http://www.myhomeloanapproval.com.au/index.htmlAustralian Mortgage Newsenoasismortgagegroup@gmail.comCopyright 20082008-08-31T08:15:40+10:00 hourly 1 2000-01-01T12:00+00:00 Thu, 02 Aug 2007 14:33:04 +1000oasismortgagegroup@gmail.comNone2008-08-31T08:15:40+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/7691b494b2fa1a3ba011c5611f000e3a-24.html#unique-entry-id-24http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/7691b494b2fa1a3ba011c5611f000e3a-24.html#unique-entry-id-24News.com.au report

WITH the Reserve Bank expected to start cutting rates on Tuesday, the pressure is on the major banks to follow suit.
But even if Westpac and the Commonwealth follow the NAB and ANZ and agree to pass on the expected cut of 0.25 per cent to struggling home buyers and owners, they will still be well off the pace when it comes to offering the cheapest mortgages.

According to ratings agency Cannex, not one of the 10 cheapest mortgages available to Victorians is offered by a bank.

Click here for full story]]>oasismortgagegroup@gmail.comNone2008-08-05T06:34:46+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/e3a7d19d8586f927bd399f5690d07e30-23.html#unique-entry-id-23http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/e3a7d19d8586f927bd399f5690d07e30-23.html#unique-entry-id-23
Mr North, who developed the "Stress-o-Meter" and produces an authoritative biannual report on the home-loan market, said mortgage stress is not limited to low-income suburbs and is now affecting many in affluent areas.

He estimates that as many as 318,000 households are now suffering from severe stress, up 19% on the previous month, while 465,000 have mild stress, up 7%.

"The fact is people are hurting and they are hurting really badly as they try to square a circle which is getting harder and harder," Mr North said.

"This is going to have a dampening effect on the overall economy."

The new figures were released as the Australian Bureau of Statistics revealed that household wealth fell by 15%, or $7500 per person, in the three months to March and the debt-to-asset ratio surged to a record 138%.

"The ratio shows that households do not have sufficient readily liquid assets to cover outstanding debt, highlighting a degree of vulnerability to an economic downturn," said Craig James, CommSec's chief equities economist.

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FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-08-05T06:32:02+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/f315bbf68d95a75f1e6f50833b9f46d8-22.html#unique-entry-id-22http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/f315bbf68d95a75f1e6f50833b9f46d8-22.html#unique-entry-id-22ZERO-rate credit cards can seem attractive, but it pays to watch out for the sting that comes when the honeymoon is over.

Cannex financial analyst Frank Lopez said the biggest sting could be the interest rate the cards reverted to after the introductory period.

"After that period, which might be six months, the rate goes up and with a lot of the standard cards it can go up to about 20 per cent,'' he said.

"People often let the introductory period run out and end up paying that higher interest rate.

"If you're paying 20 per cent even for a couple of months that basically ends up being a significant cost.''

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FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-07-27T06:32:19+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/64212e201afd2546a741fe268b9424ef-21.html#unique-entry-id-21http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/64212e201afd2546a741fe268b9424ef-21.html#unique-entry-id-21MORTGAGE stress is likely to mean little Christmas cheer for more than one million Australian households.

Home loan lender Wizard, which estimates that 837,000 Australian households are already experiencing some form of mortgage stress, yesterday predicted the figure would top the million mark by December.

Wizard Home Loans chairman and founder Mark Bouris said the findings meant a huge number of people potentially faced the loss of their property unless drastic action was taken, The Australian reports.

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FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-08-03T06:28:09+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/8b5f46f081b7c5bcfb6dcf5eedda8e23-20.html#unique-entry-id-20http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/8b5f46f081b7c5bcfb6dcf5eedda8e23-20.html#unique-entry-id-20STRUGGLING homeowners and business people were yesterday given a ray of hope with experts tipping interest rate cuts in November and then again next April.


The welcome predictions come amid a flurry of bad economic news. Retail sales suffered their worst slump in 30 years this week, leading to fears of mass job losses.

Business and consumer confidence is at its lowest level since the 1992 recession and the number of new mortgages is at a 21-year low because borrowers cannot afford to buy.

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FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-08-03T05:24:08+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/2493f622a920927dcaf4f630038e2878-19.html#unique-entry-id-19http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/2493f622a920927dcaf4f630038e2878-19.html#unique-entry-id-19At times when interest rates are rising along with the overall cost of living there is a need to reduce costs. With almost 1,000,0000 Australian home owners facing mortgage stress cost cutting is essential.

