extra challenges that brings in finding the right home for your lending. more

 

 

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