Brokers around Australia breathed a collective sigh of relief recently as ANZ became the first major bank to lower their assessment rate. As they bravely took the plunge where no lender had recently, others began to follow suit. Due to a variety of factors, the last few years had seen banks systematically tightening credit, so…

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Living expenses. Invasive or instrumental?

For anyone who has applied for a loan in the last 18 months or so, you may have been surprised by the sheer amount of intrusion into what you feel are your private spending habits. In an existing era, it seemed as if just having a pulse was the pre-requisite for obtaining a home loan.…

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