Important information

Please be aware of the following;

Effective Immediately Tuesday 6th March 2012 Credit License Cancellation Lodged By Us With ASIC

Ability Finance have elected to cease all credit activities covered by ASIC credit licensing for various reasons including but not limited to;

  1. Lender commission cuts over the past few years.
  2. Additional liability, workload and costs arising from National Credit Licensing
  3. Lender minimum volume restrictions which result in smaller brokers not being able to offer all options to customers.
  4. Regularly encountered inexperienced lender staff who are unaware of their own employers policies whose advice wastes both broker and customers time and resources.
  • As a blog style website there is only historical content contained within this website that is out of date and no longer applicable. This content must only be used for historical reference purposes.
  • Ability Finance, through choice, no longer represent any lenders who may be historically referred to within this website.
  • No information or content contained on this site should be relied on as being current.
  • No content contained within this site should be taken as advice in any way at all.

Should you feel there is any content that should be removed from this site please contact the webmaster.
By any chance you feel specific content is interpreted as offering any credit activities by us it is to be ignored, please report to the webmaster for removal or modification.
If you are legally entitled to engage in credit activities and would like to advertise on this site please contact the webmaster.
If you would like a website developed or even to purchase this site modified to your requirements please contact the webmaster.
Meanwhile we are working hard at creating a one stop shop for purchasing high quality spray painting equipment online including an extensive range of the best spray gun models we are able to offer at discounted prices everyday right across the complete range of available spray gun models. Online spray gun prices with old fashioned personal service levels.

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St George Low Doc Policy Change

Effective from 19 September 2009, all Low Doc Home Loan applications must now be supported by Business Activity Statements (BAS) for the last 12 months, the last statement being no more than 3 months old at the date of application. This is in addition to existing Low Doc documentation requirements.
For applications received prior to the 19th, these can be assessed under the previous criteria i.e. Business Activity Statements will not need to be supplied. Click to Read more..

AMP Switching Deposit Products

Effective imediately.

AMP are introducing a new process that will enable customers to switch between similar types of deposit products. This new option means that customers will be able to keep the same account number - no changing of direct debits/periodical payments/salary credits etc.

Customers can find the Request to Switch Deposit Account form on the AMP website.

Accounts that can be switched from: Click to Read more..

Discounted rates for Self Employed Borrowers

If you are self employed and looking to borrow $250,000 or more, a SE Pro Pack home loan could be one of the home loans you will consider. There is a discounted interest rate when borrowing over $250,000.

If you are borrowing over $500,000 there is a discounted interest rate plus access to money management facilities such as ATM, EFTPOS and chequebook.

Key SE Pro Pack features: Click to Read more..

Flexible Fixed Interest Rate Home Loan

Many fixed interest rate home loans have restrictions on the amount of additional repayments that can be made and redraw is not always available when a home loan interest rate is fixed.

There are exceptions to the rule though and one of our panel lenders offers unlimited lump sums during a fixed rate term, provided the loan is not paid out and discharged, and redraw is available. Click to Read more..

Non Conforming Variable Interest Rates Slashed

Phoenix Home Loan (Non-Conforming) variable interest rates have been slashed across all products by up to 0.65% p.a., including the removal of the 0.25% p.a. loading for Interest Only loans.

So what does this mean to you? Click to Read more..

Smart Saver Procuct Range Change


Homeloans Ltd are no longer able to accept vacant land applications with intention to commit construction within 12 months under the Smart Saver product range.

Approval of vacant land purchase and simultaneous construction of dwelling can still be provided and there is no change to the use of vacant land as collateral or top up security to other improved residential property, to a maximum LVR of 50%. Click to Read more..

Bankwest Capped Rate Home Loan

Bankwest have announced a new home loan interest rate concept.

Effective 9, September 2009

The Capped Rate Home Loan is a variable rate product with a cap set on the interest rate. This means that the interest rate is guaranteed not to increase past a certain limit for a pre-determined period.

Eligibility Minimum loan amount $100,000. Click to Read more..

Low Doc Home Loan Up to 80 Percent LVR

Lo Doc up to 80% LVR Purchase - Premium Lo Doc Product

The Homeloans Premium Lo Doc is a fully featured home loan. This loan is perfect for self employed borrowers without full income evidence. This is a great option for clients with 20 percent deposit from a previous sale of a property or accumulated 20 percent genuine savings over 3 months.

Interest Rate: Please call to check

Loan Purpose: Purchase or Purchase and Construction (no refinances)

Borrower Type: Individuals, companies/trusts

Purchase: No bank trading statements or BAS required Click to Read more..

Bankwest Low Doc Home Loan


Introducing the Bankwest Low Doc Home Loan. Click to Read more..

ANZ Changes to Fees and Mortgage Insurance

Changes to ANZ Mortgage Loan Approval Fee Policy
ANZ is simplifying its Mortgages’ Loan Approval Fee policy concerning Split Loans.
Effective Monday, 3rd August 2009 the following will apply: Click to Read more..

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