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Harry Dent and Robert Kiyosaki have been predicting this for a while so when is the best time to buy up and/or how will affect Australia are we going to have another bank clampdown on loans. Look forward to any insights from Steve here as he has been over there and I would like to know how his test investments are going over there?
Asbestos Audits Queensland | Asbestos Audits Queensland
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The introduction of the National Consumer Credit Protection laws which came into effect for most on the 1st July 2010 have already had the affect of reducing the amount of funds borrowers can borrow thru a Bank or Broker.
All we will need is further tightening of lenders / mortgage insurers own policy and that will hurt even further.
Richard Taylor | Australia's leading private lender
This graphical information describing Alt A and ARMS mortgage resets in 2011 and 2012 might informRichard
I believe the changes to the credit laws will make it more attractive to buy in the United States
Nigel Kibel | Property Know How
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Nigel i think you are right although regretfully Brokers holding Authorised Representative Status will no longer be able to use the US lenders for their Australian Clients.
Richard Taylor | Australia's leading private lender
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