Mortgage holders stay on top, despite ‘cost of living’ increases

Despite the rise in inflation and interest rates over the past two years, “nearly all borrowers continue to service their debts on schedule”, according to the latest Financial Stability Review from the Reserve Bank of Australia (RBA).   “Households with lower incomes, including many renters, have felt these budget pressures acutely,” the RBA said.   [...]

By |2024-05-07T16:20:37+10:00May 7th, 2024|Financial|Comments Off on Mortgage holders stay on top, despite ‘cost of living’ increases

Credit report changes: don’t be caught out

If you applied for a home loan in the current financial environment , your lender would probably assess your application in the context of both your credit score and your credit history – on top of your income, assets, liabilities and living expenses. Your credit score is a number calculated by a credit-reporting agency, which [...]

By |2019-09-06T13:47:28+10:00September 6th, 2019|Uncategorized|Comments Off on Credit report changes: don’t be caught out
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