Author: MAXISLoans
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Survey Shows Growing Borrower Confidence in Australia’s Mortgage Market
A recent survey conducted by the Mortgage & Finance Association of Australia (MFAA) indicates a positive shift in borrower sentiment in Australia. Mortgage brokers are witnessing improved outlooks among clients as refinancing becomes more accessible and mortgage stress declines. Home Loan Interest Rates in Germany: A Comprehensive Guide: Understanding the Factors that Impact Interest Rates…
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Coalition’s Plan to Relax Lending Rules Sparks Debate on Housing Market
The Coalition’s election promise to relax lending rules could have significant implications for the housing market, potentially leading to larger home loans and increased house prices. Currently, banks are required to apply a 3 per cent serviceability buffer when assessing borrowers’ capacity, ensuring they can afford repayments both now and in the future without facing…
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What Happens to Your Mortgage If You Get Divorced?
When going through a divorce, there are a multitude of financial considerations to navigate, and one major aspect that often comes into play is what happens to the mortgage on the shared home. A mortgage is a significant financial commitment that couples enter into together when purchasing a home, and untangling this commitment during a…
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Can You Sell a House with a Mortgage Still Owing?
Selling a house that still has a mortgage owing on it is a common scenario that many homeowners face. Whether you need to relocate for a job, downsize, or simply want to move to a different neighborhood, selling a house with an outstanding mortgage is definitely possible. However, there are certain considerations and steps that…
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Australian Mortgage Stress Declines, RBA Urges Prudent Lending Practices
Recent data suggests that Australian mortgage stress is on the decline, bringing relief to many households. The Reserve Bank of Australia (RBA) has emphasized the importance of prudent lending practices by banks to prevent potential risks in the housing market. Variable rate mortgages : hearings before the Committee on Banking, Housing and Urban Affairs, United…
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What Happens If You Default on Your Mortgage?
Defaulting on your mortgage is a serious financial situation that can have long-lasting consequences. When you take out a mortgage to buy a home, you are essentially borrowing money from a lender to purchase the property. If you fail to make your mortgage payments as agreed upon in the loan contract, you are considered to…
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Insurance Council of Australia Supports Coalition’s Proposal for Mortgage Insurance Reform
The Insurance Council of Australia (ICA) has thrown its weight behind the federal Coalition’s proposal to revamp the way the Australian Prudential Regulation Authority (APRA) applies capital requirements to home loans supported by lenders’ mortgage insurance (LMI). This move is part of a broader effort to enhance housing affordability and resilience in the country. Federal…