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Month: November 2018

What does the term ‘exit strategy’ mean in the finance industry?

We often hear about young home buyers having difficulty getting finance to buy their first home and get into the housing market. But what about older people who are trying to get a home loan? Approximately 15% of people in Australia are aged 65 and older, according to the Bureau of Statistics. Older Australians might…
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Many people are unable to obtain a loan as a result of credit tightening policies implemented by lenders.

One Sydney-based Business Development Manager and former mortgage broker Hank Hong, says that one in three clients are unable to obtain a loan as a result of credit tightening policies implemented by lenders. “It’s [credit tightening] affected servicing and how much you can actually lend based on incomes,” Mr Hong said. “Certain offers that they…
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