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Higher interest rates to deter investors from interest-only home loans

Loop Financial

Higher interest rates to deter investors from interest-only home loans

By Loop Financial| 2017-06-21T15:01:43+10:00 June 21st, 2017|Loop Financial|

Following instructions from regulators, banks are set to increase their rates for interest-only home loans in an effort to push more people towards principal and interest loans. If you take out an interest-only loan from a bank, the money you repay only covers the cost of interest – you never actually pay back any of [...]

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Property investing just got harder. Banks are making borrowers jump through the hoops.

Banks & Finance

Property investing just got harder. Banks are making borrowers jump through the hoops.

By Loop Financial| 2016-08-24T12:17:48+10:00 April 1st, 2016|Banks & Finance|

Sure rates are low, but some banks are really starting to put the heat on our first home buyers and investors. If you are looking at property investing. Here's what you need to know. When you apply for a loan, the bank or financial institution will look at if you can make repayments at not [...]