by Mortgage Innovations | Dec 15, 2021 | First Home Buyer Loans, Home Loans, Housing Market, Industry Updates
An extra 4,651 first home buyers will be able to access federal government assistance during the 2021-22 financial year. The government had originally pledged to support 20,000 first home buyers this year – 10,000 under the First Home Loan Deposit Scheme and 10,000...
by Mortgage Innovations | Oct 28, 2021 | Financial Advice, Home Loans, Industry Updates
Australia’s banking regulator, APRA, has introduced new lending rules that will reduce the maximum amount some people can borrow. When you apply for a mortgage, lenders are required to assess your ability to repay the loan not on the actual interest rate, but on the...
by Mortgage Innovations | Oct 1, 2020 | Financial Advice, Industry Updates
To say applying for a home loan has been challenging is an understatement. Tight lending policies have long been an issue for the real estate and building sectors. For us, it has been challenging in the sense that applications have been more complex than ever, and...
by Mortgage Innovations | Oct 1, 2020 | Financial Advice, Home Loans, Housing Market, Industry Updates
There’s a land rush happening across Australia bolster by grants and incentives, and premium house prices. Lofty property prices – thanks to general scarcity of stock and buyers making the most of low interest rates – and a raft of compelling building and...
by Mortgage Innovations | Jul 20, 2020 | Financial Advice, Home Loans, Industry Updates
So you’ve been saving up for your first home or 2020 was the year to upgrade your house, then a pandemic hits and you start receiving Jobkeeper payments. The good news is don’t fret… there’s definitely lenders out there who will accept Jobkeeper payments as income....