
Mortgage News
Low equity loans get more expensive
Tuesday 3rd of September 2013
It is a move that was first predicted several months ago by commentators, who said that those with bigger deposits would likely be able to negotiate bigger discounts on carded interest rates.
Several major banks have hiked their low-equity fees ahead of new loan-to-value ratio (LVR) speed limits. Banks will have to reduce their borrowing to low-deposit borrowers to less than 10% of their...
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