Tag: Mortgages
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RBA Cash Rate August 2020
RBA board has met on Tuesday the 4th of August 2020 for their cash rate decision. The RBA board decided to leave the cash rate at 25pts. The board also has set a 3-year cash rate and yield target of 25 basis points. Representing a record low RBA cash rate. Australian Economy The global economy…
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COVID19 Cashflow Checklist
We are all navigating, which can be described as uncertain times. We cannot control these external factors, but what we can control is our family’s finances through budgeting and maximising your cash flow over this period of uncertainty. To help during this period, we have put together a cashflow checklist, for yourself and your family…
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RBA Cash Rate Decision February 2020
RBA Cash Rate Decision February 2020 RBA board has met on Tuesday the 4th of February 2020 for their cash rate decision and decided to keep the official cash rate on hold at a record low of 0.75%. This represents a record low cash rate for the RBA. Australian Economy The Australian economy has appeared…
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Australian banks change lending standards
Australian banks have changed lending standards On the 5th July, APRA announced that it would be making an adjustment, following a consultation period to APG 223 (Prudential Practice Guide to Residental Mortgage Lending). This proposal was to scrap the current minimum 7% floor applied when seeking a new residential mortgage and instead revise by applying…
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Salary vs Self-Employed: How Your Income as a US Citizen Living Abroad Affects Getting a US Expat Mortgage
It comes down to how you are being paid and what currency you are getting paid in When getting mortgage financing in the US, a review of your income, credit, and assets is always required. When you are a US citizen living abroad, qualifying your income for mortgage financing can be a little more complicated. …
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RBA Cash Rate Decision August 2019
RBA Cash Rate Decision August 2019 RBA board has met on Tuesday the 6th of August 2019 for their cash rate decision and decided to keep the rate unchanged at 1%. This represents a record low cash rate for the RBA. Growth in Housing Market Conditions in the Sydney and Melbourne housing markets have continued to remain soft but…
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How to Get a US Expat Mortgage as a US Citizen Living Abroad
How to get a US expat mortgage as a US citizen living abroad
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RBA June 2019 Cash Rate Decision
RBA June 2019 Cash Rate Decision RBA board has met on Tuesday the 4th of June 2019 and decided to cut the cash rate by 25 points to 1.25%. This represents the first cash rate cut since 3rd August 2016 (nearly 3 years). The federal election has been won and done and the RBA has…
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Getting an Australian Mortgage whilst living in the USA
This article will explore how you can obtain an Australian mortgage whilst living in the USA. Perhaps you are an Australian expat, married to a foreign national or a non-resident looking to invest in Australian property. We will also discuss the implications around the type of USD foreign income you generate (this can be W2…
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What is Common Reporting Standard (CRS) and how does it impact Australians Expats?
What is Common Reporting Standards CRD and how does it impact Australians living abroad and their expat mortgages