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95% Lending has faded as all the major banks have stopped doing pre-approvals and online casinos taking on 95% loans. 90% lending is available still
The Reserve bank Governor has left the Official Cash rate unchanged this morning at 2.5%. So no rise in the floating rates – Yeah Ha. It is due to go up next year and casino jameshallison everything is pointing to this. The banks will be desperate to lend money early next year and hopefully this…
Today the Reserve Bank has made the banks reduce the amount of their mortgage book of lending over 80% to 10% of their total book. So if they have a One million book of lending then only $100,000 can be over 80%. Most banks are currently at 16%.
Stopping first home buyers borrowing 95% will not slow the housing market so making the banks put more money aside to cover any shortfalls if the house market crashes ( Yea Right ) is a better option, Really just build more houses then the prices will come down !! A recent Survey is below on…
