2017 saw huge upheaval - lenders tightened requirements, official and actual interest rates seemed miles apart and interest-only borrowers were really put under the pump. But while many panicked and are seeking to fix their interest rate, there may be a better option. If you fix...
P&I repayments - what’s going on with them and why it might be time to revisit them. [vc_row css=".vc_custom_1504141384493{padding-bottom: 40px !important;}"][vc_column][vc_column_text] Banking regulator APRA has cracked down on interest-only mortgages following an announcement earlier this year, limiting interest-only lending to 30% of total new residential mortgage lending. The...
With a recent increase in the uptake of Interest Only loans we are pondering the question of which type of loan is best? Interest Only or Principal & Interest? People are taking on Interest Only loans in order to free up their cash flow, to ensure...
With interest rates in Australia at historic lows many people are asking ‘should I refinance?’ It’s never a simple yes or no answer; there’s much to consider so let’s work through some of the issues surrounding whether or not you should refinance. Should I refinance for...
