The Australian Prudential Regulation Authority (APRA) has released new policy that toughens the rules on bank lending. In a key change, APRA is now being more specific in demanding minimum interest rates banks must use when approving customers for home loans, investment loans and business loans. What does this mean to you? No matter how […]

Have you got the lowest interest rate? Interest rates are at historic low levels but how do you know you’ve got the lowest rate? Firstly, it’s important you know most banks have “under the counter” rates that are lower than the advertised interest rate. Whether you have a home loan, investment loan or business loan, […]

When you’re looking for a better deal on your loans, it’s the hassle of paperwork and forms that makes things too hard. At Craig Tracey Lending our FastDoc system is just 3 simple steps to save you the hassle of paperwork. All you need is internet banking and scanner to save your documents to Dropbox.  We then do all the […]

“Competition for investor loans in particular has increased, and banks have recently narrowed the gap between investor and owner-occupier loans,” RBA spokesperson Banks are being forced to cut the interest rate premium they are charging new property investors as they compete more fiercely in the investor mortgage market once again. The mortgage market was split in two […]

Westpac has closed 173 branches over the last 12 months as it looks to drive more business from mortgage brokers. The JP Morgan Australian Mortgage Industry Report noted Westpac was rationalising its branch footprint and improving systems to support the group’s multi-brand strategy. Over the last 12 months, Westpac have closed 173 branches (from 1,261 to 1,088) and have improved […]