Post Tagged with: "interest only loans"
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RBA Warns Over Risk to Investors With IO Loans
The RBA has warned that investors with IO loans might face negative equity more quickly than P&I borrowers if house prices were to drop substantially. RBA assistant governor Michele Bullock said […]
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Banks to Slam Brakes on Interest-only Loans
Borrowers looking to buy a house with an interest-only loan will find it much harder under new rules brought in to curb “heightened risk” in the housing market. The Australian Prudential […]
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Rates Will Rise on Interest-only Loans Thanks to New Regulatory Restrictions
The financial regulator, the Australian Prudential Regulation Authority (APRA), is caught between a rock and a hard place in its attempts to reduce lending risk in the residential property market. It needs […]