One place where savings can be made is with interest payments. A .25% reducing in your current annual interest rate could represent a sizable saving and while that may seem like a positive step there are a number of things to consider.

Before you jump into the first lower rate you see there are many things to consider.

1. Do you have an early discharge or early payment fees.

2. Current valuation on your security property. In these times it is possible that property values, including your own have dropped.

3. Entry or establishment fees for the new loan. These include Application Fee, Valuation fee, Solicitors fees and disbursements including your own Solicitor’s costs.

4. Account keeping or differed establishment fees.

5. Stamp duty is a one off cost associated any property purchase and can involve many thousands of dollars in extra costs. Check a Stamp Duty Calculator to see what Stamp Duty might apply if you’re buying a new property.

6. Another scary fee is Lender’s Mortgage Insurance or LMI. This fee applies to most home loans,

It’s important to understand that the benefits of a lower interest rate can often be off-set by either the early payout costs for your existing mortgage or new fees that may apply to your proposed new loan.

One thing you could do is check out the home loan mortgage calculators you’ll find on the My Home Loan Approval website. These home loan calculators will allow you to see “what will my payments will be”, “how much I could borrow”.

The bottom line here is that before you dive into what appears to be the lowest rate in town check all the costs associated with leaving your existing lender and the new costs you’ll pay with a new lender. Click here to see how many loans you may qualify for. It’s a free, fast and anonymous service.
]]>oasismortgagegroup@gmail.comNone2008-06-25T13:05:27+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/eab13ced8a8f4bac8d7cd95726618104-18.html#unique-entry-id-18http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/eab13ced8a8f4bac8d7cd95726618104-18.html#unique-entry-id-18
Baby boomers aren't doing their adult children any favours by being overly generous when helping them into their first home, advisers say. Instead, they're financing them into overvalued property that may become a millstone.

Financial planners and property investment advisers say older baby boomers have done well out of property and are retiring with large sums of tax-free money in the superannuation system.

At the same time, they're concerned that high prices mean their children aren't getting a foot on the property ladder. As a result, some parents are handing over tens of thousands of dollars for home and investment property deposits - in some cases leaving themselves short in retirement.

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FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-07-02T09:44:30+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/be99157039f30ac4cfee83df0da127a0-17.html#unique-entry-id-17http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/be99157039f30ac4cfee83df0da127a0-17.html#unique-entry-id-17By: Ron Mark

Home mortgage refinancing is the main alternative that you may consider when planning to buy your own house; it is a very sound decision that is safe enough in order not to ruin you. But the mortgage refinance is to be carefully planned before signing the agreement because you have to make sure that every mortgage rate will be ideal for your case. You can even think about the opportunity that is likely to be provided by almost every mortgage type namely that you will be able to save some money when it comes to the monthly payment. The financial control can be easily regained after signing the final agreement and you will not have to worry about your financial security anymore. But there are several factors to be considered before refinancing your house; these factors are highly important because they can influence the future payments. All these factors are mainly related to your initial mortgage and they are to be considered in order to guarantee the safety of your initial investment.

Therefore, you will have to consider the amount of money that is still owed; the amount of your future refinance is mainly related to your initial investment. The refinance payment will be determined by the initial amount of money that was paid for the present mortgage’ therefore, you will have to pay attention to the exact mount of money that you are going to we in the future to come. You will have to consider the exact length of time that was required by your existing mortgage in order to make sure that your future refinancing will not be expanded in the future. The credit rating should also be taken into account; for instance, if this credit rating is a great one, you are not likely to have future problems with your mortgage rates. But if this credit rating is quite low, you are likely to be faced with various interest rates that are likely to be higher; these rates will also come along with higher charges as well. Therefore, the credit rating should be determined in the correct manner in order to become aware of the interest rates that are going to be paid for your initial mortgage.

You may also think about how long you are going to stay in the newly bought house; if you are planning to resell it after a short period of time, you are not going to benefit from the opportunities that are provided by the mortgage refinance. But if you are likely to stay longer in the house, you will be able to save some money because the mortgage rates will be highly beneficial. The monthly bills are also to be considered because refinancing may come along with saved money.

