Many mortgagees will not be affected by the next wave of interest rate rises to their home loans, according to new research.
Rate rise will not affect many Australians
Cash rate holds at 1.5%, yet mortgage stress on the rise
The RBA has left the cash rate on hold at the historical low of 1.5 per cent today. Yet, new research shows that the financial pressures of paying off a home loan are increasing.
Further rate hikes a sign of what's to come'
The Commonwealth Bank is the latest lender to lift interest rates for homebuyers looking to fix their home loan, raising rates on a number of fixed products.
Click to pay is king as consumers embrace bank technologies
Many Australians now pay their bills with a few taps of the finger, as banks beef up their mobile and digital-banking offerings.
Yes, it may be possible to get a $1,500 payday loan with bad credit. Some payday lenders give loans to people with bad credit histories if they believe the borrower has the capacity to repay the loan.
Under Australia’s responsible lending rules, lenders aren’t allowed to approve $1,500 payday loans if they don’t believe the borrower can make the repayments.