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
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Can I get a $1,500 payday loan with bad credit?
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.