http://edgefinance.com.au/blog info@edgefinance.com.au / ph: 1300 65 30 34 Thu, 30 Apr 2009 04:16:00 +0000 http://backend.userland.com/rss092 en We here at Edge Financial Services are wondering why the local credit market has decided that the Australian economy is set to recover by the end of 2009. And on what facts are based the predictions that by the time pyrotechnics herald the arrival of 2010, the Reserve Bank ... http://edgefinance.com.au/blog/edge-financial-services/rba-cornered-on-interest-rates/ Bank policies are out as borrowers are rejected left right and centre. Whilst banks have a policy to lend money it would appear that policies normally adhered to have been thrown out the back door as funding is now  extremely hard to obtain. Mortgage insurers have clamped down to the extent ... http://edgefinance.com.au/blog/edge-financial-services/home-loan-lending-criteria-scandal/ December 2008 has seen Australia’s Reserve Bank cut the country’s official interest rate by 1 percent – reducing the cash rate to its lowest level since May 2002. It is understandable that mortgage holders would rejoice at the news, but of the big banks only the Commonwealth Bank and National Australia ... http://edgefinance.com.au/blog/edge-financial-services/australian-interest-rate-cut-%e2%80%93-will-homeowners-benefit/ Low doc or “lo doc” loans have become available by lending institutions to cater to a particular market. This market is comprised of people who either cannot, or would prefer not, to disclose financial statements and taxation documents. Such people might include the self-employed, who have the assets and income ... http://edgefinance.com.au/blog/edge-financial-services/what-is-a-%e2%80%9clo-doc%e2%80%9d-loan/