How Do Lenders Assess Your Home Loan Application?
When lenders assess a home loan application, they are always assessing their risk. The lower the risk, the more comfortable they are at giving you the loan.
RBA official cash rate hikes up to .85%
the Reserve Bank of Australia (RBA) has increased the official cash rate, this time by a further 50 basis points to 0.85 percent, as it tries to curb inflation.
Are you ready for the rise in interest rate in 2022?
After 138 months, the Reserve Bank of Australia (RBA) has decided to increase the official cash rate by 25 basis points to 0.35 per cent in response to increasing inflation pressures. The latest inflation data showed Australia had recorded the highest quarterly and annual increase in more than two decades. The last time the RBA increased interest rates […]
How to calculate loan to value ratio?
Loan to Value Ratio is the percentage of the loan against the value of the property. It is how much loan you have divided by the market value of your house.
How to get a home loan if you’re self-employed
Applying for a home loan if you’re self-employed may seem daunting. The uncertainty of COVID-19 has made it even more difficult to assess its impact on your financial statements. If you’re self-employed or you own your own business, the challenges of admin – keeping your accounts, finances and income flow all on track is exacerbated […]
How to improve your credit report
This impacts all eligible consumer credit accounts. These are accounts that provide or can provide consumer credit such as home loans, personal loans