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Refinance Mortgage News

Home Loan Borrowers Turning Away From Banks

Saturday December 30, 1995
Home loan borrowers are deserting banks in record numbers to refinance their mortgages with the growing band of non-bank mortgage providers undercutting banks on interest rates by as much as 1.75 percentage points. While official statistics are sketchy, mortgage managers - which have stolen aroun

Banks Retake The Lending Strip

Monday December 18, 1995
Home buyers should be warned that a change in market conditions can turn the tables on `fringe' mortgage lenders, writes Daryl Dixon. THE financial collapse over the past year of three firms that were involved in arranging first-home mortgages highlights the need for all borrowers to scrutinise t

Benefits For Borrowers

Saturday December 9, 1995
The recent development of mortgage securitisation programs has generated significant benefits for home loan borrowers and investors by delivering greater choice, flexibility of loan products and lower interest rates. In contrast, purchasers of commercial property have been required in the past