Mortgage Exit Fees Banned

Published on December 12, 2010 by Technology Slice

Mortgage Exit Fees Banned – Treasurer Wayne Swan will announce today plans to ban mortgage exit fees – blamed for dampening competition by making it prohibitively expensive for customers to switch to cheaper loans – from July 1 next year. The Sunday Age believes the much-anticipated banking competition package also includes a plan to give [...]

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RBA States There Is No Housing Bubble

Published on May 19, 2010 by Technology Slice

RBA States There Is No Housing Bubble – The Reserve Bank has warned lenders and borrowers to be prudent while giving an assurance that Australia does not have a speculative housing bubble on its hands. Fears of a property bubble emerged after the Australian Bureau of Statistics house price index rose 20 per cent in [...]

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Free Credit Reports

Published on May 18, 2010 by Technology Slice

Free Credit Reports – People who are denied credit or a job because of their credit history may soon be able to get their credit score free of charge, thanks to an amendment passed by the Senate Monday evening. The measure, part of the massive Wall Street reform bill being debated in the Senate, would [...]

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Managing Credit Card Debt

Published on March 15, 2010 by Technology Slice

Managing Credit Card Debt – Heavily in debt to credit card companies? Need quick and painless options for elimination of this kind of debt? And that’s what some financial experts offer!! Zero damage to your credit report! Read and find out how…

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Open Question: Do Australian banks care about lenders owning overseas property when applying for mortgages?

Published on January 7, 2010 by Technology Slice

I live in New Zealand, and am currently maintaining two houses with mortgages.
I’m considering a move to Australia in a few years’ time, where I would also like to buy property. I’m only wondering if an Australian bank would need to take my overseas mortgages into account when calculating my eligibility for whatever amount of Australian mortgage I am applying for, or if they simply don’t care. After all, they’re rented out, and carry themselves.
Would anyone know?

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