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The loan suddenly turned into an impossible commercial loan burdened with a +100% LVR. A few challenging weeks later, (the substantial $amount) loan was approved with a Loan to Valuation ratio over 100%, and the purchase settled exactly on the... Read more
The Reserve Bank (RBA) Governor, Philip Lowe, whilst addressing the Anika Foundation on 14 September 2021, had a go at the Interest Rate Swap (IRS) market because of differing views on the expected path of the official cash rate. Lowe... Read more
Interest rates are suppressed by central banks. Yield curve control is one of their tools. Another tool is buying vast amount of bonds on market and funding government deficits, and lately the FED has been taking over a trillion USD$... Read more
The property was scheduled for auction on Saturday, 29 May 2021. On Friday, 14 May 2021 the real estate agent informed the auction was brought forward to 22 May 2021. On Monday morning, 17 May 2021 agent called for best... Read more
With a bit of horse trading, the retailer bettered their competitors’ cut-throat prices. I was surprised to be offered a buy now, pay later plan as payment, so I used my negotiating skills to my advantage. I got an... Read more
Our complimentary auction bidding fee for our CLS clients includes – Auction attendance. Bidding. Auction success. Any negotiations on the day before the Auction. Any negotiations on the day of the Auction if the property is passed in. Our... Read more
We believe that our mortgage brokering clients deserve support and professional advice when purchasing property. Buyers’ Agents usually charge as much as real estate agents do, and most people cannot afford their services. Negotiating with real estate agents and... Read more
The Federal Reserve is broadcasting, as soon as this Thursday 27 August 2020, that is going to unleash inflation in a big way. Jerome Powell may well turn out to be the antithesis of former Fed Chair Paul Volcker.... Read more
The Australian Securities and Investment Commission released their updated RG209 guidelines for all credit licensees (banks, mortgage brokers, finance companies, etc). This is the most astonishing example ASIC gave on how a lender can meet their Responsible Lending Obligations of... Read more
Refinance. Only if it was as simple as anyone that wants to grep a media headline tells us to – yes you guest it – refinance. The biggest hurdle is … wait for it … affordability, i.e. are... Read more