Showing 1 to 8 of 8 results
Older Australians Face Home Loan Barriers, Exposing Retirement Insecurity
Justin Flowers, a 52-year-old graphic designer with $300,000 in savings, and Naomi Oakley, a 56-year-old, were both denied home loans, highlighting a broader issue of older Australians facing financial precarity due to limited access to homeownership, despite government initiatives like Help to Buy.
Older Australians Face Home Loan Barriers, Exposing Retirement Insecurity
Justin Flowers, a 52-year-old graphic designer with $300,000 in savings, and Naomi Oakley, a 56-year-old, were both denied home loans, highlighting a broader issue of older Australians facing financial precarity due to limited access to homeownership, despite government initiatives like Help to Buy.
Progress
40% Bias Score
ASIC Sues Westpac's RAMS for Systemic Misconduct in Home Loans
ASIC is suing Westpac's RAMS home loans for "systemic misconduct," including submitting fake payslips and altering customer data to secure loans, resulting in approximately \$7.6 million in compensation to 48 customers following an internal Westpac review.
ASIC Sues Westpac's RAMS for Systemic Misconduct in Home Loans
ASIC is suing Westpac's RAMS home loans for "systemic misconduct," including submitting fake payslips and altering customer data to secure loans, resulting in approximately \$7.6 million in compensation to 48 customers following an internal Westpac review.
Progress
24% Bias Score
AMP Launches 10-Year Interest-Only Home Loan Amid Affordability Concerns
AMP launched a new 10-year interest-only home loan for pre-retirees and first-home buyers, despite warnings about the risks, particularly for owner-occupiers; Canstar modeling shows a \$600,000 mortgage could accrue nearly \$150,000 in extra interest over the life of the loan.
AMP Launches 10-Year Interest-Only Home Loan Amid Affordability Concerns
AMP launched a new 10-year interest-only home loan for pre-retirees and first-home buyers, despite warnings about the risks, particularly for owner-occupiers; Canstar modeling shows a \$600,000 mortgage could accrue nearly \$150,000 in extra interest over the life of the loan.
Progress
56% Bias Score
Bankwest Targets Underserved Australians to Boost Home Lending
Bankwest, a Commonwealth Bank subsidiary, is launching a new digital platform and removing bonus caps for home loan bankers to gain market share from digital lenders like Macquarie, targeting underserved Australians and leveraging independent mortgage brokers who write about 80 percent of its loans.
Bankwest Targets Underserved Australians to Boost Home Lending
Bankwest, a Commonwealth Bank subsidiary, is launching a new digital platform and removing bonus caps for home loan bankers to gain market share from digital lenders like Macquarie, targeting underserved Australians and leveraging independent mortgage brokers who write about 80 percent of its loans.
Progress
48% Bias Score
Rate Cuts Offer Mortgage Relief, but Most Australians Keep Repayments Steady
Australian homeowners can reduce their 25-year mortgage by over two years and save tens of thousands in interest by maintaining current repayments after recent interest rate cuts, despite most choosing to keep payments unchanged, showing a conservative approach to debt.
Rate Cuts Offer Mortgage Relief, but Most Australians Keep Repayments Steady
Australian homeowners can reduce their 25-year mortgage by over two years and save tens of thousands in interest by maintaining current repayments after recent interest rate cuts, despite most choosing to keep payments unchanged, showing a conservative approach to debt.
Progress
44% Bias Score
Home II" Program in Greece: €870 Million Approved, Disbursement Delays Emerge
Greece's "Home II" program, launched in January 2023, has approved €870 million in loans to 7,300 beneficiaries, aiming to utilize its €2 billion budget by November 2023, despite disbursement delays due to contract finalization.
Home II" Program in Greece: €870 Million Approved, Disbursement Delays Emerge
Greece's "Home II" program, launched in January 2023, has approved €870 million in loans to 7,300 beneficiaries, aiming to utilize its €2 billion budget by November 2023, despite disbursement delays due to contract finalization.
Progress
44% Bias Score
Rising Home Equity and Declining Interest Rates Offer Homeowners Financial Advantages
The average homeowner now has $313,000 in equity (up 6% year-over-year), can borrow up to 80%, and benefit from declining interest rates on home equity loans and HELOCs, with potential tax deductions for home improvements.
Rising Home Equity and Declining Interest Rates Offer Homeowners Financial Advantages
The average homeowner now has $313,000 in equity (up 6% year-over-year), can borrow up to 80%, and benefit from declining interest rates on home equity loans and HELOCs, with potential tax deductions for home improvements.
Progress
44% Bias Score
French Mortgage Rates Plummet, Offering Significant Savings to Borrowers
French mortgage rates have fallen more than 1% since December 2023, saving borrowers substantial sums and prompting predictions of further decreases to an average of 2.5% by year-end, due to banks' competitive strategies.
French Mortgage Rates Plummet, Offering Significant Savings to Borrowers
French mortgage rates have fallen more than 1% since December 2023, saving borrowers substantial sums and prompting predictions of further decreases to an average of 2.5% by year-end, due to banks' competitive strategies.
Progress
52% Bias Score
Showing 1 to 8 of 8 results