Your credit history is now more visible

But don’t worry! It’s a good thing for most people. Previously, when applying for a home loan, banks and credit providers would only look at your ability to service the mortgage; so, basically, your income. That was before the introduction of Comprehensive Credit Reporting (CCR). Now, borrowers are assessed on their full financial history, including…

Are you paying a Loyalty Tax?

Many Australian’s still have their home loan with major bank lenders – and it could be costing them thousands of dollars each year. A large number of people simply let their home loan roll along because “they’re too busy to review it” or “it’s too hard to refinance”. For some they simply feel that “My…

First-time buyers hit property hotspots in COVID-19 window

First-time buyers are actively searching in affordable areas around Australia during the COVID-19 pandemic hoping to snap up property bargains. Savvy first-time buyers are seizing the opportunity to secure a property while incentives are high, low deposit home loans remain on offer, and competition is low due to the coronavirus. Despite a general drop in…