3 blog posts Filter
3 Results

ANZ woos property investors with interest-only loan change

March 28, 2019

Finance Interest Rates Property and Investment News Strategy

ANZ Banking Group is loosening some of the clamps it put on interest-only mortgage lending in 2017, after pledging to reopen the door to property investors following a period of excessive caution. The big four lenders on Thursday said it would again start offering customers an interest-only period of up to 10 years, up from […]

How long does a mortgage take to pay off?

July 4, 2018

Finance Interest Rates Property and Investment News Strategy

When you sign up for a home loan, you usually sign up to a term of 25 or 30 years. But does it really take that long to pay off a mortgage? And, if not, what tactics can you use to pay yours off sooner? The starting point: A mortgage repayment calculator While many people […]

Interest-only mortgage holders face $7,000 a year hit: RBA

April 24, 2018

Finance Interest Rates Property and Investment News Strategy Taxation

  Borrowers with a typical interest-only home loan face a $7,000 jump in their annual mortgage costs when their interest-only period ends and they are forced to start paying back principal, the Reserve Bank says. With almost $500 billion in interest-only mortgages set to expire in the next four years, RBA assistant governor Christopher Kent on […]