Does The Sub - Prime Morgage Market Concern You?
There has been a lot of news coverage on the sub – prime mortgage market crisis in the USA over the last week or so and recently how it is starting to affect things here is AUS.
Is this just media hype? How will it affect things here in AUS, especially for those running their businesses with a Low Doc Loan?
The flow on affect here is AUS it seems could affect the interest rates on some low doc loans, not by the reserve bank but from the lenders themselves.
Seeing the non conforming lenders are also looking to tighten their belts over loan applications how might this affect someone wanting to finance a new business venture?
We welcome your comments on this topic so please feel free to post a word or two
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