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Author Archive | Andrew Larcombe

Market Conditions Pressuring Leading Mortgage Insurer As Premiums Slide 20%

In further evidence that lending policies are tightening, online industry magazine, Mortgage Business, today reported: “Mortgage insurer Genworth has conceded that tightened lending conditions and a lower LVR (Loan to Value Ratio) mix are impacting the group’s gross written premiums. In its third-quarter trading update Genworth recorded a 20.8 per cent fall in gross written […]

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Managing A Holiday Home

Before you take the leap into holiday-home investment, it is essential that you consider all angles. This means taking your heart out of the equation and giving thought to rental returns. When deciding whether or not to buy a house or unit, you’d be best served to consider location first. In fact, location has a […]

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What happened to Vanessa Lewis?

Way back in 2008 I was looking for a change. I was working as a debt collector for the family business and also in my own business in remedial massage. I had many years banking experience and had decided it may be time to go back into the banking arena. Working for a number of […]

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When Would I Refinance My Mortgage?

Whenever it makes financial sense to do so. Heard about mortgage refinancing? In the past, most people who took out a mortgage doggedly continued with it until they had paid it off. These days, people refinance their mortgage much more frequently. The average duration of a home loan in Australia now is just 4-5 years. […]

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How To Pay Off Your Mortgage Faster

When was the last time you looked closely at your loan, the progress you are making on paying it off and how it compares to others in the market? Analysing your mortgage could mean savings for you, as well as the opportunity to pay it off more quickly, invest in other assets or reach financial […]

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Why Paying Off Your Credit Cards Is Not Enough

Getting your mortgage application together can require quite a bit of financial scrutiny. In order to figure out your serviceability (your ability to pay the loan back), your potential lender will look deeply into your finances. It’s a no brainer to take your credit card debts into consideration when applying for a mortgage. But what […]

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