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...
With prices of houses these days, it’s no wonder that inter-family gifts and loans as known as the Bank of Mum & Dad, are at unprecedented levels - but they come with both advantages and disadvantages and here, knowledge is key. In 1986, the average house...
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...
There’s lots of talk at the moment about the APRA (Australian Prudential Regulation Authority) tightening lending standards and lenders reducing the maximum LVR on new and interest-only lending, but do you know what the heck it all means? You can learn more about APRA’s announcement...
