In 4Q15 the value of interest only loans issued in Australia increased by 84% over the previous three years (vs. only 20% growth in the value of principal and interest loans). In the December 2014 quarter interest only loans accounted for 43% of all new home loans issued. Of these, 41% were issued to owner […]
The sensible way to use interest only loans
Everyone’s using a mortgage broker — should you?
As at February 2015, residential mortgage loans in Australia totalled $1.44 trillion, and of all the new loans originated each year mortgage brokers are now responsible for over half of them. This post explains what mortgage brokers do why they have become so popular. Background To get started, in order to understand the role of a […]