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Attention All Aussie Lenders!

BLOG POST


Monday, June 22

by Andrew Winter


Have you not noticed what has gone so wrong with the worlds’ biggest banks? I don't think you have...

In recent weeks, I have spoken to one young couple on good salaries with a small deposit, that were offered up to $800,000 on a mortgage – they were both horrified and sensible enough to be sticking to a loan amount under $500k. Another couple who are being encouraged to build on land they had already paid 20% too much for and where their newly built home will actually be worth at least $300k less than it cost to build. Another guy who signed up for a ‘share trading’ account to play the market with a couple of thousand Dollars he could actually easily afford to lose if it all went wrong, was offered an instant $50k credit, which would not be so easy to lose but impossible to repay!

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