Abhi Dube in Kellyville, New South Wales | Loan service

Abhi Dube

Locality: Kellyville, New South Wales

Phone: +61 423 508 870

Address: Bellerive Avenue 2155 Kellyville, NSW, Australia

Website: https://www.loanmarket.com.au/abhi-dube

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15.01.2022 APRA confirmed its updated guidance on residential mortgage lending will no longer expect them to assess home loan applications using a minimum interest rate of at least 7 per cent. Common industry practice has been to use a rate of 7.25 per cent. Instead, ADIs will be able to review and set their own minimum interest rate floor for use in serviceability assessments and utilise a revised interest rate buffer of at least 2.5 per cent over the loan’s interest rate. This means b...orrowers are eligible for a home loan that is perhaps 10-15% more than previous capacity. The changes could allow a household on an average income to borrow up more than $70,000, while an average full-time worker could borrow upto $60,000 more. https://www.apra.gov.au//apra-finalises-amendments-guidanc

14.01.2022 Borrowers breathe as banks exhale ! If you’ve struggled to get a pre-approval/home loan for the amount you’d hoped lately, you probably blamed the bank. It’s frustrating, upsetting, alienating, unfair, infuriating Since 2014, a high percentage of people have had their applications rejected. You might be surprised to learn that banks weren’t particularly happy about this either. The Australian Prudential Regulation Authority (APRA) was forcing them to go hardthey had to asse...ss everybody on their ability to handle repayments if interest rates hit 7.00% p.a. But now, APRA has decided to loosen things up. There’s a good chance of two rate cuts resulting in a 1.00% cash rate by year’s end. Riskwise Property Research reckons these numbers, plus APRA’s big relax will boost average borrowing capacity by up to 14%. A million or so loans are set to switch from interest to ‘principle and interest’ over the next few years which may shock a lot of people into forced sales and contracting the economy because people have less money to spend. No matter what happens, there’s a bluebird on the shoulder of many home buyers now. Affordability is moving closer to reality and, the downturn continues. The time to buy could be near. If you’re now in the market, I’m sure I can help you get the most competitive deal that suits your needs..

07.01.2022 The RBA Board decided to lower the cash rate by 25 basis points to 1.00%. This follows a similar reduction at the Board's June meeting. https://www.rba.gov.au/media-releases/2019/mr-19-18.html