With interest rates at a 12-year high and lenders increasing their rates outside the Reserve Bank of Australia (RBA) cash rate cycle, many borrowers are understandably feeling wary. The cash rate is Australia’s official interest rate and usually lenders only move mortgage rates in synch with it, but this hasn’t been the case over last [...]
There are new federal regulations on mortgage lenders coming out way soon. Recently, President Bush signed a bill into law at the end of July that encourages state regulatory commissions to register all residential loan originators, and creates a national database of lenders that tracks fraudulent activity from state to state. This will keep lenders [...]
Applying for a first mortgage can be a daunting task for the potential first time home buyer. Most first timers do not realize just how much is entailed. Yet, according to many real estate agents, first time home buyers are driving today’s housing market. Today’s housing market that is actually booming right now is the [...]
Buying a property in this day and age is an extremely complicated process. There are a number of things to consider before beginning your search on that dream house you have always been waiting for. There are basic steps to purchasing your first home, which will help one to successfully make an offer on a [...]