Welcome to my Borrowing Tips for Busy Professionals. Today’s borrowing tip is to make sure your Mortgage Broker has a proven track record in navigating today’s difficult borrowing landscape. Especially if you operate a trust and company structure. In the past this hasn’t been so important, because borrowing was much easier. But what your Mortgage […]
Category Archives: News
Borrowing Tips for Business Owners
Welcome to my Borrowing Tips for Business Owners. Today’s borrowing tip is to make sure your Mortgage Broker has a proven track record of helping business owners. In the past, this wasn’t so important. But what your Mortgage Broker did for you back then, is completely different to what they need to do for you […]
Home loan borrowing capacity to be boosted as APRA scraps rule
Sydney Morning Herald, 6th July 2019 A key constraint on borrowing limits that was put in place during the property boom has been removed by the banking regulator. It’s another move that may stimulate the soggy mortgage market. The changes could allow a household on an average income to borrow up to $77,000 extra from […]
Should you borrow more money just because you can?
Over the past few years borrowers have ridden the bank rollercoaster, but borrowers’ budgets are bound to increase under a proposed change announced by the banking regulator. The recent borrowing capacity crunch brought on by increased scrutiny on living expenses looks set to ease, with the banking regulator (APRA) proposing to ease the interest rate […]