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Interest-only investors facing almighty cash crunch

February 13, 2018 - 11:30 -- Admin

By Leith van Onselen From The AFR comes another report on how borrowers switching from interest-only mortgages are facing a huge lift in repayments: A typical borrower paying 4.50 per cent on a $400,000 loan will have to prove to their lender they can meet repayments for a 7.25 per cent loan, or an increase

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