There are several tips to be followed in order to ensure your future success when it comes to refinancing your home; the previous factors are to be considered as well but they are to be used in order to make your final decision about refinancing your home or not. Refinancing a house is to be considered as a really good final decision for many people but they should also make sure that this refinancing process will be successful enough in order to satisfying them. The success is to be ensured thanks to the following tips that will help you take care of the refinance mortgage. For instance, you have to make sure that your future interest rates are significantly lowered in order for you to afford them. These rates should be lower than your initial mortgage and you will also have to consider the points as well when thinking about your future rates. For instance, almost every lender will be interested in charging the points with the specific and lower interest rates; therefore, you will have to make sure that you will benefit from the same treatment in order to pay lower interest rates.

The total costs are to be compared as well; you will have to think about the required costs that will be provided by the existing mortgage and you may use the online calculators in order to determine the exact amount of money that you are gong to pay for your original mortgage. All the fees are to be considered and you may take into account even the charges that are likely to occur along the process. These charges are likely to incur especially when you are planning to take on the new mortgage. The good lenders are to be shopped for in order to find the right alternative; the fraud lenders are to be avoided and you will have to research about all the existing local lenders in order to learn how to stay way from the fraud “professionals”. You may even ask for some extra recommendations or try to talk to older clients in order to make sure that a particular lender is the right choice for your mortgage refinance.


The mortgage refinance and the mortgage rates are to be chosen according to professional recommendations.

Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”. ]]>oasismortgagegroup@gmail.comNone2008-07-31T09:36:10+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/4e6975a9f00eddd754e9c57ae1faa253-16.html#unique-entry-id-16http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/4e6975a9f00eddd754e9c57ae1faa253-16.html#unique-entry-id-16THE International Monetary Fund has warned the world to look out. It says the financial crisis that began in the US mortgage market is spreading deeper into other countries and other forms of debt - and countries that rely on foreign borrowing are vulnerable.

As the Australian stockmarket fell heavily for the third day in a row and the National Australia Bank reported that business confidence is at its lowest level since the 1991 recession, the IMF warned that falling house prices could lead to widespread losses in Western countries.

In a terse three-page update to its April report, Global Financial Stability, the IMF did not mention Australia. But it warned that global investors had become wary about where they park their money and were demanding higher premiums to lend to countries with current account deficits higher than 5% of GDP.

Australia's deficit is 6.25% of GDP, and its banks are already paying steeply higher premiums on global and Australian markets, which they pass on to home buyers and other lenders through frequent rate rises.

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Footnote: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-07-02T09:31:51+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/More%20here.html#unique-entry-id-15http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/More%20here.html#unique-entry-id-15Copyright 2006 Tracey Anderson
A mortgage is often the biggest commitment a person undertakes, and one should take time to consider all of the legal and financial details before diving head-first into such an agreement. Your mortgage broker, banker, or real estate agent can often be a good source of information about these details; if there is still confusion, you may even wish to engage a solicitor to review your contract, watch out for unusual or potentially harmful clauses, and explain the details to you. Always take time to read the contract, and seek out third-party advice if you do not understand it. An unscrupulous lender, broker, real estate agent or seller may attempt to pressure you into signing an agreement without reading it, or worse, yet, signing a blank form for them to fill in later. Avoid succumbing to this pressure, and always understand what you are signing before you have signed it. If you are being pressured to sign a contract immediately without a thorough reading, then the best thing to do is walk away.

Once you’ve found a house and arranged for the mortgage, the legal process of transferring ownership between parties, known as conveyance, is very specific and complicated. Your mortgage broker, lender, or real estate agent may be familiar with the process, and may be able to give you advice on the matter. However, the process itself must be done by a solicitor or registered conveyancer. Alternately, a homeowner can choose to do the process individually using a do-it-yourself kit. Conveyance naturally comes with a conveyance duty which must be paid to the state, although in some states, you may be able to qualify for an exemption if you are a first-time home buyer.

The property title itself, which in most cases is called a Torrens title, establishes proof of ownership. Old System titles are more complicated, and require the buyer to show clear title for every previous owner.

The issue of survivorship must also be addressed. Typically in the case of a husband and wife, the home is held in joint tenancy, so that if one spouse passes on, the other will retain the right to the property. If a home is held in tenants-in-common, however, each tenant’s share of the home is separate, and in the case of death would become part of the deceased’s estate. Under common law, if no other arrangement is specified, joint tenancy is assumed.

