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…

Refinancing and how it can assist landlords

Refinancing and how it can assist landlords The current Coronavirus (COVID-19) situation and potential impacts on tenants and their ability to make rental payments may put some landlords in stressful situations around cashflow.  Recently, Prime Minister Scott Morrison announced a moratorium on eviction for non-payment of rent for a period of six months, where the…