"PROSPECTIVE borrowers have been cautioned to get a home loan while they can.
Some may soon find it tougher to borrow, with major banks expected to quietly turn the screws on who qualifies for a home loan.
Steep price rises across a number of key household items, combined with tougher lending rules, are likely to lead banks to take a more cautious view on how much they lend.
Banks have reported a spike in the number of loans turning sour, largely due to losses linked to severe flooding and cyclone Yasi across Queensland over summer................read it here
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