The Gillard Government in Australia announced key reforms to help deal with unfair mortgage exit fees. These reforms will strengthen the hand of Australia’s credit regulator, the Australian Securities and Investments Commission (ASIC), to pursue banks over unfair mortgage exit fees. Currently, some banks are using mortgage exit fees to lock customers into their home loans. Exit fees can be so high that there is no incentive to switch to another lender, even if they are offering a substantially lower interest rate.
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Some housing pundits report the demand for housing is strong, while these same pundits, on another day say that we are in a housing affordability crisis. Can the two narratives be accurate at the same time?
Keller Williams has launched its new neighborhood-based home search app to coincide with the updated website that was launched earlier this year.