Did you know? 70% of Australian retirees rely on Government subsidies or are living below the poverty line. I know I do not want to be part of this statistic, living on less than $300 per week (the Australian Aged Pension per couple). So… what is the solution?
INVEST FOR YOUR FUTU...
While the Reserve Bank has dropped interest rates, APRA (Australian Prudential Regulation Authority) is trying to cool Sydney’s housing market by scrutinizing banks’ lending policies for investment purposes. This has led to many lending policy changes by the major four banks...
Applying for your first home loan can be a daunting task and I’m often amazed at the preconceptions people have about lending policy. So what do you need to know and what are the banks looking for?
LENDING POLICY FALLS INTO TWO MAIN AREAS - SECURITY AND SERVICEABILITY
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