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Australian mortgage holders “extend and pretend”

July 8, 2024 - 14:00 -- Admin

The prospect of the cash rate remaining on hold for some time has prompted a growing number of Australians to refinance their mortgages with a new lender or switch to an interest-only loan. Finder estimates that around 500,000 Australians—about one in five borrowers—have switched to interest-only loans, while one in eight people has extended their

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