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GE Money Stops Funding Home Loans

Wednesday, 29 October 2008
GE Money announced to the broker network at the beginning of October that it would no longer be funding its prime mortgage products. Next came the news that it wouldn’t pass on any of the 1% rate reduction announced by the Reserve Bank. Now GE has announced it will stop funding home loans through third party introducers altogether.
Read more... [GE Money Stops Funding Home Loans]

Boosted Grant Good News for First Home Buyers

Wednesday, 29 October 2008
As part of the $10.4 billion economic stimulus package unveiled on 14th October the government has tripled the First Home Owners Grant to $21,000 for new homes and doubled it to $14,000 for existing homes. This is expected to provide a much needed boost to the housing industry and make it easier for first home buyers to enter the market.
Read more... [Boosted Grant Good News for First Home Buyers]

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