OurFinanceBlogs.com - Australian Finance Blogging Community

Tips to Pay off your Mortgage Sooner

Posted by andyfvp on Nov 24th, 2008

Anyone who has ever had to pay off a mortgage will tell you they would love to pay it off before the term, but most people will continue to chip away at their loan on autopilot. A proactive strategy can cut your loan term from 30 years to less than half in some cases. Australian [...]

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Foreclosure Sales Suspended until early 2009

Posted by andyfvp on Nov 21st, 2008

Finally some good news leading into the holidays for millions of struggling homeowners, through a plan of action that is actually trying to achieve something. I applaud the companies and agencies involved for this much needed action.
Freddie Mac, the government sponsored mortgage entity (GSE), announced today it has ordered its national network of mortgage servicers [...]

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An Interest Rate Cut That Won’t Make a Difference

Posted by Debbie on Oct 6th, 2008

“What a time to be taking annual leave!” we wrote in an email to Dan Denning last Tuesday. The US market had just fallen by 7%.
“Have some cocktails and hit the beach” he replied. Not wanting to ignore sensible advice, we did. But we do confess to watching far too much of Sky Business Channel [...]

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Australian Mortgage Market Not as Bad as US/UK

Posted by Debbie on Sep 4th, 2008

Some commentators and analysts have also tried to use the credit problems in the US and the UK as a reason for cutting rates, arguing that it is necessary in order to prevent a freezing up of credit, a slump in the housing market, and an increase in home repossessions.

Again this seems a little disingenuous. [...]

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