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Resimac has announced they are reducing their assessment rate from 3% to 2% on all of their loan products, other lenders may soon follow suit.
Anyone has taken loan from People's Choice CU? My broker has indicated them as an option as they apparently uses a 5% rate for assessing rather...
Hello great people, Is it true that lenders when assessing take only 30% of annual gross wages and 80% of total rental on an investment property...
Hi PCers, Just bump into this article which states that CBA has lowered its loan assessment rate again from 5.75% to 5.4%. CBA slashes mortgage...
APRA bins buffer, lets lending rip
Sorry, this isn't an announcement that CBA is changing their assessment rates. It's actually the opposite. The CBA is going to treat existing...
"ANZ says 7.25pc buffer has to go" ANZ is leading the pack to voice the concern, the 7.25% is a killer to borrowing. Home loan rate (OO PI)...
After reading the RBA’s announcement from their Tuesday meeting there seems to Be a high chance of a rate cut coming up this year - have seen this...
I'm wondering, do the banks see the 7.25% assessment rate as primarily providing for a buffer or is it more geared towards the average interest...
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