Before buying a home, legal hassles can be avoided by executing a thorough inspection. You can choose to inspect the home yourself, or hire a licensed inspector. Either way, you will be able to gain knowledge about any existing conditions of the home that you can use in your negotiations. Having knowledge of the home’s condition and any flaws or defects ahead of time will put you in a better legal position, since it may be difficult to recoup any costs for undetected flaws after the transaction has already been finalized.

About the Author
Tracey Anderson is a mortgage broker with 16 years experience in the Australian mortgage industry. For personalised information from leading independent brokers, visit http://www.mortgagemall.com.au

Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”. ]]>oasismortgagegroup@gmail.comNone2008-08-02T09:21:42+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/f0d85f3a61487d93bd4d5807248bfbc9-14.html#unique-entry-id-14http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/f0d85f3a61487d93bd4d5807248bfbc9-14.html#unique-entry-id-14Copyright 2006 Tracey Anderson

Small businesses and self-employed individuals are what drives much of the Australian economy, yet self-employed home buyers face unique challenges when trying to qualify for a mortgage. In particular, the paperwork requirements are typically substantial, since self-employed persons do not have the same easy proof of income others do. When you work for somebody else, simply bringing in a check stub or statement from your employer is proof enough, but if you are self-employed, this isn't a possibility. Lenders must guard against fraud, and protect themselves against self-employed borrowers who overstate their income. This is why lenders will either require either an almost unmanageable amount of paperwork and verification, or a significantly higher than average down payment. Also, stated taxable income is often kept to a minimum as self-employed persons and their accountants take advantage of every deduction possible. Self-employed persons may also find it difficult, or even impossible, to separate their personal and business finances. If they have not been self-employed for a long time, up-to-date financial statements may not yet be available.

Banks have become more willing to work with self-employed individuals, and recognize that many such persons earn incomes far above the national average.

Fortunately, many lenders have special programs that offer a simpler option for self-employed individuals. Low documentation loans are specifically designed for those borrowers who find it difficult, because of reasons of self-employment, to comply with the usual requirements for income verification. A low documentation loan requires a borrower to complete a declaration of their financial situation. The declaration is a simple form which allows the borrower to make a statement regarding their income, without having to provide evidence. Good credit and a high down payment is usually required to obtain a low documentation loan. Because there is a high down payment requirement, lenders mortgage insurance will typically not be required.

While there are many mortgage products in Australia that require just ten percent down, a low documentation loan will usually require the borrower to have a substantial equity stake, in some cases 40 percent or higher. If you qualify for the First Home Owner Grant http://www.firsthome.gov.au however, some banks may be willing to count this grant towards the down payment. National Australia Bank was one of the first banks to start offering low-documentation loans to self-employed borrowers, offering a package that does not penalize self-employed individuals with higher fees and interest. NAB's low-documentation loan product comes in the same variations as any other standard loan, and you can choose from fixed and variable interest rate options.

Although most lenders do require a significantly higher than average down payment, in some circumstances, you may be able to find a low-documentation loan for as little as 20 percent down payment.


About the Author
Tracey Anderson is a mortgage broker with 16 years experience in the Australian mortgage industry. For personalised information from leading independent brokers, visit http://www.mortgagemall.com.au

FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-08-02T09:16:08+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/39f2bb4f2ef8982e81aced5e819e3106-13.html#unique-entry-id-13http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/39f2bb4f2ef8982e81aced5e819e3106-13.html#unique-entry-id-13The Australian mortgage industry has matured considerably over the years and has started offering some of the best mortgage options to residential or commercial loan seekers. The old tag of the mortgage industry being too rigid and overall having a painful cumbersome loan process has been almost completely wiped out and a new trend has emerged which has seen a lot more home loans or mortgages being approved in a record amount of time.

It has never been better for the Australian consumer to apply for any kind of home loan or mortgage with the mortgage companies themselves making life much easier for the person applying for the loan. Mortgage consultants now go above and beyond helping their customers choose the right loan for themselves. Each type of loan is carefully explained and it is made sure that the consumers ultimately choose the loan that is best for his or her situation.

One of the options that most mortgage corporations in Australia offer to their customers is the low doc home loans option. This is a loan that has seen a lot of activity recently and is gaining popularity with consumers.

