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Refinancing Loan News

Centro's Waiting Game As Loan Expires

Friday January 16, 2009
CENTRO Properties remains confident its bankers and noteholders will formally consent to a "long-term refinancing and stabilisation" plan as soon as today, despite confirming yesterday the expiry of a $5.05 billion debt facility.

Oz Wins Debt Extension, But Future Remains Uncertain

Wednesday December 31, 2008
OZ MINERALS has received a last-minute lifeline from its bankers, who have granted it a two-month extension on the refinancing of more than $800 million in debt.

Loan Books Are Cruising For A Bruising

Tuesday December 23, 2008
WHILE the Commonwealth Bank has been busy putting out spot fires after fumbling its $2 billion capital raising last week, bad debts on its books have piled up faster than expected.

Can You Pick The Right Refinancing Loan?

Tuesday October 28, 2008
Choosing the right refinancing loan can be difficult when every mortgage company is lowering its rate.

Using a refinancing loan for better terms

Tuesday May 13, 2008
By using a refinancing loan to get better terms on your mortgage, you may be able to increase the length of your mortgage or increase your ability to repay.

Ing Scores $325m Loan After Debt Refinancing

Wednesday April 23, 2008
ING Industrial Fund has been granted a $325 million unsecured loan from a syndicate of lenders that will allow it to repay all its short-term loans.

Refinancing loan for a better rate

Thursday April 3, 2008
A refinancing loan is for the times where your financial situation changes for the better, but due to your previous financial difficulties, you've been stuck with whatever home loan you could get.

Battlers Easy Meat For Loan Sharks

Friday March 14, 2008
PREDATORY mortgage brokers are deliberately targeting vulnerable borrowers, refinancing them on loans with higher interest rates and repayments and charging more than $30,000 in some cases for the pleasure.

Rate Fright Sparks Loan Flight

Tuesday February 12, 2008
HOME owners are refinancing at record levels before another rise in interest rates next month, considered imminent after the Reserve Bank revealed it expected inflation to remain above its 2 to 3 per cent target range until 2010.

Subprime Woes Continue For Rams

Thursday November 22, 2007
RAMS' shareholders risk losing a substantial revenue stream after they were warned yesterday that it had little chance of refinancing $6 billion worth of home loans.

Hundreds Lose Homes As Rates Rise

Wednesday August 2, 2006
THE number of Victorians being sent to the wall by their mortgages has jumped dramatically, with home-loan defaults up a massive 50 per cent this year.

Geelong Man To Stand Trial

Sunday May 28, 2006
A FORMER champion athlete accused of ripping off more than $1 million from 13 Geelong families when refinancing their home loans will appear in court in July on 64 fraud charges.

Rates Are On The Slide But Savings May Be Slim

Saturday September 17, 2005
Home loan interest rates are falling, but that doesn't automatically translate into savings for existing borrowers, writes Peter Weekes.

Lihir Gold Loan May Pave Way For Rio Exit

Thursday September 15, 2005
Lihir Gold has secured $US216 million ($280.5 million) in a low-cost gold loan, triggering speculation that its new-found financial strength will clear the way for Rio Tinto to quit its 14.4 per cent stake in the Papua New Guinean miner.

Lihir's Gold Loan Opens Exit For Rio

Thursday September 15, 2005
LIHIR Gold has secured $US216 million ($A280.5 million) in a low-cost gold loan, triggering speculation that its new-found financial strength clears the way for Rio Tinto to quit its 14.4 per cent stake in the Papua New Guinean goldminer.

Investors Turn Bearish On Housing

Tuesday July 12, 2005
THE fall in the number of loan approvals in May (and significant revisions to the back-data) suggests the housing market remains in correction mode.

The Secrets To Paying Off Your Home Loan Quickly

Sunday February 13, 2005
We all want to clear our mortgages as quickly as we can, but some of the methods surprised even David Potts.

Going For Broke On Loan Commissions

Saturday May 8, 2004
A new mortgage broker has already raised the wrath of rivals by offering to hand back to customers up to half the commission paid by lenders.

Flak For Mortgage Brokers' Sales Pitch

Tuesday April 6, 2004
Far from providing home owners with independent advice and finding the best loan, most mortgage brokers are little more than high-pressure salesmen driven by their next commission, according to a scathing report on the industry released yesterday.

Bank Borrowers `paying More'

Friday February 6, 2004
NEWCASTLE and Central Coast bank borrowers with the average home loan have paid out up to $16,000 more in interest in the past eight years for the privilege of dealing with a bank, according to a non-bank lender.