Comments on: How Big A Mortgage Is Too Big in Australia? http://www.bhatt.id.au/blog/how-big-a-mortgage-is-too-big-in-australia/ Technology Reviews, Movies and TV Shows, Personal Finance, Politics, Environment, Books... Tue, 07 Feb 2012 04:06:03 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: Matt Hern http://www.bhatt.id.au/blog/how-big-a-mortgage-is-too-big-in-australia/#comment-33370 Matt Hern Mon, 25 Jul 2011 12:20:56 +0000 http://www.bhatt.id.au/blog/?p=3785#comment-33370 Hi Sean. I think your strongest point in answer to 'how big is too big' is your point about making a budget. A home and mortgage are mega long-term so how much your mortgage should be is all about your long term life plan overlaid with your current situation. I recently wrote an article approaching this topic from a different angle, which may interest you. You can read it here: http://money-guide.com.au/2011/05/borrowing-calculator/ Hi Sean. I think your strongest point in answer to ‘how big is too big’ is your point about making a budget.

A home and mortgage are mega long-term so how much your mortgage should be is all about your long term life plan overlaid with your current situation.

I recently wrote an article approaching this topic from a different angle, which may interest you. You can read it here: http://money-guide.com.au/2011/05/borrowing-calculator/

]]> By: Jeremy http://www.bhatt.id.au/blog/how-big-a-mortgage-is-too-big-in-australia/#comment-31463 Jeremy Wed, 23 Mar 2011 13:59:54 +0000 http://www.bhatt.id.au/blog/?p=3785#comment-31463 I'm not sure how many of you are familiar with the current economic situation in Greece, but it's the perfect example of what happens when banks do not implement the limiting policy - a few months ago all hell broke loose over there and thousands of people, up to their necks in debts, marched out on streets to protest. The question raised here is - was this solely government's fault? This example is pointing out that sometimes we honestly don't know what's good for us, and the authorities have to enforce the limiting policy to protect their citizens from themselves. I’m not sure how many of you are familiar with the current economic situation in Greece, but it’s the perfect example of what happens when banks do not implement the limiting policy – a few months ago all hell broke loose over there and thousands of people, up to their necks in debts, marched out on streets to protest. The question raised here is – was this solely government’s fault? This example is pointing out that sometimes we honestly don’t know what’s good for us, and the authorities have to enforce the limiting policy to protect their citizens from themselves.

]]> By: Sean Carmody http://www.bhatt.id.au/blog/how-big-a-mortgage-is-too-big-in-australia/#comment-30529 Sean Carmody Thu, 13 Jan 2011 09:58:01 +0000 http://www.bhatt.id.au/blog/?p=3785#comment-30529 Elmer, it is a pity that more banks (and other lenders) in Australia and elsewhere are not stricter about not lending too much. Ned, with the worst of the global financial crisis a receding memory in Australia for many (if not elsewhere) and yet with lending growth very slow for the major banks over recent months I would expect to see more "innovative" lending and more competition on rates this year in Australia, particularly since the securitisation market is slowly coming back to life and much of Australia's (relatively small) sub-prime style lending ("non-conforming") was done by certain non-bank lenders who relied on securitisation. I think that recently the first securitisation of non-confirming loans since the crisis was done in the last month or so. Elmer, it is a pity that more banks (and other lenders) in Australia and elsewhere are not stricter about not lending too much.

Ned, with the worst of the global financial crisis a receding memory in Australia for many (if not elsewhere) and yet with lending growth very slow for the major banks over recent months I would expect to see more “innovative” lending and more competition on rates this year in Australia, particularly since the securitisation market is slowly coming back to life and much of Australia’s (relatively small) sub-prime style lending (“non-conforming”) was done by certain non-bank lenders who relied on securitisation. I think that recently the first securitisation of non-confirming loans since the crisis was done in the last month or so.

]]> By: Ned http://www.bhatt.id.au/blog/how-big-a-mortgage-is-too-big-in-australia/#comment-30518 Ned Wed, 12 Jan 2011 23:35:02 +0000 http://www.bhatt.id.au/blog/?p=3785#comment-30518 As of today, I'm still getting creative financing offers on mortgages btw. As of today, I’m still getting creative financing offers on mortgages btw.

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