Interest-only loans are where you merely pay back the interest of a loan to the lender. So if you borrowed $500,000 and made repayments for five years, your balance would still be $500,000. They are designed predominantly for investors for cash flow and tax deductibility purposes. In March 201...
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Blog tagged as Interest Rates
The Reserve Bank of Australia has announced that it will cut interest rates. This sets a new record low rate of 1.75% - the first change since May last year. The Bank is hoping to stimulate an under-performing local economy. Low interest rates continue to support housing market activity. ...
03-05-16 10:34 PM - Comment(s)