Low doc home loans are a mortgage or home loan where there is no requirement to verify your income. But all other documents are required as they are with any other type of home loan. This loan is ideally suited to self-employed individuals, contractors who are working independently and investors. This loan type also suits people with enough income but who don’t want to waste time in bank verification and other time consuming processes. Borrowers should be aware that with low doc style loans a default or similar negative listing on your Credit Reference will make you ineligible for lo doc finance.

A low doc home loan has an interest rate a little higher than normal types of loans and mortgages. This said, with some lenders the rate will reduce to their standard variable rate after say a 2 year period, provided you have meet all your interest payments on time. This loan is largely for those who want to buy investment properties, refinance their existing property and who do not have current taxation returns on their income. This normally prolongs standard investment loans. There are mainly three types of lo doc home loans available.

NO DOC LOANS: for obtaining this loan, the ‘no doc loan’ requires the minimum number of documents and documentations. The loan lender goes through the loan request from the borrower with no financial documents at all and maximum privacy is given to these loan candidates as well.

STATED-INCOME LOW DOC LOANS: for someone whose income is fluctuating every day, week or month, the stated income loan is the best. But this type of loan requires the borrower to show his earnings for the minimum of two years initially and he also has to show tax returns and all other bank statements.

Although low doc loans obviously have appeal for those who perhaps don’t have their financial documents in order or have privacy concerns, those who have low incomes that would not be sufficient to qualify for a standard variable rate loan, should not resort to overstating income on a low doc application in order to borrow. Lending guidelines are there to protect both the lender and the borrower – defaults traumatic for both parties and a mortgagee sale is almost inevitable if income is grossly overstated, particularly when the borrower is already under financial stress.

By consulting with your experienced mortgage lender you can find out whether low doc home loans are a good option for you. They are in the best position to check which type of loan is best for you and make your life that much easier.

About the Author
Vicky Edema has been the Managing Director of Austral Mortgage Corporation since 1992, a company specializing in offset home loans and property finance

Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”. ]]>oasismortgagegroup@gmail.comNone2008-08-02T07:45:09+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/82654ee513853b60bc5689e79e0ad9fe-12.html#unique-entry-id-12http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/82654ee513853b60bc5689e79e0ad9fe-12.html#unique-entry-id-12FALLING house prices have prompted fears of a US-style meltdown, but economists say prices will remain stable as long as people keep their jobs.

Australian Property Monitors yesterday predicted house prices would fall 10% in the next year. It said values had fallen in most capital cities in the three months to June 31, with Melbourne down 0.6%.

Rival analyst Residex reported that prices fell in all capital cities in June, with Melbourne houses down 0.39%. Chief executive John Edwards said the country was headed for a "once-in-100-years real estate slump".

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Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”. ]]>oasismortgagegroup@gmail.comNone2008-08-02T07:43:10+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/20e2c0b821bb8ec97d6b669f704bf796-11.html#unique-entry-id-11http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/20e2c0b821bb8ec97d6b669f704bf796-11.html#unique-entry-id-11THE Reserve Bank is expected to consider cutting interest rates at its board meeting next week, but bankers are warning that reductions may not be passed on to consumers.
Financial markets have put the chance of rates being cut in September at 70 per cent in the wake of falling retail sales and reduced consumer and business borrowing. They expect a second reduction before Christmas, The Australian reports.

However, bank funding costs are still rising, and bankers warn that there will be no automatic flow-through to consumer rates.

Click here for full story

Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. Be sure to check out the fantastic range of Oasis . Answer that question:- “How much can I borrow” and “What will my repayments be”. ]]>oasismortgagegroup@gmail.comNone2008-07-31T04:54:14+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/351bb90fb316176de7e3678254415a0a-10.html#unique-entry-id-10http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/351bb90fb316176de7e3678254415a0a-10.html#unique-entry-id-10
The key when you have payment issues is to get intouch with your credit provider and see if you can sort somehting out. It may also be a good time to look at debt consolidatation.

If you have left it too late to sort something out with your lender and you now have a default on your credit history talk to your mortgage broker about debt colsolidation which would include paying out the loans in default.

Click here to see if you would pre-qaulify for a home loan for someone with credit defaults.

