Forty per cent of first-time home buyers are suffering mortgage stress. Fujitsu found 581,000 households were in mortgage stress, up 0.7 per cent during Febr.....
CreditMart recently undertook some analysis around interest rates on reward program credit card offers and found that the average interest rate on these cards was 1.....
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.....
Mortgage brokers are set to move into other debt and credit product markets as pressure on their business models intensifies. ANZ became the last major bank to cut commissions to mortgage brokers on Friday. The cut equals a 35 per cent pay cut. A "perfect storm" in the broking industry caused by lower demand and commission cuts will see forty per cent of the industry disappear says leading mortgage broking group AFG. AFG have cut 20 per cent of staff as new loans fall well below projections this year. Brokers could soon be selling other types of loans, credit cards and even transaction accounts says AFG.
