What You Need To Know About Second-Tier Lenders
One of the workarounds that’s been suggested since tough new lending rules started making it harder to get a mortgage is considering second-tier lenders. In our experience second-tier lenders can provide a useful alternative when the main banks aren’t playing ball – but even mentioning the term ‘second-tier’ can provoke an interesting response from some […]
The impact of new lending restrictions on those who want a mortgage
The new lending regulations that have banks going through your statements with a fine-toothcomb and assessing what you spend on Uber Eats and Netflix might feel a bit judgey (and it kinda is). That judgement impacts how much people with good incomes and strong equity positions can borrow. The solution for making the banks less […]
Why Mortgage Debt For Even Longer is Not The Solution to the Housing Affordability Crisis
Record-high (and rising) house prices have prompted plenty of potential housing affordability solutions to be proposed, among them, the prospect of 40-year mortgages. Given where prices currently sit, repaying the debt over the current maximum term of 30-years is unaffordable for a burgeoning number of people, even at rock bottom interest rates, and given people […]
Money is Cheap! If You Can Get it. Your Guide to Getting a Mortgage Amid Tougher Lending Conditions
It feels as though it’s getting cheaper to borrow money by the day, and low-deposit restrictions have been nixed – so you’d think getting a mortgage would be a cinch. Except – it isn’t… While interest rates are at bargain-basement levels, the banks have seldom been stricter primarily as a result of Covid – meaning […]
10 is the new 30
When you celebrate a birthday that has a zero at the end of it, people are quick to reassure you ‘it’s the new 30!’ 40, 50, 60 – they’re all the new 30. But I believe 10 is the new 30 – when it comes to your mortgage that is! Too often borrowers default to […]
Kill Your Mortgage and Sort Your Retirement
Get serious about your money, pay off your mortgage quickly and ensure you have enough for retirement ‘We will now pay off our mortgage in five years rather than 30 years‘ Kirsten & Mike Mason, Fair Go ‘It’s a relief to be working with Hannah to sort our retirement’, Mark Leishman The latest book release […]
Why you should be worried about interest rates
If you’ve bought your first home in the last decade or so, you could be forgiven for thinking that the interest rates you’re enjoying now are about where they will always be. The Reserve Bank started cutting interest rates back in 2008 as the country headed into recession, and then cut more rapidly as the […]