Check out the Home Loan Calculators to see “how much can I borrow”. You should also check to see “what will my repayments be”
Remember it’s never too late to talk to us about your home finance needs. My Home Loan Approval has industry accredited mortgage brokers Australia wide who can provide with you personal professional service at no cost to you. They can show you how to get a fast home loan approval.]]>oasismortgagegroup@gmail.comNone2008-07-30T12:01:15+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/ce0173360079e7ffaa008e569e28dda0-9.html#unique-entry-id-9http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/ce0173360079e7ffaa008e569e28dda0-9.html#unique-entry-id-9With so many loan options available to Australian home owners it’s great to see that one website offer borrowers a wide range of calculators for their use and best of all free of charge.

The My Home Loan Approval website allows brokers to answer some key questions like;- How much can I borrow? and What will my repayments be?

In addition to those calculators they also have calculators for Reverse Mortgage, Refinance, Debt Consolidation, Home Loan Splitting, Home Loan Comparison, Fixed or variable rates, Extra Payments calculator and an all state Stamp Duty calculator.

By using these home loan calculators Australian borrowers can see a range of options and will be better informed before they speak with their mortgage broker.

For anyone looking for a fast home loan approval the My Home Loan Approval website provides an extensive range of tools and resources in addition to their calculators.

]]>oasismortgagegroup@gmail.comNone2008-07-28T10:36:17+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/019ffc0f852fc96151d9ee0cbd0dd5cd-8.html#unique-entry-id-8http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/019ffc0f852fc96151d9ee0cbd0dd5cd-8.html#unique-entry-id-8High interest rates - could force nearly a million Australian households into a state of mortgage stress, by the end of this year.

A new report - by Wizard Home Loans, and Fujitsu Consulting - suggests almost 840,000 households will face some form of mortgage stress, that's up by more than 60,000 from May.

Almost half of those households are considered to be under severe stress, meaning they're struggling to manage their level of debt, and meet loan repayments.

Click here for full story

]]>oasismortgagegroup@gmail.comNone2008-07-27T10:34:32+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/ad61bdab401cc98c531a18da821b8e38-7.html#unique-entry-id-7http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/ad61bdab401cc98c531a18da821b8e38-7.html#unique-entry-id-7The Government needs fast-acting remedies for the economy, tax system and environment, writes Kerry-Anne Walsh.

WHEN an MP suggests the Government legislates to enforce mediation between lenders and home owners about to have their homes repossessed, things have officially become grim.

Liberal MP Sussan Ley's proposal reflects the distressing fact that home repossessions are frighteningly common. Tour the outer suburbs of any high-priced city and it stares you in the face: street after street of "for sale" signs, many mortgagee-in-possession fire sales.

Click here for full story

FOOTNOTE: Get yourself pre-approved for a home loan in just 60 seconds using My Home Loan Approvals exclusive software. It’s FREE, FAST and it can be ANONYMOUS. Be sure to check out the fantastic range of Home Loan Calculators. Answer those questions:- “How much can I borrow” and “What will my repayments be”. Fast Home Loan approvals are possible even home loans for people with bad credit. ]]>oasismortgagegroup@gmail.comNone2008-06-12T09:11:38+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/f55a8683a27d3deda22535277020c99f-6.html#unique-entry-id-6http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/f55a8683a27d3deda22535277020c99f-6.html#unique-entry-id-6Spammers preyed on popular current events in May capitalising on the global economic slowdown, petrol prices and natural disasters.

Spammers preyed on popular current events in May capitalising on the economic slowdown, petrol prices and natural disasters in order to harvest personal information, according to Symantec’s latest state of spam report. In one example, spammers promoted foreclosure loan remedies to “help” homeowners relieve their mortgage stress.

Symantec reported that spammers asked end users to visit a website and fill out a form including their personal details and the remaining balance of their mortgage loan.
Click here for full story]]>oasismortgagegroup@gmail.comNone2008-06-09T11:33:13+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/cc38a682dca708ca62ca129d9a10d846-5.html#unique-entry-id-5http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/cc38a682dca708ca62ca129d9a10d846-5.html#unique-entry-id-5BY MARK SYMONDS
4/06/2008 2:51:00 PM

A recent survey shows a dramatic jump in the number of borrowers in western Sydney facing serious financial problems.

The survey of almost 1 million mortgages throughout Australia by Fitch Ratings, one of the three big global debt-ratings agencies, shows that in some western suburbs more than 6 per cent of mortgage holders are 30 days or more behind in payments.

