News
30-year interest-only loan 'provides options'
Thursday 13th of November 2014
The loans have been called irresponsible by Wellington mortgage broker Simon Rule, who said they encouraged borrowers not to make any principal repayments whatsoever.
A 30-year interest-only term is about three times as long as the longest term on offer from other banks.
Westpac said the product was aimed at investors to give them the best opportunity to take advantage of tax be...
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