Interest rate competition is hotting up

There have been some positive signs in the banking sector (particularly with respect to competition) that I wanted to update you on. When the Global Financial Crisis hit Australian shores many lenders retreated from the market (stopped lending) and quite a few of the second tier lenders where acquired by the Big 4 including St …

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Dammit! I thought I chose the right lender.

Over the last couple of weeks, I have been helping a number of clients (that use an array of different lenders) as their interest only repayment periods were approaching expiry (an interest only term is typically only used with investment loans and allows the borrower to only repay interest, not principal). Most lenders structure their …

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