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Archive for March 2017

When is the right time to switch?

When there’s talk of interest rate rises, home owners tend to get twitchy. They think … ‘Oh, I wonder if it’s time to switch… If I can get a better deal or lock in an interest rate before they go higher’. And those are all good questions that you should be asking. Switching home loans…

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What are ‘interest only’ loans?

Research released by the Australian Prudential Regulation Authority (APRA) at the end of last year showed that Interest Only loans are becoming increasingly popular, now making up almost 40% of all residential home loans. What is interest only? Mortgage repayments are generally made up two components – the principal (the sum you’ve borrowed) plus interest…

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