If you find yourself in the situation that you are unable to pay your credit card debt balance off each month then there are steps you can take to reduce your interest charges.
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Not all credit cards are created equally. And so it makes it that much harder to decide which credit card offer to choose. There are many factors you sh.....
Australian lenders are fighting to retain or boost their market share, despite evidence of mortgage stress. The major banks are predicting a rebound in mortgage lending this year as fears of further interest rate rises fade. However, there is increasing debate surrounding low-doc loans. Brian Johnson, JPMorgan analyst, said that banks are obsessed with market share, underwriting standards are falling and there has been a massive increase in loan-to-valuation ratios (LVRs). Alistair Jeffery, Bluestone Mortgages CEO, said that the deteriorating residential market, instead of tightening LVRs, will only intensify competition for business. While Jon Donovan of Gadens, said that the industry was concerned by legal issues surrounding asset-lending, where the lender relies on the value of the security, such as a house, rather than the borrower's ability to pay.
The Reserve Bank of Australia (RBA) has found that home buyers in parts of Sydney and Melbourne are struggling with increases in loan repayments after three interest rate rises last year and falls in the values of their properties.............Details
Increasing numbers of mortgage delinquencies have prompted Genworth Financial to contact clients directly and implement workout strategies.............Details
Basic home loans used to be popular with first home buyers and low income earners but due to improved features they are enjoying a wider popularity.............Details
