ASIC allow switching from principal and interest to interest only

By |2020-04-08T17:25:37+10:00April 7th, 2020|

ASIC has provided confirmation to lenders that a change from principal and interest to interest only repayments can be made if a consumer requests to reduce their repayments and in the short-term.  Nila Sweeney from the Australian Financial Review, published her exclusive overnight, for which David Johnston provided some insights, in her article "No breach for lenders as homeowners switch to interest-only."

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