Small deposit mortgages most at risk to falling property prices. Refinanced mortgages made up 34% of all home loans financed in 2011. First home buyers and borrowers with 20%+ equity in best position this year.
Borrowing power lost as property values fall
Borrowing cheaper but now more difficult
Home loan rates continue to drive lower in September with more than 220 rate cuts made in the past week, despite today’s RBA decision to leave interest rates on hold at 1.50 per cent.
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
RBA set to continue rate holding pattern
The cash rate is set to hold at 1.50 per cent when the Reserve Bank Board meets on Tuesday, despite a volatile Australian dollar, sluggish mining transition and mounting global pressures to cut.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.