We explore the seven main advantages of a home or property valuation. These include selling your home, securing a home loan, reducing refinancing applications and more.
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Property values are hard to determine definitively as the only 100% correct, actual value is what someone is willing to pay for it at any given time. We explore 3 property valuation methods.
A home loan needs regular check-ups to ensure you get the most out of it and own your property sooner. Read more to find out what exactly is involved in a home loan check.
An interesting 12 months with housing prices rising sharply; interest rates remaining steady; end to the Sydney and Melbourne housing booms; CBA and NAB making moves; smaller lenders offering very competitive rates.
NAB announced Australian postcodes where it will restrict loan-to-valuation ratios due to increased risk for mortgages in particular suburbs.
The government has enforced lenders to immediately reduce investment lending practices, meaning it's harder and more expensive to borrow for investments.
Rising property prices and pressure from banking industry regulators such as APRA are making most major lenders review how they assess borrowers for loans.