Sunday, June 11, 2017

Why there is a crackdown on interest-only loans

A loan to value ratio is the proportion of the loan being borrowed compared to the deposit, so an LVR of 90 per cent is when a borrower has a 10 per cent deposit. Explainer: What are interest-only loans and why is there a crackdown on them? #propertymanager #ljgrealestate

ING Direct has joined the growing group of lenders tightening their requirements.

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