Home Loan

IS IT a coincidence that “Aussie John” Symond has announced he’s giving up the day job at Aussie Home Loans just as the Reserve Bank reveals the big banks have recaptured the home loan market? more

FEDERAL Treasury has suggested Australian superannuation funds consider investing in mortgages as it tries to support the non-bank lending sector. more

THE number of people buying houses in South Australia has slumped to the lowest level in almost four years, exclusive new figures show. more

SOARING house prices have people jumping ship - on to them, that is.

Married couple Susie Hope and Terry Lee are two of a growing number of people opting for life on the water.

The retired Sydney couple have spent the past year living on their 13m yacht, Spirit Chaser, at a marina in Southport on the Gold Coast.

At $1000 a month, Mr Lee said renting a berth was cheaper than renting a house. more

DITCHING the credit cards, paying your bills on time and shopping around for lenders are among tips from experts on how to secure a home loan.

Amid the credit crunch, mortgages are harder to get than at any time in the past 20 years, experts say.

Faced with a collapse in home lending approvals, would-be borrowers need to get their financial affairs in order before approaching banks, they say. more

Home loans in Australia slid for the fifth straight month in June as rising borrowing costs and tougher lending conditions scared away house buyers, reinforcing the case for an early cut in official interest rates. The number of mortgages for home-occupiers fell 3.7 percent in June, compared to May when they slid 6.9 percent. That left mortgage commitments at their lowest since June 2004 and brought the drop for the year so far to an eye-watering 23 percent. read more

The Green Choice advantage

Green Choice Mortgages

At Green Choice Mortgages, we believe in the triple bottom line - that environmental responsibility, community responsibility, and financial responsibility are not only essential, but can be used together to achieve goals that can benefit everyone. We achieve this vision through:

• Our nationwide network of skilled and highly experienced mortgage brokers
• Our promise to donate 20% of our profits to green charities.

When you’re thinking about buying a house, donating to charity is the last thing on your mind - a home loan is a big commitment, and you’re probably more concerned about saving money to buy your home. We understand this, and that’s why our service is 100% free. Our brokers can find you the most appropriate loan available from a lender panel of over 30 lenders, giving you financial security with the knowledge that regardless of which home loan you choose, a substantial donation will be made by us to our conservation charities. To read more about our organisation, please visit our our vision page.

MORTGAGE Choice, the listed home loan broker, has rejected a merger proposal from the planning firm Count Financial.

Revelations of the proposed tie-up sent Mortgage Choice shares soaring more than 13 per cent to $1 yesterday. The jump was a welcome relief for investors, who have seen the stock plunge almost 70 per cent in the past year. read more

With the after-shocks of the past interest rate rises still being felt by many home buyers and the real impact not fully clear until the next quarterly figures, it is a great relieve for many that the RBA (Reserve Bank of Australia) has decided to hold further increases – well, for now anyway.

Given the continuing volatility of the share trade, the US finance markets and hence our interest rate climate, for many home owners refinancing or re-drawing against their equity is not a real option in order to ease mortgage pressure or escape having to sell their homes.
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