Best Mortgage Rates – Home Loans for the Rich and Home Loans for the Poor!
There seems to be an emerging pattern in the last few blogs – money makes money!
All seems very typical of the banks – always giving out free umbrellas but very quick to take them back if it starts raining!
We seem to be back to a two-tier mortgage and/or investment loan market which is basically working on the principal of the more you can actually afford, the cheaper your loan will be. Of course, the reverse is also true; the less you have in equity or income the more the banks will charge you for your investment loan.
Bottom line is, for anyone with a little bit of equity or savings and a reasonable, steady income, there are still good deals out there and it’s a great time to be buying a good little investment property!
Read more: www.smh.com.au/business/banking-and-finance/banks-get-picky-with-mortgage-deals-rewarding-cashedup-owneroccupiers-20160125-gmdx28#ixzz3yP8wj0DN
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