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MortgageInsider
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N   E   X   T    P   A  G  E   
Issue 4
www.mortgageinsider.com.au
 
Get approved today- www.myhomeloanapproval.com.au
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How to use Mortgage Insider
Mortgage Insider - Issue 4 - Page 2 of 20 
NOTICE
The information contained in this publication is for reference only and should not be relied upon in any why.The publishers of the Mortgage Insider and all contributors recommend that any person considering a mortgage in Australia should obtain independent legal advice.
Editorial and advertisingenquiries
Tel: 02 4759-2799Fax: 02 4759-2696oasismortgagegroup@gmail. comwww.mortgageinsider.com.au
Publisher
Oasis Mortgage Group Pty Ltdabn: 92 097 503 556
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The Mortgage Insider magazine isa true interactive magazine thatallows you to get additionalinformation when you need it.Whenever you see a story or a adyou'd like more information on,simply click on the blue informationbutton that appears in it.You can read Mortgage Insider online, print it or save it to your harddrive in .pdf form to read later.Even in .pdf form on your harddrive all the interactive buttons willstill work.The entire issue is searchable.You'll also find a full index of alleditorial content on the MortgageInsider's web site.The Mortgage Insider will bepublished monthly andcontributions and feedback aremorethan welcome.As you can see, Mortgage Insideris a true interactive electronicmagazine that aims to bring youinformation at the time you need it.Naturally you need to be on-line forthe active information links to work.
Be sure to check out theSUBSCRIBERS area on theMortgage Insider website.
Wolf at the door!
 A REVIEW of consumer credit laws has shone the spotlight on predatory lending practices and re-ignited industry debateabout responsibility and choice.
The review follows mounting concerns over lenders who prey upon peoplein hardship, offer dodgy mortgage-reduction schemes, or encourageborrowers, at a cost, into new products that are not necessarily better for them.Submissions to the review, which closed last month, have revealed anindustry bitterly divided along "mainstream" versus "fringe" market faultlines.The mainstream market includes institutions such as banks, credit unions,building societies, non-bank mortgage lenders and national financecompanies.Then there are fringe credit providers, such as payday lenders, whichtypically offer short-termloans (up to 18 months) for small amounts (averagingless than $300).Mainstream lenders saythis distinction is importantfor borrowers who want tokeep their shirts.
Click here for full story.
 
Get approved today- www.myhomeloanapproval.com.au
For more information, click this symbol whenever you see it.
Mortgage Insider - Issue 4 - Page 3 of 20 
Free, fast and anonymous 
In a first for Australia, potential borrowers can now do 60 second assessment to see if they would qualify for a home loan. The web site offering this service calls it the "60 second home loan challenge".
The My Home Loan Approval web siteis not affiliated with any one lender orbrokerage firm so users get a totallyunbiased response.The challenge only takes 60 secondsand is provided
FREE OF CHARGE
 and its use can be totally
anonymous
.On top of that, the assessment resultsare provided
INSTANTLY
.There are products from over 170lenders associated with the web siteso borrowersget a prettygood idea about their chances ofgetting a home loan and how manyproducts they may qualify for in amatter of seconds.The web site includes products likeReverse Mortgage, Lo Doc and Nodoc loans as well as fully featuredmainstream bank loans.To take the 60 second home loanchallenge click the blue informationbutton to be taken towww.myhomeloanapproval.com.auEveryone who does the challenge iseligible to receive a complementarycopy of the eBook.
Mortgage Secrets Exposed 
.
Banks have grounds to raisehome loan rates
A major accounting firm says the big banks have a case for raising home loaninterest rates beyond any increase in official rates.
Deloitte has released an annual report on the Australian mortgage market and suggests it remainsresilient, despite the shake-out on global credit markets.Last week Federal Treasurer Peter Costello again insisted that the banks had no grounds to lift home loanrates for existing customers on the basis of what was occurring in the US sub-prime mortgage market.But Deloitte spokesman Graham Mott disagrees. "My responseto that is, Ithink there isa legitimate case to pass funding costs on if thebanks are keen to retaintheir margins," he said."They are looking at it differently in termsof competitive opportunity in relation to market share, versus their non-bank competitors."From a puremargin retention perspective, banks' fundingcosts will have also increased."
 
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Click here to put $1,000's back in your pocket.Learn how to improve the value of your home by using Equity+ software.
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alysaally

Its good information about mortgage very useful information.

reply10 / 06 / 2008
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