Loans

Lenders have been turning up the heat recently in their bid to gain their share of the home loan market.

The other day, while doing some analysis on the loans lodged over the past year and looking at the timeframes and where delays have occurred, I was struck by the number of stages that a loan application needs to go through before settlement and the number of people that the file depends on to go smoothly.

As banks are taking more risks in their lending to capture the low interest rate $1.3 trillion mortgage market, it has sparked more warnings to banks to be wary

A group of prominent real estate agents has launched a petition to rally against the practice of underquoting.

No finance, no investment. It’s that simple. So how do you get the bank to say yes to your mortgage application each time you ask?

1. Look for an eager vendor

A vendor under distress is the most obvious component of a cheap purchase. There is no moral high ground here– often it’s a case that the seller needs a quick disposal and is willing to cut back on the price in order to move the bricks and mortar on.

One day, a family member, loved one or friend may ask you to guarantee a loan for them.