Empower Blog Lending

What do the Banks look for when Lending Money?

So you are thinking about actually getting a loan? What is it that the Banks are going to be looking for in terms of being able to lend you money for a mortgage? There's actually 5Cs that allow them to do that. Character, Capacity, Conditions, Collateral and Common Sense. So let's explore all five! The first one is Character. When they are talki...

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How Lenders look at your Property?

>> Play Audio Here   Wouldn’t it be nice to know that when you plan to approach a lender, you will have an idea about how they will look at your potential purchase. Do the lenders think its risky? How are they going to value it? Is it comparative to other similar properties around the area? Why are they charging Lenders Mortgage In...

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The Impact of Leverage

In earlier articles in this series, we have been discussing the “inputs” that will be required for an Investment Strategy talking about the different ways that money, time and knowledge will be required to plan, implement and manage an Investment Strategy and their impacts on the outcome of that strategy.  In the previous article, we discussed...

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Lending Laws Now Consistent Across the Board

The start of the 2011-12 financial year saw the new National Consumer Credit Protection (NCCP) laws take effect for banks and other lending institutions along with brokers.  The laws for brokers came into effect 1st January 2011.  This now provides consumers with greater protection from unscrupulous lending practices that may have occurred in the...

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