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Blog Page 5

Self-Employed Home Loans

by Sean Murphy on August 15

Hey Again, I wanted to share some information on Lo-Doc lending, or loans for self-employed borrowers. There’s no secret that being Self-employed can often pose challenges when trying to secure finance from a bank to buy a home, or consolidate some debt through refinancing. As a small business owner you are trying to run your business, […]

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New investor changes – how it has impacted lending

by Anthony Alabakov on July 20

Interesting data has just been released suggesting the new investor lending regulations may have started to reduce banks’ exposure closer to the levels required by APRA, as home loan approvals are at their lowest levels since August 2013. Many lenders such as NAB, Westpac, BankWest have capped investment lending to 80% of the value of […]

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How much of a deposit will you need to buy Land?

by Sean Murphy on July 18

There is a lot of hype in the media about the Melbourne and Sydney property markets. After the investors surge in Melbourne over the past couple of years we have seen the prices of property within close proximity (15-20k’s) of the city shoot beyond the grasp of a good portion of first home buyers. Has […]

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New Investor guidelines – what does it mean?

by Anthony Alabakov on June 17

New investment lending guidelines In late 2014, the Australian Prudential Regulatory Authority (APRA), Australia’s banking regulator, issued communication to all Australian Depository Institutions (ADI’s – banks who accept deposits) outlining steps they would need to take to provide sound residential mortgage lending, focusing on investment loans. This is due to the dramatic increase in investor […]

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Deal of the week and the latest My Mortgage Freedom news

by Anthony Alabakov on March 06

MMF Deal of the Week: This week we were pleased to provide a solution to one of our long term clients who had been locked in to an expensive loan against their Commercial Investment property. They were pleased that we could offer them a 1.50% reduction on their interest rate, and a huge upfront saving […]

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Why should investors be disadvantaged by a poor economy?

by Anthony Alabakov on February 22

The Government, APRA and RBA are looking at ways to ‘cool down’ the property market and experts have suggested increasing interest rates for investors and limiting the amount they can borrow, which I believe is grossly unfair. Why should a hard working Australian who has created equity in their home and now wants to build […]

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