Category Archives: Debt Consolidation

25% have refinanced their home loans

Posted on 12/07/2011 by admin

A quarter of all Australians have refinanced their home loans during the past two years, while 14.2 per cent had refinanced their loans in the previous year. This information was made available from the latest Bankwest/MFAA Home Finance Index. Certainly … Continue reading →

Posted in Debt Consolidation, Economy, Home Loans, Mortgage Refinance | Comments Off

Home Loan default exposure is high – Fitch

Posted on 09/06/2011 by admin

A recent report by Fitch Ratings has claimed that Aussie households are very vulnerable to future interest rate increases by the RBA, with many being at risk of falling into mortgage arrears. In an exposure draft review of the Australian … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance, Property News | Comments Off

Home loan defaults at all time high

Posted on 27/05/2011 by admin

HOME loan defaults are increasing to levels beyond those experienced during the GFC.  Borrowers are struggling to maintain monthly home loan and other debt repayments. During the the first three months of 2011, Mortgage arrears escalated by 30%. This was … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off

Home Loan Saving Strategies

Posted on 25/05/2011 by admin

With all the talk in the media about prospective interest rates continuing to go up, home loan holders should take some time to consider methods by which they may be able to save money on their home loans. While the … Continue reading →

Posted in Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off

Mortgage Stress hits the wealthy

Posted on 24/05/2011 by admin

It seems that mortgage stress is not only the domain of the low income earners – the wealthy are also affected. The chief executive of Resi Mortgage Corporation, Lisa Montgomery, says that the wealthier borrowers are also impacted by the … Continue reading →

Posted in Debt Consolidation, Economy, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off

Home Loan defaults at very high levels

Posted on 05/05/2011 by admin

Borrowers are defaulting on their home loans at a faster pace today than they did at the height of the global financial crisis. Escalating costs of living are being blamed for this situation. Westpac, Australia’s second-biggest home loan provider, announced … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off

100% Home Loans not available in Australia

Posted on 23/03/2011 by admin

The internet inquiries for no deposit home loans are escalating every month. Unfortunately no deposit home loans are no longer available through any lender. These products were discontinued at the start of the Global Financial Crisis to prevent the property … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off

Great Time for a Home Loan Health Check

Posted on 30/12/2010 by admin

The Loan Market Loan Group has come out to say that mortgage brokers should use the holiday downtime to discuss Mortgage Health Checks with their clients. Some experts are predicting that interest rates in Australia could go up by as … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off

Macquarie buys a significant stake in Bluestone

Posted on 30/11/2010 by admin

Macquarie Bank is intending to purchase 17.5% stake in the mortgage firm Bluestone Group via the subscription of newly issued Ordinary shares. According to Bluestone Chairman, Alistair Jeffery, Bluestone are very excited to have the support of such a significant … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, Low Doc Home Loans, Mortgage Refinance | Comments Off

Mortgage Refinance – huge demand

Posted on 11/11/2010 by admin

According to the Mortgage and Finance Association of Australia(MFAA) , it’s brokers have been flooded with Mortgage refinance inquiries in recent days. In fact, MFAA claims that brokers have not seen that level of inquiries since the introduction of the … Continue reading →

Posted in Bad Credit Home Loans, Debt Consolidation, Economy, First Home Buyers, Home Loans, Low Doc Home Loans, Mortgage Refinance | Comments Off