This compares with a national average of just 1.88 per cent. And since the survey, which was up to March 31, interest rates have increased.

Wetherill Park topped the list as the nation's worst-hit suburb at 6.7 per cent, up from 4.9 per cent last September.

Also in the country's top 10 hardest hit suburbs are St Marys with 6.3 per cent, Guildford with 6 per cent and Rooty Hill with 5.1 per cent.

Click here for full story]]>oasismortgagegroup@gmail.comNone2008-06-09T11:25:56+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/76d61f464d11b55147b14ba7cfd69ee8-4.html#unique-entry-id-4http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/76d61f464d11b55147b14ba7cfd69ee8-4.html#unique-entry-id-4By finance reporter Adrian Thirsk
New research suggests a growing divide between rich and poor as mortgage stress continues to climb.
Ratings agency Fitch has analysed 947,000 residential mortgages across the nation.
It found that mortgage arrears are rising nationally but are still low at 1.88 per cent. Western Australia has the lowest number, but the situation there is deteriorating the fastest.
Fitch managing director Ben McCarthy says there is a stark disparity between rich and poor suburbs. "Nine of the top 10 worst performing postcodes in the country are actually in New South Wales, and eight of those nine are actually in south-western and western Sydney," he said.
Click here for full story]]>oasismortgagegroup@gmail.comNone2008-06-05T12:05:57+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/0fe62c99d511bb50e83b861b316024e0-3.html#unique-entry-id-3http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/0fe62c99d511bb50e83b861b316024e0-3.html#unique-entry-id-3THE Federal Government has ordered an inquiry into the home loans market with a view to increasing competition between banks and non-bank lenders.
The House of Representatives Economics Committee is embarking on an examination of competition in the banking and non-banking sectors with a particular focus on home mortgage products.

"We need to open up competition in the retail banking and non-banking sectors, demystify the number of home mortgage products available and offer a wider choice to the consumer," committee chair Craig Thomson said.

"The committee's inquiry will focus on developments on home mortgage products, their providers and the current state of the industry."

Clcik here for full story]]>oasismortgagegroup@gmail.comNone2008-06-04T12:03:23+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/c05065607ef54a3e193a6d5f4de2e580-2.html#unique-entry-id-2http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/c05065607ef54a3e193a6d5f4de2e580-2.html#unique-entry-id-2By Colin Brinsden, Economics Correspondent

CANBERRA, June 3 AAP - The federal government has proposed a shake-up of financial services regulation it says will protect consumers from rogue mortgage and finance brokers.

Prime Minister Kevin Rudd says the reforms are aimed at bringing the regulation under a national umbrella to replace the existing "dog's breakfast" of state and federal rules.

The mortgage industry and business welcomed the government's green paper on the issue released today.

Treasurer Wayne Swan said the government planned to tighten and streamline the country's financial services and credit regulations, bringing them into the 21st century.

"That's all about protecting mums and dads who are consuming financial services and it's also about better regulation," Mr Swan told reporters.

Click here for full story]]>oasismortgagegroup@gmail.comNone2008-06-07T12:00:53+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/619a43099a340b07b13ec5333f1ad090-1.html#unique-entry-id-1http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/619a43099a340b07b13ec5333f1ad090-1.html#unique-entry-id-1By Lorna Thornber
 

Proposed regulation of the mortgage broking market could impose unnecessary costs on consumers and limit their choice of lenders if it is not planned carefully enough, according to Tower Australia chief executive Jim Minto.

Minto’s comments follow the Federal Treasury’s release earlier this week of a green paper on financial services regulation and credit reform, which included plans to regulate the mortgage broking industry.

Click here for full story]]>oasismortgagegroup@gmail.comMortgage News2008-06-02T14:32:00+10:00http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/ed6dd6df0ecdef0c242643ba2e025a72-0.html#unique-entry-id-0http://www.myhomeloanapproval.com.au/australian_mortgage_news_blog/files/ed6dd6df0ecdef0c242643ba2e025a72-0.html#unique-entry-id-0My Home Loan Approval.

The My Home Loan Approval website is the home of the fast home loan approval. Get pre approved in just 60 seconds. Pre-approval is available 24/7.

The service offered takes less than 60 seconds and is free and anonymous unless the user wants more information. Click here to see if you’d qualify for a home loan.
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